So, Tesla bought in.
Bitcoin is in price discovery and the whole world is watching. I don't feel like doing too much TA is useful at this point of the market cycle, at least for me. We'll probably see some sharp corrections to flush out over-leveraged traders, but I won't be trying to time the market anymore.
My conviction is that mid to long term we are going up. The trader hat is off and I'll be mostly a hodler for a while now, unless the market structure changes drastically. No stops for now...
I believe we have kicked off the real mania phase off this bull market. Feels like the fall of 2017, when Bitcoin was around $3000-$5000. That run was retail driven, this is institutional - so I could be completely wrong.
But I think we are hitting six figures this year, $100k being the bare minimum. It feels crazy to even say it.
And if that is to be the case, the best returns will be made by sitting on your hands.
Current exposure is 100%:
69% BTC, last buys around $43k
11% ADA, last buys $0.30
10% ETH last buys $1420
10% LINK last buys $15
I have no real fundamental thesis for any of the alts, I just want to have some exposure to the DeFi hype. Alts will be cut off pretty easily and sold to BTC, if they don't perform. Though they will likely start performing soon after that...
Price is at ~$46 600 while writing this.
I must say, I'm slightly scared of how confident I feel about this year.
Oh well, we are about to find out.
Bitcoin is in price discovery and the whole world is watching. I don't feel like doing too much TA is useful at this point of the market cycle, at least for me. We'll probably see some sharp corrections to flush out over-leveraged traders, but I won't be trying to time the market anymore.
My conviction is that mid to long term we are going up. The trader hat is off and I'll be mostly a hodler for a while now, unless the market structure changes drastically. No stops for now...
I believe we have kicked off the real mania phase off this bull market. Feels like the fall of 2017, when Bitcoin was around $3000-$5000. That run was retail driven, this is institutional - so I could be completely wrong.
But I think we are hitting six figures this year, $100k being the bare minimum. It feels crazy to even say it.
And if that is to be the case, the best returns will be made by sitting on your hands.
Current exposure is 100%:
69% BTC, last buys around $43k
11% ADA, last buys $0.30
10% ETH last buys $1420
10% LINK last buys $15
I have no real fundamental thesis for any of the alts, I just want to have some exposure to the DeFi hype. Alts will be cut off pretty easily and sold to BTC, if they don't perform. Though they will likely start performing soon after that...
Price is at ~$46 600 while writing this.
I must say, I'm slightly scared of how confident I feel about this year.
Oh well, we are about to find out.