Summary of InvestAnswer's Posts 6 - 8 January 2024 📈 (Patreon)

Summary of InvestAnswer's Posts 6 - 8 January 2024 📈 

Thanks Josh

Bitcoin ETF Approval:

Anticipation surrounds the potential approval of the ETF this Wednesday.

Potential Pullback:

Dismissing the sell-the-news sentiment, IA discredits the notion of BTC plummeting to 36k.

MSTR:

Emphasizes the simplicity of MSTR's strategy, issuing shares to acquire bitcoin, cautioning against overthinking. Expects double whammy sell off between ETF news and Saylor selling shares. 

Halving:

Countdown begins with 100 days until the next BTC halving event.

Custodians:

COIN identified as the primary custodian for ETF applicants.

CLSK:

Reports CLSK's plans to scale to 50 EHs following a recent shelf offering.

Solana and Ecosystem Staking:

IA opts not to stake SOL ecosystem plays to facilitate seamless trading and swapping.

Portfolio:

Reveals IA's current SOLALT portfolio.

Nosana:

Highlights the upward trajectory of Nosana.  IA Feels underweight $NOS

Saga Phone:

Activates the saga phone, receiving $700 in airdrops.  Total value now is $800

Ethereum vs SOL:

Expresses skepticism regarding ETH to outperform SOL. Advising against swapping SOL for ETH.

Trades:

Acquires LFNTY by swapping SOL, emphasizing the impact even a small investment can have on micro alt coins.

Long Trade in SOL:

Initiates a 3.3x long trade in SOL, acknowledging he is not at risk of liquidation unless SOL hits $61.

Mag 7:

Defines the Magnificent 7 as 3-4 players who have slow growth (AAPL no growth), emphasizing the significance of AI pure plays in NVDA and TSLA. IA maintains that 40-60% of the SP500 are zombies that will not make it over the next decade.  AI is a force that will shake the foundation of these zombie companies. 

Daily Routine:

IA shares insights into his daily routine which was requested by a community member. He had shared it previously in response to a Sunday Q&A Q.