Saturday, November 28, 2020

Spot Long and Chill

Since being bearish DeFi throughout October, I flipped bull very early Nov and I got back into my positions at fantastic prices.

I am now just very simply and very boringly spot long and chill.

I have already taken out my entire seed capital.

I have also realized a very large sum of profits. 

I have set aside this money to allow me to continue with my life plans without worrying or being reliant on the the performance of the crypto market for the rest of my life.

I am now playing with house money to try and hit stretch goals, but I am still playing to win.

I expect the upcoming crypto bull run to be mind blowing.

A goal of mine is for my public ENS to hit 8 digits. Now, that would be a real flex.

Wednesday, November 18, 2020

Quick Post

(drafted on 16 Nov)

I am getting more and more convinced that it's just before the full blown crypto bull market genius ape season.

16k BTC is holding.

So is 400 ETH.

DeFi was going to head lower, but that stopped short with the heavy BTC flows. Big volume of real accummulation in DeFi came through. Those lows were strong lows and falling through those lows in USD levels are now very unlikely, in my opinion.

If you know what a "spot driven rally" is, this is what it looks like, particularly for Bitcoin. If you know where to look, you'll be able to see this for yourself as well.

Derivatives on the majors have been very under control on this move up, meaning that this isn't a move fueled on speculative longs.

Paypal coming online offering access to normal folk. DBS exchange soon for local normies.

Big names in the investing space starting to talk about it.

What happens next?


2 days later, we're sitting at $17k+ BTC.

ETH looks like it wants to break $500.

How much higher can this go?

Well, how much crypto do you have?

Does your family and friends have?

How many people still think it is a scam?

Once the rest of the SG fin blogging community starts covering cryptocurrencies, that means we're reaching peaked pleb mindshare. 

Some people are smart money. Others are sheep that think they are smart money.

Might not be what you want to hear, but sorry that's just how the markets work.