IA Daily Digest 25-27 Feb 2024 (Patreon)

Summary of InvestAnswer's Posts (25 February 2024 - 27 February 2024)

Bitcoin

• Miner Toxicity: InvestAnswer observed toxicity among BTC miner holders, not too different from Crypto Cults. 
• MSTR Surge: On 2/26, MSTR's price increased significantly, with Wall Street seeing it as a call option on BTC's future. InvestAnswer reported making 4-5 years' worth of salary when he worked in a single day due to MSTR's performance.  We can all do this he urges. 
• Technical Analysis vs. Fundamental Analysis: Emphasized the challenges of BTC technical analysis over fundamental analysis, noting missed opportunities by focusing solely on TA. TA is for when, FA is for what.

Solana and Alts

• Portfolio: 75% of InvestAnswer's SOLALT portfolio is in NOS, WHALES, and FLUXB.
• L2s: IA got validation from Vitalik on the limited utility of L2s.

Tesla

• Cybertruck Popularity: Celebrities seen driving cybertrucks, debunking concerns about cyber rust and fingerprints.
• Gigafactory Mexico: Construction set to commence next week.
• Top Safety Pick: Tesla Model Y received the 2024 IIHS TOP SAFETY PICK+ award, noting a tiny shift in slightly more positive media sentiment towards Elon Musk.
• IA still is stunned how so called Tesla competition is folding and soon Tesla and BYD will be the only real BEV games in town. 
• The BOTS are coming and this will be the single biggest investing oppty mankind has every witnessed. 

Trading and Investing

• Lifestyle and Goals: InvestAnswer trades for the thrill, he lives a very modest lifestyle and plans to leave a legacy
• PANW and BABA: These are 2 VERY SMALL positions.... IS sometimes drops a trap in some obscrure names that are very oversold as he senses the risk is worth the return.  He did this on $SE for example at $40 and it is now at $55. 

Macro

• Housing Market: Noted that Boomers staying in their homes for longer periods is stabilizing inventory levels, with nearly 40% residing in their homes for at least 20 years.

Bloomberg

IA heard from David Weisenberg that Jamie Coutts got Cut from Bloomberg.  Bloomberg are retrenching away from #Bitcoin and focusing more on Gold.  Rumor has it permabear Mike McGloom (McGlone) was also told to talk less about BTC and more about GOLD.  Shows you how rigged the system is.  IA is and always was very anti Gold.  He cites no return on the asset over 50 years when you div M2 growth.