Summary of InvestAnswer's Posts Date: 4 -5 Jan 2023 📈 (Patreon)

Summary of InvestAnswer's Posts Date: 4 January 2023  - 5 January 2024 📈 

Thanks, Josh 

Bitcoin Miners

IA has recently acquired a significant amount of RIOT at $15 this month. ⁠

Tesla Investment Strategy:

IA remains steadfast in his decision to retain his TSLA position, deeming it his core holding. To maintain a balanced portfolio, he consistently augments his Tesla holdings as cryptocurrency values surge. ⁠tesla⁠ 

Money Market:

In 2024, IA draws parallels between Tesla and a stable coin or a money market account, considering it a low-risk avenue for parking cash. He anticipates a future surge in Tesla stock value. ⁠In 2021 it was Bitcoin. 

Europe Sales:

Tesla has reported a noteworthy 57% growth in sales across Europe, totaling 364,000 cars. ⁠tesla⁠

Equities ENPH:

IA predicts an upward trajectory for ENPH's price when the FED initiates rate cuts. ⁠Target Min of $160 in a year. 

Trading and Investing:

IA dismisses bonds, the 60/40 portfolio, and the SP500 index as obsolete investment avenues. ⁠

Trade Alert:

IA executed a purchase of additional SOL at $96.81. ⁠general-crypto⁠

Trade Alert:

IA expanded his CLSK position with a purchase at $9.94. ⁠general-topics⁠

IADSS:

IA employs a strategic approach by utilizing the 4-hour chart to identify opportunities, zooming into the 1-hour, and further into the 15-minute, 5-minute, or 1-minute intervals for precise execution. ⁠general-topics⁠

Bitcoin Priced In Narrative:

IA thinks it is NONSENSE that the BTF ETF is a priced-in event, emphasizing that only a select few comprehend the impending influx of capital into BTC. He advocates for a simplistic understanding, asserting that when money flows in, the price rises. Supply is tight and there is a tsunami coming.  PS BTC was $42K at the time - it is now $47K :D

CLSK:

In a strategic move, CLSK is conducting a shelf offering, allowing for the issuance of securities gradually. This provides flexibility in capital-raising, despite the CEO's commitment to avoiding dilution. IA highlights the upcoming addition of 6-8 EH over the next 4-6 weeks, resulting in a 60-80% power increase, an aspect he believes has not been factored into the current valuation. In addition, the plans for CLSK are to grow to 50 EH - a 5x from current levels with state of the art rigs - this is an oppty he feels. 

Miners:

IA perceives miner dilution as a hash war, asserting that more hash leads to more BTC. Alternatively, sitting back on old rigs and allowing new players to take over remains the only viable option.

Trading and Investing:

Trading Ideas:

IA advises against buying or holding GOOG, MSFT, AMZN, or APPL in the mag 7 as they have run out of exponential Growth.  There are faster horses like NVDA and TSLA. 

Technical Support:

Discord is not the appropriate platform for in-depth trading tool discussions or support. IA suggests utilizing Discourse, which contains all the necessary information. 

The Right Thing:

IA always prioritizes ethical conduct over financial gains. Honesty transparency and service. 

2024:

Reflecting on the past year, IA characterizes 2023 as an easy period for significant gains. However, he anticipates challenges in 2024, identifying SOLALTS as the current low-hanging fruit with larger associated risks. But for 10xs - SOLALTS are the safest best as INJ RNDR SOL were in 2024.