IA Daily Digest (July 11-12, 2024) (Patreon)

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

Date: 11 July 2024 - 12 July 2024

• Bitcoin:

  • BTC Bottom:

  BTC is at the bottom, and IA May nibble, but SOL seems safer here with more upside. ⁠ UPDATE he did buy more SOL and TSLA

  • Crypto Ownership:

  The claim that "all the people who are in crypto are mostly Republicans" is not supported by the available data. In fact, cryptocurrency ownership appears to be more bipartisan than suggested: Grayscale found that crypto ownership is relatively evenly distributed among Democrats (29%), Republicans (30%), and Independents (28%). ⁠

  • BTC vs TSLA - Pair Trade of the Decade:

  When IA shared this on the Q&A 17 days ago the BTC MAXIS had their daggers out - how dare IA say "at these levels I see TSLA more than 3 xing the Return of BTC". BTC/TSLA is the pair trade of the decade. ⁠bitcoin⁠

  • German Government:

  As of 7/12, Germany have sold the entire balance of BTC.

• Solana:

  • SOL Millionaire:

  IA reckons in order to be a SOL millionaire in March 2025, one one would need around 4-5000 SOL.

• Tesla:

  • LILO:

  IA provides recent LILO levels. Level 1, at 241, proved to be support for the stock and a great place to stack. ⁠

  • Robotaxi Delay:

  TSLA dropped because the robotaxi unveil was delayed by 8 weeks. That is a rather insignificant delay since nobody expected a working vehicle (fully autonomous vehicle) anyways in August. ⁠

  • M3 LR:

  The new model 3 rear wheel drive long range is Tesla’s lowest priced vehicle, but with the #2 longest range of all models. ⁠

  • Selling Calls:

  The time to hedge is $272 or $300. ⁠

  • Cyberbulls Price Target:

  The cyberbulls came together to project TSLA’s 2026 stock price. They arrived at $580 per share. ⁠

• Trading and Investing:

  • Index Investing:

  60% of SPX is a zombie, this is all driven by AI. ⁠

  • AI Levels 1 through 5:

  IA details AI levels 1 through 5. We have reached levels 1-2; including: chatbots, AI with conversational language, and human-level problem solving. Level 5 is the ultimate level of AI where AI can manage and operate entire organizations, making strategic decisions, managing resources, and optimizing operations without human intervention. https://community.investanswers.io/t/ai-levels-1-thru-5/47602

Date: 12 July 2024 - 14 July 2024 

• Bitcoin:

  • BTC Conference:

  BTC conference has an amazing lineup of speakers; including Donald Trump, Cathie Wood, Michael Saylor, Robert F Kennedy and more. Donald Trump Steers Republican Crypto Policies. This week, presidential candidate Donald Trump announced that he would speak at the upcoming Bitcoin 2024 Conference in Nashville in a 30-minute speaking slot on the last day of the conference. Adding to the momentum, earlier this week, the Republican National Committee officially adopted the former president’s platform of views, meaning his pro-crypto stances are now those endorsed by the entire party. The specific views mentioned in the announcement included being against CBDCs, supporting Bitcoin mining, and protecting rights to self-custody. ⁠

  • BTC as a Reserve Asset:

  Joe Burnett writes - Trump assassination fails. Trump wins election in a landslide. Trump creates digital Fort Knox—adopting ⁠bitcoin as a reserve asset. The United States remains the freest country for the next 250 years. Economic prosperity explodes and a global baby boom begins. ⁠

  • MSTR Stock Split:

  If you are a trader, exchanging some BTC for MSTR post-stock split may be worth it if you know how to trade it. (Arb cloud, options). ⁠

• Trump Assassination Attempt:

  • Bitcoin:

  BTC fell initially on Trumps’ assassination attempt. ⁠

  • Elon Musk:

  Elon Musk has fully endorsed Donald Trump and hopes for his rapid recovery.

  • BTC Rebound:

  BTC rebounded quickly after post assassination attempt. IT is now up 7,000 Since Saturday.

  • Solana and Alts:

  • SOLCHAT and Rotations:

  The SOLCHAT chart is awful. This is why we put pennies into these things, they are all flyers. IA does see a rotation playing out. BTC rebounding first, ETH second with ETF, then SOL rally into the fall - then SOLALTS. ⁠

• Tesla:

  • 40 Point Swing:

  TSLA made a 40 point swing from 272 to lows of 232. It was a very violent swing. 8 weeks or 8/8 it does not matter. Tesla has spent 4 years creating something revolutionary while Ford and Rivian launched EV trucks. Tesla wants perfection. Tesla will rebound.