Investing General Discussion

Lightning Lord Rule

Il_Duce Lightning Lord Rule

Lightning Fast
<Charitable Administrator>
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Rangoth said:
As we all know nothing is guaranteed but that fact of never below the 50w line would be a trigger for me to buy calls. But other than ETFs on bitcoin I don’t really know how to do that directly and I have no desire to try and do so on some shady platform outside of IKBR/Fidelity
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MSTR is a decent but not perfect proxy for leveraged BTC.
 
Sanrith Descartes

Sanrith Descartes

Its all the Joos' fault. Am I doing this right?
<Gold Donor>
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Lightning Lord Rule said:
I think it's both. I also saw an infographic thing recently (so 100% accurate!) that says boomers have like 40% of the wealth of the US still.

I also think that the gold and silver increases lately are because the price (really the markets) for these 2 have been heavily manipulated for a loooong time. Oil as well. Now the methods of manipulation are failing and prices are rising on these types of commodities/assets across the board. I think it's going to be a bumpy road to get there, but we get $10K gold, $100 silver, and $200K BTC within 18 months.

Also check out copper and platinum and some of the rare earths for trading opportunities.
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I looked it up. Intarwebs is saying its still 51% for boomer wealth.
 
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Jysin

Jysin

Bronze Baronet of the Realm
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Synj said:
Still think it’s time to exit crypto?
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I’m not a big crypto investor, nor have I ever said head for the exits. I make my money comfortably in equities. No need for the risk. That said, Bitcoin has had some technical setups that I respect. Its adoption is too big to ignore. But I have simply traded it as a swing opportunity as a technical setup like any other momentum stock. My last trade was the $75-80 range and sold 110-120.

I don’t see any big conviction setup here. Wake me up when it convincingly breaks the 125 triple top.

Alt coins and margin led to this weekend’s bloodbath. Bitcoin was a (albeit quick) simple correction in the scheme of things.
 
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Fucker

Fucker

Log Wizard
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G3BSajObwAIcJZG.jpg
 
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Rangoth

Rangoth

Vyemm Raider
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Lightning Lord Rule said:
MSTR is a decent but not perfect proxy for leveraged BTC.
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I have wheeled that a few times, think I even posted it, but it tends to be a bit meme style for me, or at least it was. It's mNAV has been dropping solidly for quite some time so before I go in for real or long term on that I am waiting to see how it flushes out. My best "true bitcoin" exposure outside of actual bitcoin has been FBTC/BITO. Both are up big and both are long term holds. FBTC for the close as can be exposure to bitcoin and BITO for the monthly dividend which has been significant without major nav erosion.
 
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