IA Daily Digest (Sep 6-11, 2024) (Patreon)

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

Date: 6 September 2024 - 8 September 2024

Bhutan owns 13,000 BTC - Bhutan has been actively mining Bitcoin for several years

Trading and Investing: 

• Win Rates:

IA takes extraordinary risks, scared money don’t make money. However; investing is a blood sport - and you go into it with far better preparation. IA guns for an 80% win rate. ⁠ 

• Winning Mindset:

Investing to IA has always been about sport. Money was not the focus; winning is his passion. He strives to convey this to others. If money affects your emotions, you end up losing. However; if you channel your emotions into winning, success will follow.

• Staying Invested:

The 35 best days in TSLA’s 14 years trading grew $100 into $13,147; reiterating the importance of not timing the markets.

• Investing Barbell:

IA’s investment barbell is SOL, TSLA, and BTC. ⁠

• SOLPERP:

$121 is IA’s target to enter more into his SOLPERP. ⁠

SOL: 

• ADA vs SOL:

IA would argue ADA has no purpose other than to line stake pool manager pockets. SOL has 180x more users; 3.6M vs 20k.

Bitcoin: 

• Mr. 100:

Mr. 100 bought 500 BTC on 9/6.

Date: 9 September 2024 - 11 September 2024

• Tesla:

  • VW:

  VW Group currently trade near the post great financial crisis’ low excluding the COVID panic selling in Q1 2020. VW’s share price is down 64% from the ATH. ⁠

  • Colorado:

  TSLA in Colorado is basically one of the cheapest cars on the market now with incentives. Imagine you can buy a car for 15k and then turn it on Robotaxi. ⁠

  • 10/10 Significance:

  Musk believes the 10/10 Robotaxi event is the most significant event for TSLA since the Model 3. ⁠

• Bitcoin:

  • Michael Saylor:

  BTC will become 7% of all of the capital assets in the world if it hits $13 million. ⁠

  • CLSK:

  Today, CLSK announced it has entered into agreements to acquire seven BTC mining facilities and associated land in Knoxville, TN for $27.5 million, or approximately $324,000 per megawatt. ⁠

• Solana:

  • Price Prediction:

  If BTC hits 120k, SOL should hit $350 based on IA's Market Cap Ratios.

   ⁠

  • Flows:

  SOL wins against having the highest flow this week.

  • XRP:

  It breaks IA's heart to see how crypto projects blatantly exploit vulnerable, uninformed individuals. XRP steals from retail investors by continually dumping new coins every quarter on retail. Old tech, no investment, very little adoption, no MOAT, no investment, just a cash cow for the leadership team. IA has no idea why XRP does not sell XRP and take the money and buy BTC.

• Trading and Investing:

  • ENPH:

  High interest rates and recession has killed Solar, but will rebound when rates drop. IA Expects ENPH to be a beneficiary of the rate cuts that are coming this week.