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Showing posts from January, 2019

Short Rant on Crypto TA + some decent Quant Research

One of the problems regarding crypto is that because it's so nascent, people are struggling to (1) understand wtf it is and (2) develop a logical framework to evaluate it. You'll see that many people QUICKLY come to the conclusion that it is worthless because there is no valuation framework. *snorts* Well, I can see why a lot of people have this misunderstanding. They are reading trashy clickbait news articles or reading sarcastic tweets by pseudo-anonymous twitter accounts (like mine). Most of the "analysis" on cryptocurrency is unfortunately, technical analysis, and.... ba dum tss Useless. Whoa whoa whoa whoa. Stop right there, chartist. WHY do I say that TA in crypto is useless? Well, firstly, there is no universal base. Unlike stocks, which are priced in the local currency that it trades on, cryptocurrency is traded against every fiat imaginable, as well as OTHER cryptocurrencies. Result? There are 100s of charts for the same asset. So if you think that TA works t...

2019 Here We Go!

Gonna make it quick. I've been getting a lot of flack lately from everyone about how badly crypto is doing. Didn't I say to prepare yourself for sickening volatility? And you'd need to have the big balls and brain to ride out any volatility and hold the right things? Well, apparently some people took it that crypto is a 100% sure way method to make 100x your money in 1 month or less. Sorry ladies and gents, this isn't a late night TV infomercial and you're not buying a product from me. There is no returns. No money back guarantee. And above all, there is and was no gun to your head forcing you to go out and buy whatever you did, however you did. Take ownership and responsibility for your decisions, aite? I don't recall people sending me thank you money when they were up 2-10x late 2017 lol (neither would I ask or accept that). But I hear a lot of whining and grumbling now. Which is fine, since the market is in the shits. But if you're blaming anyone other th...