Gagan Rajpal
06-07

$iShares Bitcoin Trust(IBIT)$ 

Holding $IBIT at a loss right now and I’ll be real - I think BTC dips to 40k before the next leg up. That’s my prediction, not financial advice.

But here’s my take: panic selling at the bottom is what ruins portfolios. IBIT is just Bitcoin in ETF form. If your thesis was long-term, 40k would actually be a gift to average down, not a reason to run.

Leverage, fear, and bad timing wipe people out faster than red days do.

I’m not selling. I’m watching, breathing, and sticking to my plan.

What do you guys think? Panic exit or buy the dip if 40k hits?

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Comments

  • PavanKumar
    06-08
    PavanKumar
    I am somewhat on the same acquisition value. However, I think there may be some short term bounces before if goes down below 50k. Have you considered averaging down small and then buy more at 40k? What are the different levels you are watching?
    • PavanKumar: 
      I sold cash secured puts and eventually got assigned and now holding those. Will continue selling short term puts. No point in buying at Spot if your strike price matches your intended spot and you also can make a premium when you are at it
    • Gagan Rajpal: 
      Same boat bro - IBIT avg 56.85, now 34.55 = -39% 😅 Red daily but thesis intact. Not adding yet, waiting 40k-42k zone. Small buys + patience > panic. You spot or leverage?
    • Gagan Rajpal: 
      Same boat bro - IBIT avg 56.85, now 34.55 = -39% 😅 Red daily but thesis intact. Not adding yet, waiting 40k-42k zone. Small buys + patience > panic. You spot or leverage?
  • wigglyz
    06-08 11:12
    wigglyz
    If 40k prints I’m buying, panic exits always smoke people lol
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