Wednesday, September 18, 2019

Crypto Soft Flex

As we all know, I've been doing crypto balls deep since 2017.

I'm happy to report that even after that devastating bear market we saw in 2018, I'm still in profits today.

Yes, that's right, I'm in profits.

And better than that, I'm actually in triple digit percentage profits too.

So if you take the most minimum amount that triple digits could mean, that would be 100%.

With BTC at $10,200 and ETH at $210, that would mean that my average buy in price across ALL my purchases is at least 50% of that.

You could probably generalize that my highest possible average buy-in for BTC is $5,100 and ETH is $105. (assuming a 50/50 portfolio, which obviously mine is not)

Also, assuming a minimum of 100% profits as of now, that would make my annualized return ~42% per annum for the last 2 years.

And this is on the back of coming OUT of a bear market and not even in a bull market yet.

Mind you, this is the minimum. I can comfortably assure you that my profits is MORE than 100%. How "low" or how high, well let's just leave it to your imagination. Unfortunately, it is closer to 100% than it is to 999%, that much I'm willing to share.

Perhaps look forward to my next salt post when I post about my 4 digits percentage profits, or maybe when my crypto portfolio exceeds $1M in profits? We'll see how things go. Maybe I get rekt because all crypto is a scam, right? Haha!

As usual, I post SIGNIFICANTLY more on Twitter, with a lot more updated views (since things change so fast in this space). For example, the previous post about me buying back into DGD on the thesis of a corporate raid? I've already exited my position and booked ~10% absolute profits for a short 2 month trade. Those that follow me probably know what is the trade that I have been in that has been one of the main drivers of my returns, haha.

Anyway, just wanted to flex on all you stock / REIT / bond bois.

I actually wanted to make a more clickbaity title, but I'm actually happy that none of the mainstream financial bloggers are in crypto. All still convinced by their idol Buffet that crypto is a scam, lol.

Feel free to continue to believe that crypto is some digital ponzi!

I'll be busy earning retirement money in the easiest market there is out there.