YOLO in Crypto
Starting today and through 2024, I'll post a weekly update of my crypto adventure. Let's see how it goes.
21-12-2023 Update π
Dropped $400 in LTC today, the bags of other coins I bought last week.
Everything seems to indicate that this is the beginning of an extended bullrun till the elections. What is the game plan? Personally, I am all in. First time since 2020, that I have a net zero cash position.
Based on what there will be a bull run exactly? The Balck money to fight elections will would be bought in all by next month. After that the noose tightens. There is already a money supply contraction of 1 trillion dollars due to high interest rates. You can easily get 5% risk free interest from US treasury bonds. The biggest boom since COVID, the tech startups are all shutting down. So the question again, what is the reason for the bull market to continue further? And which sector will lead it?
Although charts say a lot, but I am still having dual thoughts in my mind.
The valuations are sort of disturbing currently with increasing SIP flows.
We're in a secular bull run. Not over a year / two. Over 2+ decades.
This'll run till we start tapering off growth at around USD 15 tn GDP.
There'll obviously be severe temporary drawdowns as with all repricing, but given that the economy is on a growth trajectory no point in looking at short term spikes.
*Individual stock picks are an aberration.
I completely agree. 20% of my portfolio is NiftyBees.
Starting today and through 2024, I'll post a weekly update of my crypto adventure. Let's see how it goes.
21-12-2023 Update π
Dropped $400 in LTC today, the bags of other coins I bought last week.
Had a chat with a legendary soonicorn founder yesterday evening and his take was that we are definitely not getting another bull run this decade.
I obviously think more optimistically and hopefully things will look up soon.
What do...
Weβll 100% see another bull run. Itβs just a question of when. Hopefully sooner rather than later, only a bull ...
People say you can't time the market but I am curious what is the junta on Grapevine thinking about investing in the current times.
Also where do I invest now? I have some 1L to invest that would not impact my current liquidity.
I wonder if buying Calls and Puts at the same strike price will work really well π€
Rounding up 2023, all of us learnt a ton. I'm sharing this one website which I found extremely interesting. It covers some fundamental mental models which would be helpful to many here.
Looking forward to what other Grapeviners π wer...
https://www.first1000.co/ How companies acquired their first 1000 users/customers! Basically Growth hacks