The Bitcoin Hodler Pension

I got in around 2012 and watched the price go to 1000 and then crash. I waited for the chart to crack into 1000 again, which happened in early 2017. I got in big at that time, in various crypto coins including BTC and ETH. This is a great technology which can free the people from centralized money issuance. What a ride it has been!

Big serious investment funds can't buy speculative assets. Now that BTC is above 20,000 again, they can buy.

The big deep patient money is moving in. Pension funds plan for the next decades.

 

In the past there have been scarce items such as NYC taxi medallions. Those were created by regulation and politics, could be destroyed by politics, and were destroyed by technology. Bitcoin ignores politics. It is provably scarce by laws of math. 

When the gold price increases, miners work harder to create more gold. When Bitcoin price increases, miners work harder but it produces the same amount of Bitcoin while making the network more secure.You can hodl your children's pensions, like the big deep investment funds, and without their management fees. When you are right, sit tight.

November 8, election day

Today is election day.
Closed the SPXL long at 93.30 for a .55 per share loss.

October 25, seasonal trend higher

Heading in to seasonal up-trend.
Long SP500 for a short-term trade ahead of some technology earnings. SPXL at 93.85.

October 3, quarter start

DJIA 18,254 -54.30
NASDAQ 5,301 -11.13
NYSE 10,691 -31.06
S&P500 2,161 -7.07

First day of the quarter and indices are down after the end-of-quarter markup last Friday. Now looking for market to turn back up.

SDS 16.50 +0.11. Closed this SP500 short position for loss of 0.65 per share. This was a poor trade entry.

September 14, markets weak

Markets were down big last Friday, up big Monday, down big Tuesday. Today, Wednesday, market is around flat.

Markets look weak and tomorrow could be another big down day. Went double short the SP500, SDS, at 17.15.

VXX, Barclays Bank iPath S&P 500 VIX Short Term Futures, 41.15 +0.07

September 7, AG stronger than silver

DJIA 18,502 -36.19
NASDAQ 5,271 -4.69
NYSE 10,876 -14.54
SP500 2,183 -3.36

Monday was Labor Day holiday. Yesterday, Tuesday, silver and AG were up strongly. Today silver is giving back some of the gains while AG is looking to stay flat. Therefore AG is relatively strong compared to silver.
Bought more AG at 13.22. Previous close was 13.32 and AG will show strength by closing there.

September 2, Friday before Labor Day, long silver

Broad indices opened higher, sold off sharply at 12:30, and are attempting to retrace higher.

Went long AG at 12.23, a miner which is a proxy for the price of silver. This could be a several day or several week hold. A few weeks ago it made 18s, and now looking for a partial retracement of that price.