3 Charts to Consider
The Changa would like to EARN your Paid Sub!
This is not advice of any kind.
In fact, if you haven’t read our previous posts on The Halvening, do that first.
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JAN 2024 Update!!!!
Its happening! 11 bitcoin funds unleashed like an Alaskan pipeline of consumer DEMAND. After a small dip as expected, we're ready to Rumble again so don't miss this opportunity. **If you own a regular stock account, you're “already ready already”. If not, set one up ( idea: Fidelity has a deal to give you 100 if you start w just $50. Google it)
ALL LISTED BELOW (YOU COULD DO WORSE THAN BUY MY FAVE, ticker FBTC (or consider the “old school” trust BITW currently at 35% discount to NAV for the more experienced. It includes some ethereum and solana, matic, as well)
Back to original post…
PERSPECTIVE: BTC 1.5 MILLION?
UPDATE: Blackrock is now running ads for their new Bitcoin fund including this chart, for the first time ever, as new investors pour money into the space. Boomers, Gen X’ers and even the RobinHood Gen Alpha crowd have NEVER seen ads like these, as they haven’t been SEC compliant until a week ago. If you think this isn’t going to cause MASSIVE demand for…
THANKSGIVING UPDATE~ WE ARE THANKFUL THAT YOU'VE SUBSCRIBED so we could share this EMBARRASSMENT OF RICHES TOGETHER!!!
It's not often we get to double our money in less than a month!
Remember to pay some of it forward for good juju.
HAPPY THANKSGIVING!!!!
-Team Jimychanga
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And then, for the “master class”, find and read our post “Blackrock wants Bitcoin for dinner”.
Generally, buying things ON SALE is good, and by “on sale” I mean at a price way below what you could get right now for the same thing, somewhere else.
Right now, in your regular stock brokerage account or better yet, your IRA (and many 401ks with DIY features) you can buy a slice of the two leading crypto’s at massive discounts to where the underlying cryptos are actually trading right now.
The idea is that, as the market heats up and that discount narrows, you will make BOTH whatever gains the crypto makes AND the extra gains from the discount evaporating or even moving to a premium above the “market price” of the crypto.
Consider the following current charts.
GBTC is a Bitcoin Trust
ETHE is an Ethereum Trust
GDLC is a mixed trust of aprox 65% bitcoin, 30% ethereum, and 5% altcoins
You buy them using these tickers, just like stocks or etfs’
Note the following charts, and CONSIDER:
The long bear market and apparent start of a new bull market, coinciding with the upcoming Halvening in 2024
The two lines on each chart representing the discount the trust is trading at compared to its ACTUAL PRESENT HOLDINGS RIGHT NOW
The past history of the chart showing how the discount line became a massive “premium” in previous crypto bull markets, soaring way above the NAV or “net asset value” of the underlying crypto held in the fund.
This is NOT advice, but if you are an investor or trader, right now may be the sweet spot to enter with money you can affort to make an informed speculation. Do NOT spend the rent money.
GBTC learn more https://www.grayscale.com/crypto-products/grayscale-bitcoin-trust
ETHE https://www.grayscale.com/crypto-products/grayscale-ethereum-trust
GDLC (perhaps my fav right now, at near 50% discount to NAV? You guess)
https://www.grayscale.com/crypto-products/grayscale-digital-large-cap-fund
AS ALWAYS, DO YOUR OWN DUE DILLY!!!!
If you make more than 20% on this idea in the next 6 months, I will come knocking for your paid sub with an offer you can’t refuse :)
ENJOY!
Reminder/Update:
Want to see some of the cool stuff we do with your subscription “love offerings” (face it, our content could be better) to pay it forwards?
Here’s what we did today at the Flying WalLenders!
Bonus:
Late to the party?
Consider ticker DAPP, a fund of crypto related stocks including miners and blockchain beneficiaries, as well as ‘picks and shovels” companies providing crypto platforms and infrastructure. (Or BLOK, a tamer version)
Historically, these stocks run a little after crypto heads upwards, so they may still have lots of room to run.
Remember, nothing here is financial advice. Enjoy!
Update: for consideration:
ACTION: BITCOIN, 35k + take at least 50% profits if not more. Tomorrow, Thurs, looks to be another up day and opportunity to HARVEST!!😎😎:)
That is the 9K , 33% move from 25k we said buy at!!! Very nice amid gloom in the world.
If you are trading, you could use profits to buy some things you may wanted to buy and you could neutralize some of the defense. As we just exhausted FULLY on M2k. This means, believe it or not, the US market is ready for a multi week rally, says the Changa!
AND FINALLY, Pay forward 5% of your profits! BECOME A PAID SUBSCRIBER ALREADY!! Invest in yourself! 😀
*Nothing here is financial advice. Profitable fun only!*
People with high cholesterol DONT get Alzheimer's.
Has anyone told you THAT?
https://x.com/Thekeksociety/status/1716349485625012500?s=20