IA Daily Digest 23-24 Feb 2024 (Patreon)

Summary of InvestAnswer's Posts

Date: 23 February 2024  - 24 February 2024 📈

BITCOIN REMINDER

We are early in this bull run.  This is not the time to take profit.  We have a LONG way to go

Crypto:

Render: Render has surged by over 300% in the past few months.

⁠solana-alts⁠

Staking: Initially skeptical of staking and yields in the last cycle, IA now expresses increased confidence in SOL staking for this cycle. The money he makes from Staking is breathtaking... he even made a video on the power of Staking and Compounding 10 weeks ago 

Trading and Investing:

Motivation: IA's motivation stems from his commitment to aiding others, driving him to maintain high standards for himself despite the pressure.

Answer

Portfolio Allocations: In response to a member's inquiry, IA advises slowly reducing ETH exposure in their portfolio if they have a heavy concentration.  IA currently has about 8% ETH and is holding out for DENCUN and SPOT ETF then will layer out on pops into the Consense Trade ie SOL and SOL Alts.

⁠portfolio-risk-management⁠

Nailing Bottoms: IA successfully identified the bottom of META and MSTR, adhering to a strategy of nibbling on the way down and then layering in hard.  How did he nail the Bottom of JUPITER last week at 46cents?

"I watched Jupiter since Launch and was waiting for the selling to subside.  Once that occurred, together with IADSS I found that 46 cents was the target and dangled a LO there for it.  It hit - since then JUP is now up 38% in less than a week

⁠bitcoin⁠

Building a Portfolio: IA suggests a portfolio comprising BTC, Tesla, Bitcoin Miners, SOL, SOLAlts and Bitcoin ETFs (if you do not prefer self custody), cautioning against investing in NVDA at current valuations. 

Sstocks⁠

Selling NVDA: IA does not regret selling 80% of NVDA holdings, having rotated a portion into CLSK at $6, which has since risen to $16.

SOLALTS Lifinity

IA advised a member who was frustrated that LIFINITY has not moved much lately.  IA said wait, they all pop plus LIFINITY does 13% of JUP volume.  Today it popped