BITCOIN: The Crypto Expert (+23%)

Being chained for twenty days is more than enough.

Nov 28, 2022

∙ Paid

Coin values from nirvana.
No-move is a good move when volatility contracts.
If there were a 23%-coin, we would sell it.

1. Recap Situation

We had our crypto expert Mike over to elaborate on coins & more. He confirmed our beliefs in the widespread use of blockchain technology at some point in our lifetimes. He warned us about coin values, though. They seem arbitrarily derived from nirvana, where he just came from.

Check out the original BrainDoζer below.

MacroDoζer

BITO: The Crypto Expert

Executive Summary Is network size correlated to coin value? You won’t find the chain. The chain finds you! We bet against the Santa Coin and short anything Fried. 1. Why Do I Care Right Now? Let me be your Crypto Expert today. Call me Michael Saylor, call me Samuel B.-Fried, call me Mickey Mouse…

a year ago · 4 likes · Juri von Randow

2. Why Now?

Twenty days in, and we already feel exhausted from all the crypto-craze. Even though our probabilities are fixed, and we enjoy taming beasts, we have to de-risk and do not want to roll the trade into January.

Volatility has contracted. Hence we are profitable at that point, even though Bitcoin has not moved that much in our anticipated direction. We could have given the trade more time at entry with wider break-evens. But what do we care now? Not that much, tbh.

We prefer our second Winter-Blows trade in the c…

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