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
23,417 Blog Posts

Cryptos Are Not Done Going Higher

In an effort to be transparent about my crypto holdings, I’ll disclose some brief thoughts.

I’m not really a fan of alt-coins but believe they will go higher due to the wave of bullishness in the space now. I do believe $BTC will rest at $75k, en route to $100k. Humans love to fixate on big round numbers. I own $BTC from $26,000s.

I also own $BITX (2x $BTC) in stock accounts.

The only other crypto that I own is Solana and I will keep buying it every month for the balance of 2024. I own it from the $60s and then high $120s and would buy here. I have it staked at $COIN for 5.01% APY.

I know many people hate cryptos and will never buy it and I’m not here to convince you otherwise, but to remind you that it is an asset, just like anything else. I am certain people loved Lehman and Bear before they collapsed to zero and I am sure many a scam stock rode waves in the past making people millions of dollars before ultimate demise. I used to harbor deep hatred for asset classes I was unfamiliar with, which is a form of cope for either missing out or some form of latent jealousy. We have one life to live and within that life we can ruin it in may different ways, chiefly by way of financial collapse.

I try my best and I never risk too much and hope that my instincts and choices lead to success.

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One comment

  1. flea

    Reading an amazing book right now:

    Reminiscences of a Stock Operator – by Edwin Lefèvre

    Have you read it, Fly? It seems to be you 100 years ago.

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