Originally posted by jiesen
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Jiesen tries to take over the world
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I have to admit that I just don’t understand how crypto currencies are valued. That’s why the only time I will trade a crypto currency or it’s derivatives is when a compelling technical pattern appears in the charts. I’m not talking about the fixed supply aspect of a crypto currency. I’m talking about the demand side of the equation. Even though very few currencies are anchored in gold these days, at least their valuations are tied to the relative strength of the economies of the associated nations, which is something measurable. So what exactly determines the valuation of a crypto currency?
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It's gone halfway to the moon already, up another $20 from last week to 167 today! I think at 180 I might sell a bit more, and pick those shares back up on a pullback...Originally posted by jiesen View PostWelp, when everything else is going sideways, at least my MSTR shares are up $15 today to 147!
Goooo, BTC!! to the moon!!!
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Welp, when everything else is going sideways, at least my MSTR shares are up $15 today to 147!
Goooo, BTC!! to the moon!!!
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Just sold another chunk of my MSTR at 137 (<10%) and put those funds, along with the money from my previous MSTR sale to work in DFH (MSTR is taking off, and might not get back to the 110's after all). I know DFH will turn around and come back to the 40's eventually. 14.5 for DFH is a steal!
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Sold some MSTR shares today at 127 (just a small part, <10%). It seems to be shooting up too fast right now, so I expect it'll come back to the 110s again, and I can get these back cheaper then.Originally posted by jiesen View Post
Feeling just a bit of FOMO now that I sold those at $102, given MSTR is at $111 now... oh well, at least I'm still holding the rest of my MSTR position for when it gets over 180 later on.
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Feeling just a bit of FOMO now that I sold those at $102, given MSTR is at $111 now... oh well, at least I'm still holding the rest of my MSTR position for when it gets over 180 later on.Originally posted by jiesen View Post
Just sold those $91 shares for $102 today. Another risky bet paid off - don't try this one at home!
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Just sold those $91 shares for $102 today. Another risky bet paid off - don't try this one at home!Originally posted by jiesen View PostEven at 91 this seems like a slam dunk to sell at 102 in short order. So I'm picking up a few more MSTR shares at 91 to sell at over 100 next week. Can't lose!
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Even at 91 this seems like a slam dunk to sell at 102 in short order. So I'm picking up a few more MSTR shares at 91 to sell at over 100 next week. Can't lose!
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Just sold those $87 shares for $102 today. Held for a week, got $15/shr out of it... not bad, eh?Originally posted by jiesen View PostAdded more MSTR today at 87. This feels like a real bargain with BTC trading under 60k right now. But, time will tell! It could always drop to 40k again tomorrow. Who knows?
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Added more MSTR today at 87. This feels like a real bargain with BTC trading under 60k right now. But, time will tell! It could always drop to 40k again tomorrow. Who knows?
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Still holding my MSTR, and still expecting 200+ for it eventually, so I loaded back up here at $124 today. Picked up a bigger position than the one I sold yesterday.
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Well, it took a week longer than I thought it would, but $135 is here now, so I'm selling half of that MSTR position right here, and will hang on a little while longer for the rest, and see how much higher it can go from here.Originally posted by jiesen View PostWell, I'm $9 up now, and have $7 to go, with MSTR trading at 128! Looks like I picked the right time to scoop up those cheap MSTR shares once again.... we'll see if it can keep this mojo up, and hit $135 tomorrow, so I can cash out with another bonus round courtesy of bitcoin volatility!
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Well, I'm $9 up now, and have $7 to go, with MSTR trading at 128! Looks like I picked the right time to scoop up those cheap MSTR shares once again.... we'll see if it can keep this mojo up, and hit $135 tomorrow, so I can cash out with another bonus round courtesy of bitcoin volatility!
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So what am I doing with all these falling knives whizzing by me today? gonna catch one of course!
I just bought some MSTR today at 119, and will sell it in a week or 3 at 135. I thought about getting more SATS, or B, but I'm good on those already. Wanted to have a bit more bitcoin exposure, hence the MSTR. It could easily drop another 10% next week, but likely it'll be right back up again when bitcoin rebounds back into the 70k range. Just putting a little bit into this, as it's a highly risky bet in this market. (And I wouldn't recommend anyone else try it either)
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