It’s an interesting proposition. All of those days till Monday and people sloshing around with their money and nothing to do. Why not buy a billion dollars worth of Bitcoin? It’s easy to do and it goes up often.
I am long $BTC-$SOL and will keep those positions intact until I foresee a crescendo top — a waterfall of cantankerous propositions coming down on the proletariat to steal all of their coins. Unlike yours, my coins can never be stolen.
As for markets, I opened up down 60bps, so I closed the screen and didn’t bother to think about the market until after 11am and then found myself, much to my delight, +40bps. I have since sold everything, bought some $BITX and $SQQQ for the afternoon drift.
I have been trading defensively for weeks now, as I am risk averse and do not like to lose money. My gains are approaching 5% for the month, +14% for the year. My quant, which is allocated monthly, is +11% YTD and my best ideas long term strategy is +10.7%.
Sirs — I am a professional, never tricked or fooled, always on a prowl in search of meat — hunting till dusk by chasing about the weak.
More later.
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