Beyond Meat stock is hilarious, the funniest part is that people truly back their belief rather than facts and figures with their capital. GG's keep these NPCs spawning in and ill live free forever.
No wonder Zuck spends $50M a year on security, freedom of speech is being eradicated time and time again and there are people celebrating like fools. We are not enemies of each other, this allows for adversaries to take advantage. What a sad reminder of reality today has been.
That being said, the risk to reward ratio for shorting is not what it was when I entered my shorts, wait for moves up to enter and pay attention to policy changes.
As for Bitcoin, id expect ~ 45k -> ~ 70k -> 20-35k
All a rough estimate, maximum emotion for the investor.
I don't post often, but its worth mentioning, the environment we are in could be foreseen for at least a year prior. You must remove all emotion and not care about the amount you stand to lose or make
I still had skin in the game, but had sold all my crypto by the end of 2024 p1
As markets drop, risk on assets will suffer for prolonged periods. This will likely give a good opportunity to buy assets at a lower cost basis, my thought is that the consumer will want safety/stability and put money in fixed ROI or dividend paying assets. p2
Something to keep in mind, delinquencies in all payment types have been increasing for a few years.
Margin levels are at major highs and usually margin is used on the buy side by retail. I see a few posts being down 90% already which supports insane margin being used.
I only get emotional when my investments are up an unfathomable amount and some self-described "genius" tells me id be stupid not to buy now.. but im already up near 20x and the price is over 60x sales let alone profit... cannot justify this any longer I have patience.
@MartinShkreli With respect, when did you try to short? I've been shorting Pepe since late nov/early dec, its down ~65% all these dead memes will die further with time, just cant do it at a poor risk/reward price ranges if you shorted this week, even though its a shitty meme its a poor R:R
This year will be volatile.
From my dentist looking at memecoins mid appointment to the car dealer talking about investing in doge and xrp, top signals everywhere, markets are emotional. Keep winning fellas, crypto is a short, so are some major stocks rn. Hedge for your own sake.
I have been shorting memecoins and various other cryptos since around this time onwards and this has been very rewarding, be aware of top signals people.