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Daily Digest: Summary of InvestAnswer's Posts (6 December 2023) 📈

Bitcoin Analysis:

  • Investment Strategies: Considering buying more BTC at 42k. Holding positions in MSTR, TSLA, and SOL. Eyeing new SOL projects like JUP.
  • Market Updates: Observing a market cooldown. Notable hedging is happening with BTC given data he sees - they are not shorting but hedging against BTC drops. Despite that IA sees Strong performance in SOL and its ecosystem and a rotation into Alts incl ETH. 
  • Social Media Trends: BTC faces criticism, notably from Jamie Dimon, E Warren citing its use in illegal activities. They are so clueless. Banks and Cash are used for crime. Crypto too easy to trace. 
  • Macro Viewpoint: Emphasizing the global scope of crypto, beyond U.S. influence.

Bitcoin Miners Insight:

  • Company Insights: BITF's future hinges on financing for new rigs; recently raised $44 million.
  • Price Targets: Conservative target for BITF at $2.35, dependent on hashing performance.
  • IA Hedge: Half of IA's BITF is hedged - BEPt is 1.75 - if BITF returns to 1.75 he will buy back the calls he sold short. 

Solana (SOL) Focus:

  • Portfolio Updates: SOL holdings nearly double ETH; considering swapping some ETH by year-end. Waiting for opportune time. Needs ETH to spike. 
  • Sentiment Analysis: Comparing current SOL sentiment to Tesla's in 2017-2019.
  • ETF Predictions: Anticipating a SOL ETF, influenced by Blackrock and SEC dynamics. Could be 2025. 

Tesla Overview:

  • Valuation Model: Bullish on Tesla's future with Bots and Robotaxis. New model is unreal.  IA is going to run thru it with Herbert Ong Dec 7, 2023. 
  • Personal Experience: Positive feedback on Model X's performance and charging capabilities. IA's X has had ZERO maintenance in 5 years and 50K miles. Costs $4 to fill it up.  Takes 18 mins to charge it 80%.  Range has increased since he purchased it - not degraded.  The tech is mind blowing and reliability like nothing he has ever experienced. Few get this. TCO is ZERO almost. 
  • Cybertruck: Touted as superior to competitors in every way.  Trad ICE truck industry is in shock.
  • Media Critique: Countering CNBC's views on Tesla's product evolution and EV sales trends. MSM and so called Stock Analysts are beyond clueless - they clearly have an axe to grind. 

Trading Strategies:

  • Returns: IA has extreme confidence with the right tools anyone can outperforming asset managers and index funds with our tools, tailored options and investment strategies. I saw this on another discussion board! 

  • Artificial Intelligence Investments: Interest in investing in Elon Musk’s xAI equity.

Notable Market Movements:

  • Crypto: SOL up by 1.4%.
  • Stocks: MSTR down 1.7%, ENPH down 3%, NVDA down 2.6%.


Comments

Anonymous

Claims without source is not exactly creditable.

Anonymous

2.35 BITF!