Summary of InvestAnswer's Posts 📈 20 Dec 23 (Patreon)

Date: 20 December 2023 - thanks Josh

Solana and Ecosystem:

Osprey Trust Surge:

The Osprey Solana Trust has exhibited remarkable growth, reflecting heightened interest from major institutions seeking exposure to Solana. OSOL has surged by an impressive 900% in the last 90 days. 1200% in 120 days. 

Price Predictions Validated:

IA's foresight shines as he accurately forecasted SOL's ascent to $80 this week, a milestone achieved just 24 hours after his initial projection. He did not expect $95 to happen 24 hrs later. 

Strategic Trades:

Having initially acquired a substantial amount of SOL at $8, IA strategically augmented his holdings, effectively halving his cost basis. IA's current SOL cost basis stands below $20.

Altcoin Strategy: IA advises against going all in on ALTS - although he is now over 50% SOL in his Crypto.  Alts are far riskier than BTC.  

Tesla:

Automation Outlook:

IA expresses concern about the aggressive nature of unions.  TSLA's urgency in automating processes aligns with this vision and humans need to focus on things that Bots cannot do. He always stressed that. Focus on Creativity! 

IA predicts the demise of VW, GM, FORD, and Stellantis due to unions, attributing their fate to straightforward mathematical reasoning. This will happen over the next 5-8 years. They will have to shrink to survive thus the irony of unions protecting workers. 

Bitcoin: ETF is all but confirmed per IA.  The BTC ETF is a done deal.

Mining Projections:

IA suggests that miners may grow substantially more than pureform BTC during this cycle. That factor could be 3 to 6x. ie if BTC doubles a miner could 6 to 12x. 

IA Sale of ETH to CIFR

IA sold portion of ETH - he has only a tiny position left.  IA has a thesis that miners could do a 6x this cycle, and ETH is unlikely to 6x. That is why he swapped ETH for CIFR today. His CIFR BULL price target is $13. 

Trading:

SOL ALTS Strategy:

IA employs trend analysis and IADSS and ATR for seamless swaps within the SOL ecosystem, recommending a neutral setting.  He got signals on selling PYTH for RAY yesterday. 

CIFR Investment:

IA initiates a significant CIFR position by exchanging his ETH holdings. CIFR ranked second on his Miner Model but he did not jump in for fear a major shareholder would dump.  Then CIFR said they would increase Hash by 7 EH.  That changed his calculus. 

Portfolio Allocations: When asked, in a hypothetical scenario of radical reallocation, - balls to the wall, IA would swap 100% of his ETH for miners and SOL.  NFA - DO NOT DO THIS! He will always answer questions honestly and some may find answers offensive. 

Notable Market Moves

Crypto

BTC up 1.6%

ETH down 1.4%

SOL up 5.4%

Stocks

SPY down 1.5%

TSLA down 4%

CIFR up 6%