IA Daily Digest (July 3-8, 2024) (Patreon)

Summary of InvestAnswer's Posts (thanks, Josh, for collecting)

Date: 3 July 2024 - 5 July 2024

• Tesla:

  • FSD:

  Whole Mars Catalog writes this week Tesla will launch the most disruptive productive product in the company’s history. They will launch hands free self-driving on city streets and highways. Then in 1 month, they unveil Cybercab. ⁠

  • LILO:

  IA suggests $236 as a potential level to buy more TSLA, but IA believes there is a slim chance we hit it. ⁠

  • ATR:

  Tesla is a $400 stock. This will happen when Wall St figure out the earnings power, what FSD is, bot, megapack, autobidder - it should be a 4 digit stock. ⁠

  • Potential Path:

  TSLA may run up to t 8/8 even as high as $300, and could sell off after. ⁠ Rem re we are up 93% in 53 days.

  • Crypto Rotation:

  IA will sell his much of his crypto for TSLA at the peak of the BTC cycle. The percentage will depend on the new model. https://community.investanswers.io/t/where-to-place-money-after-sell-out-at-peak-of-cycle/46588/42 .

• Bitcoin:

  • SOL vs BTC:

  IA sees past the current headwinds for BTC, but still believes SOL has more upside. If he buys more crypto it will be SOL. ⁠

  • BTC Dump:

  The BTC dump is attributed to governments dumping and Mount Gox. This is not a bear market, but instead it is a perfect shit storm. ⁠

  • TABI Model:

  The TABI model indicates we are not in a bear market, but instead half way through the bull market. ⁠

  • BTC Top:

  IA still believes we will hit 100-120k. https://community.investanswers.io/t/can-we-ever-win-against-the-big-players/46665/17 Trading and Investing:

  • Cash Allocation:

  IA is about 13-14% cash currently.

  • CLSK:

  IA spent 10% of his cash position on CLSK

  • Brokerages:

  IA uses Fidelity and Robinhood currently to trade tax free.

Date: 5 July 2024 - 8 July 2024 

• Bitcoin:

  • Mt. Gox:

  IA is not concerned about Mt Gox. distributions as he cannot tell how many will sell or how long it will take. He estimates it may take 3 years for full distribution to happen, and assuming half will sell - the ETFs and Mr. 100 will consume the BTC in 7 days alone. ⁠

  • Wholecoiners:

  On this BTC pullback, the community has made 6 new whole coiners.

  • Currency Debasement:

  BTC continues to gain value against goods, while the dollar loses value against goods due to inflation. ⁠

  • 200 DMA:

  It is rare in a bull run we go under the 200 DMA. These are gifts that don’t get much better than this, unless we are in a bear market. ⁠

  • Bull Market Progress:

  We are in the early days of making money in the community. However; we are halfway through the bull. The focus soon will be profit taking. ⁠

  • Double Bottom:

  IA suspects a BTC double bottom could occur at 53,900. 30% drawdowns are normal.

• Tesla: YTD Performance: After being down 43$ YTD, TSLA is now up YTD after a massive 77% rally. ⁠

  • Energy Business:

  Nearly 5 years ago October 23, 2019: Elon Musk predicted that Tesla's energy business could eventually be the same size as, or even bigger than, its automotive business. December 14, 2019: Musk expressed his belief that Tesla's solar and energy storage business would grow faster than its EV business. July 23, 2020: Musk stated that the energy business collectively could be bigger than the automotive business, emphasizing the importance of achieving a sustainable energy future. ⁠

  • Buy Tesla Now or Wait:

  If you have a 3-5 year time horizon, any price under $300 is a deal.

• Solana:

  • Monthly Active Addresses:

  SOL has the most monthly active addresses as of July 2024. ⁠

  • Helius:

  IA likes Helius for staking, NFA. There are 0% fees so you keep all of the yield. ⁠

  • Future Expectations:

  IA believes SOL may not run hard until Oct/Nov. ⁠

• Trading and Investing:

  • Cash:

  IA is always 7 to 15% cash and goes heavier cash when markets are frothy. At extreme bottoms be blows it all. ⁠

  • The next Mag 7:

  A member inquires what the next TSLA, APPL, NVDA, or MSFT will be. IA responds AAPL and MSFT growth is dead. They do not build anything and only acquire and resell. NVDA is the engine behind AI, and TSLA is the AGI player. If IA were to hold one exclusively it would be TSLA. NVDA as the second option. https://community.investanswers.io/t/the-next-tesla-apple-nvidia-msft/47157/4