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Showing posts from February, 2019

Last call to re-evaluate your DGD thesis

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As some might recall, one of the biggest and most profitable crypto trades that I made was with DGD that I started buying in mid 2017 which I sold in Apr and I finally exited my position in Sep 2018 . I explained my thesis when I sold off my position in Sep 18. Since then, the price of DGD has cratered 43% in ETH and 55% in USD. Won't toot my own horn because everything is in a bear market, but yes, I believe that DGD's issues are not systematic and there are unique problems that it alone has. I doubt that it will ever recover, and if it does, it will be quickly sold down. So on top of all the things I've mentioned before, now there is actually going to be a strong competitor against the gold-back cryptocurrency DGX that is produced by DGD. DGX charges a fee for transferring. DGX charges an annual demurrage fee. DGX has fat premiums over spot. DGX trade volume has limits based on availability of supply and order book liquidity. It's competitor? Has none of that. And i...

Calling the Bottom...

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in COE prices. Charts from here . I've talked about COE before a few times, like in 2018 and way back in 2015 . Honestly? If you're one of those kind of "guys" that get a hard-on for cars (they actually look at the cars at the car show, not the car girls), now is a pretty decent time to pick up a car, with COEs this low. Personally, I don't really get it. I don't like the luxury and status of owning a car. Why attract gold diggers? There are girls who literally exclude dating guys who don't own cars. That sounds fantastic. It'll be great to never meet such people. I don't like playing the status game AFTER that of comparing cars either. For me, cars is just a mode of transportation. An expensive mode of transportation. That I have to pilot myself. And maintain. Bleah. I actually don't even like driving cars. I rather sit down, play my phone or take a nap, and just be chauffeured around. Does driving spark joy in me? No, it does not. Funny eno...