Portfolios Update 2020-12-31

Interim Market updates will only be posted here from now on
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Eric
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Portfolios Update 2020-12-31

Post by Eric »

...you might have 100 bucks. Now the currency is deflated, but because you put your money in the right investments, your 100 dollars grew to 1000 dollars. Let’s say that the current devaluation means that you would need to 200 bucks today to equal the 100 bucks you had yesterday, but instead, you have 1000 dollars.
Lets hope we can 10x in 2021! Eric needs a new car! :D

Rest in pieces Genny, you were the nicest car I ever had.

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-FOMOing in is how the masses loose their asses.
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-Misinformation: noun, information that is true and correct and might lead people towards freedom and autonomy instead of tyranny and slavery.
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Re: Portfolios Update 2020-12-31

Post by Yodean »

Eric wrote: Fri Jan 01, 2021 4:42 pm
...you might have 100 bucks. Now the currency is deflated, but because you put your money in the right investments, your 100 dollars grew to 1000 dollars. Let’s say that the current devaluation means that you would need to 200 bucks today to equal the 100 bucks you had yesterday, but instead, you have 1000 dollars.
Lets hope we can 10x in 2021! Eric needs a new car! :D

Rest in pieces Genny, you were the nicest car I ever had.

Image
Oy vei, hopefully no "body-mind" was hurt. :o
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Eric
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Re: Portfolios Update 2020-12-31

Post by Eric »

The only "hurt" is to my style... Apparently to Enterprise Rent-A-Car saying "I want a 'Large Sedan'." means "Minivan".
-FOMOing in is how the masses loose their asses.
-"forget bitcoin, focus on your balls......." -Stefk
-Misinformation: noun, information that is true and correct and might lead people towards freedom and autonomy instead of tyranny and slavery.
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Re: Portfolios Update 2020-12-31

Post by spasovid »

Hello, this is my first post on this forum.

I have a question concerning Grayscale Bitcoin Trust (GBTC). For the latest update, it says to "close the remaining half of the position when bitcoin tests the 30.3K to 31.2K ranges."

Given that bitcoin is in the 33K range at this time, what should those of us in this position do?

Very curious as to where Sol feels the tradable peak of bitcoin (GBTC) is as it currently feels like there's overwhelming bullish sentiment for bitcoin.

Thanks in advance.
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Re: Portfolios Update 2020-12-31

Post by Budge »

spasovid wrote: Mon Jan 04, 2021 3:09 am Hello, this is my first post on this forum.

I have a question concerning Grayscale Bitcoin Trust (GBTC). For the latest update, it says to "close the remaining half of the position when bitcoin tests the 30.3K to 31.2K ranges."

Given that bitcoin is in the 33K range at this time, what should those of us in this position do?

Very curious as to where Sol feels the tradable peak of bitcoin (GBTC) is as it currently feels like there's overwhelming bullish sentiment for bitcoin.

Thanks in advance.
Welcome.

I will be selling my last holdings of GBTC tomorrow and I will be raising a glass to Sol in thanks for the profit he has given me. GBTC may continue to surge much higher but stocks that rise exponentially drop exponentially. Best have cash available for the next move.
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Re: Portfolios Update 2020-12-31

Post by AstuteShift »

spasovid wrote: Mon Jan 04, 2021 3:09 am Hello, this is my first post on this forum.

I have a question concerning Grayscale Bitcoin Trust (GBTC). For the latest update, it says to "close the remaining half of the position when bitcoin tests the 30.3K to 31.2K ranges."

Given that bitcoin is in the 33K range at this time, what should those of us in this position do?

Very curious as to where Sol feels the tradable peak of bitcoin (GBTC) is as it currently feels like there's overwhelming bullish sentiment for bitcoin.

Thanks in advance.
Just sell when the market opens. Celebrate the profit and let the masses chase
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SOL
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Re: Portfolios Update 2020-12-31

Post by SOL »

For those looking to expand their knowledge of MP remember this simple Phrase


The masses always worry about banking profits, but seldom worry about booking losses. That's why they buy high and sell low
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply

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Re: Portfolios Update 2020-12-31

Post by Eric »

SOL wrote: Mon Jan 04, 2021 11:37 am The masses always worry about banking profits, but seldom worry about booking losses. That's why they buy high and sell low
That would be a good signature.
-FOMOing in is how the masses loose their asses.
-"forget bitcoin, focus on your balls......." -Stefk
-Misinformation: noun, information that is true and correct and might lead people towards freedom and autonomy instead of tyranny and slavery.
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Re: Portfolios Update 2020-12-31

Post by AstuteShift »

SOL wrote: Mon Jan 04, 2021 11:37 am For those looking to expand their knowledge of MP remember this simple Phrase


The masses always worry about banking profits, but seldom worry about booking losses. That's why they buy high and sell low
I think some get confused since some buy high and sell higher, however people forget that when sentiment is high then risk is higher as well. Banking profits is always key but also making sure the losses are minimal as well
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Re: Portfolios Update 2020-12-31

Post by spasovid »

Thanks for all of the advice. Will do. Due to subscribing to Tactical Investor, I always look at banking profits keeping MP in mind.
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Re: Portfolios Update 2020-12-31

Post by MarkD »

And just like that, Alphabet has a rebellion on their hands.

https://www.foxbusiness.com/technology/ ... oyee-union

It appears Big Tech has as many enemies inside as out. From personal experience, once you lose your team it's hard to lead. You can still be big and profitable but in the real world nimble and quick gets things done.
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