Crypto Twitter can be a really scary place. Sometimes it’s like reading the National Enquirer. There are pictures, charts and “facts” sure look real, but who knows which portions of each story is real and which portions are pure speculation.
It’s a provocative piece written back in February 2018, but I don’t have a position yet on this. The only position I have at this point is 443 of them — BTC positions between $5.7k and $11.4k.
The good news for me is that as the price fell today (and the last couple days) I’ve been able to trade on the volatility through ATN. On Sunday I completed 135 trades where I purchased BTC low and sold it at a margin higher. 73 of those trades were shorts and 62 were “long” positions.
These 135 trades netted me 0.035% for the day (12.8% annualized). While I wait for the markets to bounce back, I’ll take another positive earning day.
I’ve been writing the last couple weeks about “boring,” “not much going on,” and even “depressed” crypto markets.
While it’s true to say the markets are not experiencing the same levels of growth and volatility they experienced in Q4 2017, they are experiencing more than enough pad my account with USD.
My previous posts (here, here, & here) have talked about 0.30% daily gains, or even as bad as 0.05% daily gains. When I put that in perspective, it’s 18% to 110% annual gains. Last time I checked my savings account, those gains crush the savings account gains I’m experiencing.
So in the spirit of having my mind blown, my ATN account realized an amazing 0.28% growth yesterday — 102% annualized. I’ll take that every single day and have a fantastic year.