A hedge fund manager who runs circa $100m set up a ecommerce site to diligence Shopify.
He spends one hour per month on it now & it is currently doing $30k in monthly revenue at 30% free cash flow margin.
Love it. One way to defray a funds startup costs.
(He is on Twitter).
Unfortunately, sometimes the assets you are forced to sell are also being forced to be liquidated by others and a vicious cycle can commence.
When there is leverage involved things can get out of hand in a hurry and that is exactly what happened to #Bitcoin today...
BREAKING: There are multiple members of Congress that are now self-quarantining themselves because of fear that they may have contracted the coronavirus.
My guess is that there will be many more in coming weeks.
Or along side a risk asset.
Both in a clear uptrend.
Seems like a pause before continuation up.
Market structure alone is more bullish than bearish.
A simple yet powerful fundamental concept.
BTC CME vs SPX
I hope all of you have a proper stack of mango claw for the game and the Asia open.
Did we just land or is this the runway for takeoff?
Stay safe and good luck.
#perspective
first 30 days of 2020
$TSLA $418 to $650 | + 55%
$BYND $76 to $117 | +53%
$BTC $7170 to $9500 | +32%
electric cars made by tony stark aka @elonmusk. fake meat that bleeds. magical internet money.
i'm so excited for this year!
1/ What are you doing @nathanielpopper@nytimes?
Opening sentence reads, "The last few months have not been good for #Bitcoin. The value of the digital tokens has steadily dropped (1/28/20)." In reality:
1-month: up 40%
3-months: flat
1-year: up ~3x
https://t.co/jymkIR3nzg
Bitcoin is best performing asset class YTD +26%... demand for "safe haven" is boosting Bitcoin and arguably, #Bitcoin is seen as a better "safe haven" than $Gold #gold
- Gold is up a decent 3% vs a whopping 26% for Bitcoin
@billxing_panda is participating a show and we are going live on YouTube to talk about crypto markets soon:
Search for #LiquidLunchTV and ask your questions 😊😊😊
@PaperStProjects The information I'm learning about our speakers has caused many questions to come to mind. I suggest everyone familiarize themselves with the work of @ozsultan@PeterBorovykh@quadency@PandaAnalytics.
Play your cards right and you may get an opportunity to pick their brains.