Re << Are we going to hit the 50% pull back? 32,500 roughly >>
Sure looks it.
Let us see how much gold rises as either a result or a coincidence.
The trend should point up once Elon Must and Michael Saylor jointly decide they have had enough of the argument about whether DOGE is superior to BTC, and
… when Michael Saylor and Frank Giustra agree that BTC and gold are fundamentally different, for the former is a metaversal mathematical construct and the latter is an universal hard asset constant. Both good but different.
The current cratering allegedly triggered by Elon should be celebrated for it allows those of truth faith to engage with more crypto faster, and those lacking faith a reason to get out and stay out.
At this juncture, as in today-tomorrow, Elon and Michael must deliberate with their respective boards on whether and if so how many of their BTCs are put up for at-the-bid disposal.
I believe Tesla’s Director / Officer Liability Insurance is self-insured by Elon, and Michael’s MicroStrategy is carrying considerable convertible debt to carry its BTC hoard. Both might be problematic.
Exciting times.
CSPR is certainly swept up in the tsunami, along with everything else, so, can take in air and dive under the waves, and close eyes, holding knees close to chest, roll with it, or, panic-sell (given stake size of Option #3, arguably an okay trade) to possibly buy back later.
I acquired some CSPRs on the open market and am timing buy more even as I watch the macro storm doing damage.
All a matter of allocation size and portfolio.
If one does not have enough of whatever crypto, look to buy more. Should one be uncomfortably loaded with too much, unload 1/3 - 1/2 and see. Closing eyes and ignore the macro might work. Cowering in cash and never getting back in probably not a good strategy. If do not have any gold / gold mining shares, but too much crypto, consider a balance.
Am wondering what the effect of the storm on Ethereum mining might be, if any. |
