I've been writing too much this week, so do expect to see a lot of content coming out over the next few days.
I'm just going to give a short update on my crypto adventures.
Days ago, I told myself that when ETH-USD hits $4,000 I will liquidate my 2x leveraged holdings in ETH and convert my money to fiat. I intend to take a break from crypto and maybe get back next time with around $20,000 of funds. The reason is that due to gas fees, I need my crypto positions to be more meaningful.
Maybe I don't know what I was doing, but you might think that having a x2 ETH position should be profitable but based on my experience, the gas fees make speculation pointless unless you have a decent amount of capital. I was told, in hindsight, that I should trade during afternoon Singapore time.
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