Welp!, that time of year here, where everybody that knows where you live in the
Caribbean suddenly becomes your BFF, and would the weekend of Dec. 5th be a
good time to come and maybe stay some? … or maybe a lot? … or maybe never
leave? … and after the disastrous Thanksgiving Holiday enjoyed by most cuz of
idiot POLS & Apparatchiks the world over, I got relatives I’ve never seen before!
… and that means the hacienda is gonna be “limit up”, most likely ‘till Spring
… but, if I sing Christmas carols all day & night?
I thought earlier checking the numbers that they sounded a little high, and sure
enough they were … used the wrong weekend to calculate when “The Syndicate”
received most of our participants BTC in an earlier blog post … fact is, when I
started BTCUSD was right about at $16,000 … we cashed out on Friday at
$19,200 + a few pennies, not cuz I’m bearish on BTCUSD, simply cuz of 2 reasons
and 2 ONLY … 1) BTCUSD has become untradeable as a “market maker” [LP],
and the price rise has made “taker” [market] fees very high, and 2) in order to
trade Ripple [XTPUSD], we are required to have balances in USDT [Tether Dollar
Coin] and can’t use BTCUSD.
So for “The Syndicate”, we started with a NAV = 1.0000, and after the switch on
Friday, and then some trades in XRP which I reported on Friday’s blog, this
week’s starting NAV = 1.2187 … and simply, this means that since the inception
of “The Syndicate”, and funds hit our wallet, we’re up 21.87% … from here going
forward, this is how I’ll report our progress.
For the PAMM / MAM at Turnkey, we’ll start trading Bitcoin tomorrow … should
have started Friday, but I forgot it was “NFP Stupidity Day”, and this is a day I
detest … most markets have very lousy trading action on this day, so why should
crypto be any different?
… outta here, got relatives to greet! … full steam ahead! … Onward & Upward!!
-vegas
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