I wonder how this guy feels everyday. His 1,700 bitcoins would be worth > 100M today. And he sold them for 500 bucks.
who is knox again? was trying to find him on Twitter
Who is the that keep buying COIN while I am deciding which stocks to sell?
Knox Ridley is boyfriend of @manch’s girlfriend, Beth. His title is Portfolio Manager of I/O fund.
If you miss it, just wait for the next supercycle 4 years from now (prob start accumulating in about 2-3 years on every hard dips).
I like this sell signal. Clean and simple.
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Not buying crypto. Need to go out, so bit the bullet, sell some of favorites, added 50% more holdings to COIN. The intent is to up by 500%. Will wait a few days to see (hopefully), price comes down a bit. People are so smart and well read, the uber bullish moment is immediately recognized.
I think we’ll see a bit of correction and downside after the ETF launch tomorrow.
The EFT is for futures contracts. Not like buying actual Bitcoins.
Correct. I might use it to hedge/trade. GBTC also applied for ETF and that’s a real thing.
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Regrettably, only has 100 shares of COIN.
Looks like it will have its support around 300 level and might even test ATH at 420 range this year but there are some risks as more ETFs get approved. Having said that, they will have to diversify fast. Enterprise level wallet, white label solution, nft, platform services, etc. At $63b market cap, it’s a bargain IMO. Maybe if they execute it right, it can bee a $500bil market cap by next super-cycle in 2024/2025.
I have managed to sell some shares of other companies today… wait for COIN to pull back… when will it happen? I can’t be FOMO chasing… may be I should? Josh said so.
I have enough for now. I think indexes will correct soon and maybe I buy more on the correction/dip. I would like to add more GBTC in my retirement account (the thought has crossed my mind to go all-in in my IRA) but I will wait until next bear cycle to start. It’s the only spot fund (not future) you can buy and it’s severely underpriced by 20% or so. It should normalize as bitcoin breaks into the ath imo.
https://ycharts.com/companies/GBTC/discount_or_premium_to_nav
Update: Added more COINs around $301/302 and option call for Jan $400 target
Is it worth buying a little BTC at current levels ($60k + price)?
I would wait until it passes 64/65k (especially after the daily close). If not, wait for the pullback. Long term, I think it’s ok to buy as long as you understand it can pullback 50%+.