To The Moon

$Coinbase Global, Inc.(COIN)$  $iShares Bitcoin Trust(IBIT)$  $ProShares Bitcoin Strategy ETF(BITO)$  $Bitwise Bitcoin ETF(BITB)$   Written on this before a couple of months ago, when Bitcoin was going at $45k USD, before the ETFs were approved. Here are some thoughts since then: On ETF approval: ETFs have enabled more people who once did not have access to Bitcoin instruments to accumulate Bitcoin. Although this might not constitute a large part of individual holdings, it has already seen a $12.5 billion inflow. As more people get used to the idea of Bitcoin being trade

Year started off with a downturn. Wonder what the rest of the year would hold?

thanks for sharing!

$CME Bitcoin - main 2401(BTCmain)$ $Grayscale Bitcoin Trust (BTC)(GBTC)$ $Coinbase Global, Inc.(COIN)$ Bitcoin on it's road to recovery. Generally bullish, but few ffactors here to consider: Macroeconomic: Inflation rate coming down -> feds (hopefully) lowering interest rates -> increased liquidity in the market. More liquidity -> higher willingness and ability to spend and invest -> increased potential for price of Bitcoin and related stocks to rise.  Markets also seen to be taking a risk on sentiment with crypto (and almost every other asset class (rip bonds). If this sentiment continues into 2024, with the volatility of crypto, as we

$Tiger Brokers(TIGR)$ 2024 is a year of uncertainty. Sure, we might be ending 2023 with strong performances, and a strong indication of where inflation and interest rates is heading, but how will the market react to it? Some basic economics to explore here, which i have broken down into parts for easy explanation later. 1. Interest rates are part of monetary policies aimed at influencing the amount of money flowing into the economy, so as to influence inflation rates. 2. It does this by increasing or decreasing the cost of borrowing/rewards for saving, thereby resulting in the borrowing price/savings reward going up or down. 3a. As interest rates go up, 3b. more people are incentivized to save as the rewards of saving is higher, while more pe

thank you @TigerStars for the recognition! Congrats to all who have won too! Let's succeed together!

Been trading cryptocurrency for a while. Just like to weigh in on some matters regarding crypto trading: 1. More often than not, most cryptocurrencies do not have any intrinsic use case. Value assigned to tokens is just based on demand/supply, with no underlying worth to the currency.  2. Playing the cryptocurrency market is this akin to gambling. With no real value to most currencies, the ability to make money in the cryptocurrency sphere depends on being able to bring in more demand for the currency/reduction of supply.  3. As such, most of crypto trading requires the throwing of rationality out of the window. Understanding the market becomes an emotions game, and being able to trade properly requires one to be able to read the actions/emotions of others.  4. DD

Very interesting article, although imo the fluctuation to $26 might be abit extreme, considering the last time this stock saw those levels was pre pandemic

Entering into 2023, US Fed rates were standing at 4.5%, $SPDR S&P 500 ETF Trust(SPY)$ at 3800s, with major players predicting that we were all heading into recession and an economic slump. End 2023, US Fed rates are now at 5+%, $SPDR S&P 500 ETF Trust(SPY)$ up about 20%, with recession not in sight and the market still performing at its highest levels. I myself is also guilty of such predictions, slowly selling down as interest rates rose, and losing out on about 10% gains that I could have had should I have held on to the stocks that I sold. Here's some lessons that I learned from this year: 1. Take predictions with a pinch of

December is a month that has had more wins than losses over the past 70 odd years, with the percentage of winning months being about 75%. This translates to it being one of the best performing months historically.  As of whether Santa Claus is really the cause of this rally, one might want to seek the opinions of his transport workers: the reindeers (or modern day Tesla). $Tesla Motors(TSLA)$ has been outperforming here, smashing up about 25% since it's lows about 2 months ago. With Santa working in weird and mysterious ways (read: possible interest rate cuts!), one might attribute this red hot rally to the sea of investors rushing in in order to avoid the FOMO, trying to catch the last train out