Talking Stocks 2.0

[MrGoat]

Originally Posted by huncho

not in mstr but in bitcoin directly. it really comes down to how you feel about bitcoin. im super bullish on it long term but the short term looks a bit rough, lot of good news and adoption but nothing seems to be pushing it out of this "crash". 18% isn't too bad considering what it's directly tied to and how it dropped 50% already. for what it's worth, hedge funds are using mstr to indirectly invest in bitcoin and the stats say that every month more and more bitcoins are being taken from exchanges and held by those buying them, but this won't reflect in the price in real time since it's done otc. there just needs to be some catalyst that kicks it back off (another big s&p company announcing holdings) but until then it's just gonna range and it might sit there for even a year. just depends on how much you have in it and whether you'd rather make money elsewhere in the mean time

Cool. Thanks for the advice. I moved 50% of my investments (not including retirement accounts) in it and my entire portfolio is only about 30% of the entire picture. I know, I hold too much cash and I need to diversify. I had an idea and it was working until it wasn’t. I just don’t know how much more I am comfortable with it tanking before I bail and lick my wounds. It’s a portion of my play money and it’s steadily dwindling, wouldn’t kill me but would not be a happy day if it tanks below 300.


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