@ClawMachine84@ardizor It’s quite possible it does but I would not bet the bank on it. We are going into euphoria, when interest rates rise BTC collapses. Copium is at all time highs.
I personally am sitting it out until December - Next February. Blood for the blood god.
@pokebaume@Gubloinvestor Down 50% across the board so far. Expats are fleeing still. My company has offices in the region and the government declared a work from home status until December. So it’s not looking bueno from an economic standpoint.
@katyXBT Waiting for the inevitable bottoming which happens between 380-440 days into the cycle… October - December.
I sold last October as I do every 4 year cycle. 3 up, 1 down bad.
Been through this 3 times already. I always sell on the 3rd year, Oct 1st or Nov 1st. 50-50 split.
@zenkaixbt Pre-calling the normal 380-440 day draw down of 90-75% in the last few cycle that were clockwork…
Bold strategy. I’ll sit out until it hits 25-35k
Been through this 3 times. Drawdowns are less each time but the cycle continues. We are only at 50% right now.
@30andawakeup None as I see people bidding 25-50% up on 6k + shares already providing excellent liquidity for all the hedge funds and family offices who got in at 10-35$ a share.
@placigyunv6567@optionscjp Exactly what I did. I bought Nov 20 Calls for 320 on Friday for 23$… It shot to 323 by Tuesday night.
The calls went from 23-95$, 413% gain on a 5 contract position. That kind of shit made me fully reposition to defensive.
I’m sitting out for now. This isn’t normal.
@Mapago9 $NU already has 130M Brazilian clients, 15M in Mexico. Opened a Bank in the US which is where their new CFO is based out of. They are currently growing at 42% CAGR and are already a 60B USD company.
Earnings are exploding upwards. It’ll be a headwind for SOFI.
@ChizaramNelo The worst part is the speculation valuing companies 100-200 years into the future. Semiconductor stocks now make up 40% of the Nasdaq and are showing no sign of retreat. Dotcom had the internet valued at 40% before it popped overnight.
Only a handful of companies will win.