IA Daily Digest (July 14-18, 2024) (Patreon)

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

Date: 14 July 2024 - 15 July 2024

Let's celebrate US national debt now has eclipsed 35 trillion and it will never slow down. This is why we bitcoin. This is absolutely alarming but good because we have hard assets to protect ourselves.

Bitcoin: 

• Global Adoption:

Bitcoin is great, but as a SOV - the tech will not take over the world. IA’s first principal mathematics thesis is Metcalfe’s law wins. The chain with the most users: SOL.

• 24 Hour Candle:

BTC is up $4,000 in 24 hours. ⁠ 

• Mr 100:

Mr. 100 continues to buy lots of 100 BTC aggressively. He now has 71k BTC and is the 10th largest wallet on Earth. ⁠  7d:+2000 BTC / 30d:+10,700 BTC yes nearly 11K BTC in last 30 days

• Selling MSTR:

IA is waiting post split to take profits on MSTR or hedge or rotate. Depends on pair pricing. ⁠

Tesla: 

• DNB Asset Management:

Tesla surged big in after hours with rumors DNB Asset Management is selling their NVDA and loading up on TSLA. ⁠

Trading and Investing: 

• SOL Perps:

IA makes much more playing perps on SOL than taking earnings call bets on equities. It is far easier. ⁠

• SOL Perp Trade:

IA closed his SOL Perp trade at $153.90. He was able to profit enough to pay off all of his mortgages for 3-4 months. ⁠ 

• Going Short:

IA cannot wait to go short in the bear market. ⁠ We are prepared with the tools. He is doing some example hedges now with NVDA at 128 and SOL above $20 to show the community how. We need to build some muscle memory for when the time comes.

• Million Dollar day:

6/15 was a multi million dollar day. The community made a significant profit.

Date: 15 July 2024 - 16 July 2024 

• Bitcoin:

  • JD Vance:

  JD Vance is Trump's VP pick and the likely next Vice President. He strongly supports crypto. He voted for SAB121 repeal. He's a holder - owned $250k bitcoin 2022 - likely more now. He's slammed Gensler in open letters. Further evidence that Trump white house is pro-crypto. David Saks I think put him fwd as Saks is a friend of Peter Thiel and they are all part of the PayPal mafia like Elon Musk and Vance worked with Peter Thiel and I've been watching all these guys for 20 years

  • July Gains:

  July just surged with a massive 6.4% gain today, turning a -8.2% loss into a 3.1% gain in a few days. What a swing.

  • Rapid Recovery:

  IA notes we are back to half way up in the box from floor to ATH. ⁠

  • MSTR:

  MSTR is now ranked the 302nd largest US company, yet it isn’t in the SP500. The impact on MSTR’s share price once it gets added to the SP500 and announces a 10 for 1 split could be explosive. ⁠

• Tesla:

  • Cost of Ownership:

  A 2018 Model S with 413,000 miles has a total cost of ownership of only changing the brake pads once. ⁠

• Trading and Investing:

  • SOLPERP:

  IA does not keep SOL perp trades open for longer than 30 days. He keeps them open no more than 10 to 25 days max. He is practicing what he did in the 90's play trades that last 4-6 weeks and generate 25% like clockwork but instead of doing this with covered calls on equities he is now doing it with SOL Perps. He is dialing in his rhythm. ⁠

  • Allocations:

  IA’s TSLA bag is 8 times larger than his CLSK bag. He reitereates NEVER have more than 5% in miners. It is a cutthroat business. ⁠

  • IA Tools:

  The ATR model is the most powerful, flexible, and easiest tool to use in the IA Suite. Also for what it does that and PTOS are the best bang for the buck.

• Summary of InvestAnswer's Discord Posts Date: 16 July 2024 - 17 July 2024

• Bitcoin:

  • GBTC:

  GBTC has had back to back zero dump days. ⁠

  • All Time highs:

  Last week, we were $20,000 away from a new all time high. Today we are $8,000 away from a new all time high. ⁠

  • CLSK:

  If BTC hits 120k, and CLSK mines BTC at 43k - earnings will blow up. This is when names like CLSK can 2x or even 3x but it will be short lived. ⁠

• olana:

  • SOLPERP:

  Sol Perp volume on JUP has surpassed $400 million. ⁠

  • SOL vs ETH:

  It is coming to surface in mainstream media that ETH and SOL, fundamentally are not the same. No single entity controls more than 20% of SOL, nor can they halt the chain unilaterally. SOL is a utility commodity that gives access to the second largest open-source App Store. ⁠

• Tesla:

  • Cybertruck:

  The Tesla cybertruck was among the top 5 most registered EVs in the U.S. in May. ⁠

• Trading and Investing:

  • CLSK ATR:

  IA provides his ATR settings for CLSK. ⁠

  • NVDA:

  IA is close to exiting his NVDA position entirely. He hopes to get called out if NVDA is above $128. The proceeds which is deep in 6 digits will rotate into Tesla

  • Overtrading:

  In the 90s IA day traded quite a bit and it was not only stressful, but sometimes would get too addicted to it and overtraded so IA discovered if he zoomed out a little bit and waited for the opportune moments with enough standard deviations he could increase my winning odds to 80% plus and make a lot more money, even though logically trading once every 6 to 12 weeks versus 20 times a day seemed like leaving money on the table, but that was not the case. ⁠

  • Taking Profits:

  You never go broke taking profits and stacking a lot of BTC at 16k and selling at 120k (7.5x) seems prudent. TABI model will tell us all as well as the new profit taking model. ⁠

Date: 17 July 2024 - 18 July 2024

• Bitcoin:

  • IREN:

  Iris Energy Limited (IREN) has recently come under scrutiny for potential securities law violations, with multiple law firms investigating the company for alleged fraudulent misrepresentation of its assets and capabilities. The allegations primarily revolve around the company's claims regarding its capacity to support high-performance computing (HPC) and artificial intelligence (AI) applications without substantial infrastructure transformation, which some believe may have been exaggerated for internal gain. ⁠

  • Reserve Asset:

  If the U.S. were to use BTC as a reserve asset, the real money would be in the game theory of other people following suite and the price could easily go to $1m dollars. ⁠

• Solana:

  • Staking:

  IA does not trust liquid staking, staking alone is enough risk for him. ⁠

• Trading and Investing:

  • IREN Position:

  IREN is only about 2-3% of IA’s miners which are 4% of his bag. I.e. .001.