A better crypto trading strategy than many I’ve read about. Thanks Alick. Great to see some others among the risk-takers in the dotcom boom still have a little appetite for speculation. Actually that would be interesting data: what proportion of people who took a risk and took a poorly-paid job with a dotcom bubble startup in the ‘90s are holding crypto right now? And what do the paper returns look like vs what their employee stock options and shares looked like on, say, 31 Dec 1999?
For me, the numbers are very different: I have invested about 0.001% in Bitcoin and Ethereum of what I had in stock and options on 31 Dec 1999.
But the money I’ve bought crypto with notionally derives from what I cleared before the dotcom bubble burst and took most of my paper earnings with it, so you could say that one exposure to extreme risk/reward has enabled another.