I took a bicycle tour of Savannah today, on one of those big barreled assed beach cruisers, mingling with the plebs from here and there — taking a view of all of the fancy houses. Oh how wonderful it was to imagine SLAVE QUARTERS and Cotton Barons traversing antebellum Savannah, ordering their blacksmiths to make their iron decor even more ornate. It’s a funny thing about the south — had slaves once upon a time and made money off people and today they still make money off those people by telling their stories. I can’t help but to feel slightly uneasy about the order of things in both Savannah and Charleston. Might I add, the only black folk I see here are either homeless or roaming around on drugs, or catering to people inside antebellum era eateries.
We depart for Charleston tomorrow and I can honestly say Savannah is one of the most beautiful cities I’ve ever seen, specifically because of the live oak trees branched out far and wide, festooned with Spanish moss. I have never seen anything quite like it — but the city on a whole borders on being one giant shit-hole.
On the issue of investments, I shed 140bps today, as the NASDAQ poleaxed into the afternoon session. I was not around to stem any tides or make trades to improve upon my position. I did, however, execute numerous crypto trades — all for extreme profit.
I bought a bunch of DOGECOIN before a shower and sold it after I came out for a $2k profit. I bought and sold XLM for +20k. I made coin in my core holdings — based around ETH now about $2,400. I had a massive trading position in ADA — booked a gain in that too. I am presently long a lot of MATIC — and I intend to book gains there as well. I’ve always hated the idea of certain alt-coins and recoil with embarrassment when hearing novices discuss their crypto ideas and strategies. Nonetheless, this is like how people used to talk during the stock market early days of the 1800s or early 1900s. No one knew what the fuck was going on, other than price. Eventually it all shit the bed and people FESTOONED themselves all over the pavements, amidst lost fortunes and shattered egos. I, however, do not value money too greatly. But I want to collect as much of it as I can.
There are many crypto gurus out there — but most of them are shit-tiered technical analysis retards who do YT livestreams discussing the next moves for Bitcoin and Cardano. I am here to tell you we are in a parabolic hyper-move in an asset class that is understood by none and the sky is the limit — but it’s all predicated around confidence. When that vigor dissipates, you will be left holding a horrible bag of flaming shit.
So take profits fast and do not be afraid to book losses, even though the HODL mantra has been something of a marvel when it comes to sage advice.
My concluding thoughts on cryptos is simple:
There isn’t a chance in hell BTC doesn’t bust thru $100k this year. At 30:1 ratio, ETH will be north of $3500. I suspect many of your alt-coins will be 100-300% higher. You will feeeeeel wealthy — but remember you can’t buy a wife in Decentraland and your kids’ college tuition cannot be paid with BTC.