Hi Everyone,
First of all, I am a crypto holder (just BTC & ETH), and I don't have any more cash to buy the dip.
However, as an investor I have money in stocks as well obviously. My investments in stocks are all in low cost, total market index funds (Boglehead strategy). They're doing fine (~15% return this year or something, idk), but fuck it. I'm a young single dude, so I can afford to take some risks right now. I want to YOLO it all on a high risk high, reward bet. That said, I'm considering selling all of my stock investments, and putting it all on $MSTR for the second half of the year to ride the bull run back up past the $100K mark we think BTC will hit.
The charts for $MSTR seem to track BTC very well, so I feel as though if BTC crushes like we think it will, then so will $MSTR and the other pseudo-Bitcoin ETF stocks like $MARA and $RIOT.
$MSTR opened at ~$650, so a ride to ATH's at $1,315 would be a 100% gain. Can probably get it in the $500's or maybe even $400's if we dip again, which would be a 120%+ gain if it matched ATH's. If we believe (which I strongly do) that BTC will crack $100K, $MSTR could crush to $2,000+.
Also considering $MARA, and $RIOT as other "Bitcoin ETF's", but I like $MSTR cause of Saylor.
Call me crazy. Disprove my logic. I want to hear the arguments against this. Mods, sorry if this isn't the right sub for this.
Thanks!
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments