Thanks johnarb, I like your positive attitude! Tsla is up 80% since its early January low, so why not crypto
I took a big loss on MSTR
and transferred all I had left to TSLA.
Is the crypto winter over?
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I took a big loss on MSTR
and transferred all I had left to TSLA.
Thanks johnarb, I like your positive attitude! Tsla is up 80% since its early January low, so why not crypto
I took a big loss on MSTR
If any company can pull off a super-app like the ones in Asia, with payment system (vs Apple Pay/Venmo), social media (Twitter vs Meta), gig economy (vs Uber/Doordash, Instacart) and possibly virtual banking/neo-bank (vs Mint, PayPal) I would think it'd be Tesla/Musk
Bitcoin is only 60% up from the low a few months ago, but it's not done yet. I think you should have kept your MSTR, but I still wish you good things for your move to Tesla
You did say crypto, and not bitcoin, so just a correction, I have several cryptos that have done much more than 100%, Fantom is up 180% since I got in I posted on my Crypto Macro thread from 20 cents to 57 cents right now, and instead of selling a portion, I'm still adding, has not had a meaningful dip
Spookyswap Boo went from $1.05 to $2.42 right now but I have trimmed the position and moved to a competitive dex called Equalizer DEX
A microcap crypto asset that has gone up from $1.45 when I first got in, it went to $3 and I doubled my position, it went to $6, and I added more, and it hit over $7 last night and I added more and now it's over $8
There's other crypto assets that have done very well, Aptos, Solana, since the beginning of the year...
To circle back to MSTR, I have call options on it expiring next Jan 2024, I paid $27k for the position, it went to over $50K last year before Powell ruined the party at Jacksonhole, position lost over 90% value saw it go as low as $2.6k
But I'm not worried, when bitcoin is over $50k some time this year, MSTR will be over $1,000/share and my position will be worth over $100k
I believe this is a bull market...
Most of holdings are in BTC and ETH. The rest is too insignificant to matter much. With MSTR it was tough to pull the plug but we were already deep red with crypto and seeing nothing positive on the horizon. TSLA was dropping as well but I took advantage of its split 3 for 1. So far this year MSTR is doing as well as TSLA so it ultimately doesn't make much of a difference, but I expect TSLA will continue long and may hit 300 this year.
LFG!
is that a completed candle on the daily?
if not,i would hope it doesnt look quite as ugly by completion but that was quite a fast drop just now.
It looks like that was a real short trade position (3 btc) @ $23,602, is that your fist real trade on bitcoin?
We had 1 whole year last year of bear market (crypto winter) where the correct trade is to sell all rallies
I think it's a bull market, during a bull market, we btfd, nfa of course
The good thing about cryptos bull market is during bitcoin dips, other crypto assets remain strong