iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,473 Blog Posts

Conviction Trade: Keep Buying Ethereum

I was pleasantly surprised to see EQOS thru the roof this morning. Having a 10% weighted position truly helped me feeeeeel better about myself. I booked a 23% profit and closed the book. I’m now 85% cash and watching.

The big story is crypto: BTC 23k, ETH 666.

I’ve been buying ETH every month like it was a very expensive bill. I’d like to say I got lucky, but I didn’t. I knew it was going up, just how I know it still is going up. Whether it drops today or tomorrow is immaterial. For me,it’s about where it’ll be in 2023, which is inexorably higher.

Perhaps only $1,400, perhaps more. The point here is to hedge against your fiat son and don’t bother trading it for the next two years.

The United Steaks has a lot of printing to do in the months and years ahead. I suspect we’ll be discussing this in greater detail throughout 2021.

If you enjoy the content at iBankCoin, please follow us on Twitter

3 comments

  1. itsgold

    ETH Futures will be traded on the CME come February.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. alty

    Much better advice is to borrow as much on a house as someone will loan you at 2.5%. Jumbos are being given away like candy.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  3. CoinSpeak

    BSV is doing same or greater number of daily transactions and has full fledged smart contracts and much more.

    Keep an equal or heavier weight in BSV. Thank me later.

    Yes, I’m well aware the BTCBSV ratio is shit. Prime time to rebalance.

    • 0
    • 0
    • 0 Deem this to be "Fake News"