Elon Must has been on a crusade this weekend to disparage bitcoin. 

First it was about the climate impact (even though his private jet and space rockets use a lot of fossil fuel):

Tesla & Bitcoin pic.twitter.com/YSswJmVZhP

— Elon Musk (@elonmusk) May 12, 2021

To be clear, I strongly believe in crypto, but it can’t drive a massive increase in fossil fuel use, especially coal

— Elon Musk (@elonmusk) May 13, 2021

Then it was about about pumping Doge more and making crazy claims:

Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down.

— Elon Musk (@elonmusk) May 16, 2021

And finally making fun of Michael Saylor:

He should wear outfit for Halloween, but with “Bitcoin” tattooed high on thighs

— Elon Musk (@elonmusk) May 16, 2021

I read an argument that if one man can have such a huge effect on the crypto market (so far down 20% overall), then crypto isn't yet ready for mass adoption; I tend to agree here. The power of crypto is that no one single person or entity can affect it -- either positively or negatively -- and Elon, whether you agree or disagree with him, has shown the crypto market is still very delicate.

As a follow-up to my previous post, here are the results:

Closing day (4/14) reference price: $328.28 -- since it's a direct listing there's no "IPO price"

One week later (4/21): $311.92 (down 5%)

One month later (5/14): $258.37(down 21%)

Boy, was I so wrong!

It took me a Google search and a YouTube video to find out how to withdraw my USD from Coinbase into my bank account. Did anyone else find this unnecessarily burdensome? Gemini makes it so much easier and clearer. I feel that Coinbase intentionally makes it difficult to withdraw funds to keep users locked into the account.

The reddit founder, Alexis Ohanian, recently changed his Twitter handle to reflect a pretty cool .eth web address.

You can register your own .eth domain too, but the gas fee right now is over $200 for a $5/year domain name. 

This seems either the beginning of the .com domain names or the AOL keywords fad. What do you think this will be in 5 years? 10 years?

I use a variety of ways to track my crypto portfolio, including using the built-in tools from CoinMarketCap and CoinGecko. I tend to find the latter a bit more accurate since it includes the transaction fee in your total returns, whereas CoinMarketCap does not.

Separately, I keep track (and ensure the accuracy of the online portfolios) using Excel. I recently created my own Excel spreadsheet tracker which I intend to share in the near future once I have all the features built. It's quite a low maintenance tracker and all I need to do is enter my transactions manually (e.g., buy or sell) and the spreadsheet handles all the updating and tracking for me, including calculating my gains and losses versus the market price. This is accomplished by accessing the CoinMarketCap API (free for personal use). 

There's an excellent HOWTO guide on linking the API to Excel here. 

How do you track your portfolio? Let me know in the comments below.