Thanks for this! I remember when you said a while back that you were always planning for bear markets by making sure you had enough cash to get through it before the next bull cycle. It would suck to be forced to sell bitcoin at the bottom, simply because you ran out of cash. Thanks for saying this because it has affected how I think about things. But I'm not sure about these dividend paying stocks. I don't know about ULTY, but I think MSTY for example is already suffering. I fully believe Dest when he says you are only getting your own money back. Any example of people doing well who bought when it started and made it all back with dividends already couldn't repeat this same strategy. Its not going back to 40 anymore. And with regards to dividend stocks in general, making 6-7% doesn't outweigh a possible 50% drop. With my little trading experiment, I have managed to make $3k from just having not even 15k in that one account to start. Obviously it helps that bitcoin keeps going up, but what helps even more is the sideways action. So this is about a 20% gain in 6 months. Obviously I can't expect to make 40% over the year, but I think I will do better than anything like MSTY going forward. I exited too soon yesterday to make my $122, but then waking up this morning, its amazing to see the drop, so once again, that god I took my profit. I of course got many fills on the way down, and the position is down $370 right now, but its no problem. I will start loading up on another account, and then I even realized I can just switch to FBTC in the same account so that the position is seperated from the IBIT position. It will probably be a while now (ie. a few days or a couple of weeks) until we hit 123k again, so I will still profit in this sideways action I reckon. A drop down to 100k will leave me with no more money to trade... LOL.... but this means that I still make more money than just a simple HODL strategy when it eventually recovers. It just absolutely sucks to see a again of $1,000 in hours on my larger HOLD accounts, followed by a big loss. Its like why can't I book that gain and get in lower???? That's my thought process, and I'd like to build up this account even more. The only negative would be a massive 10k green candle, but I just don't see that happening anytime soon, if ever, because of how much bitcoin is now dominated by wallstreet. So if I ever miss a big pump, I think that will be compensated by the multiple round trips I make from buying low and selling high, then rinse and repeat.
Really? I was fairly certain that the rules for these guys were that if they are a non-bank, they aren't allowed to pay yield. So there will be no yield on USDT. Maybe when the banks introduce their own stablecoins, but I didn't think anything currently pays it. Plus, I think rates will go much lower. Earning 4% on a big position is enough to live on, but I think this loophole will be closed. The US can't afford it. And lets also not forget that inflation will be higher that whatever interest you will make over the long run. But of course, if bitcoin will drop 50%, no doubt its better to try and time it somewhat. But I think we are seeing that the pumps are smaller, but so are the dumps. Josh on X said that 92k isn't in the cards until 444k is hit, which would be awesome. But 92k is also not that low consider where we are now. I guess if it does hit over 400k, 92k is a major drop is terms of percent though.
Yea, it's important to have enough liquidity, otherwise selling bitcoin at the bottom of the bear market instead of buying is going to be very bad and demoralizing msty is doing horrible because mstr is in the toilets with shit, not even exaggerating, yesterday bitcoin hit ath and mstr went down big! that is the worst possible outcome not sure what's going on, but it's affecting all the bitcoin treasury stocks, so not unique to mstr ulty is performing much better, because it's "diversified" and actively managed on the holdings and ulty owns the shares, not synthetics options, i'm getting a 2nd dividend this Friday, and next week I get a dividend again, it's been resilient from what I can see on the price action, I'll know more after a few months https://archpublic.com/?v=da984e42a589 Every time I hear this mentioned on Wolf of All Street podcast, I've been really contemplating on doing this, even for the free tier, no cost You really should look into this, it's outperformed buy and hold by a big margin, like 3x+ better Free for $10k worth of trades per year, then subscription for higher amount automated trading, no emotion, 24/7
@demoncore couldn’t even find the tax docs where they explicitly show the exact ROC portion for each payout. You don’t have to guess or take anyone’s word for it—look it up yourself. You can also pull up adjusted-for-dividend charts (bar charts) or run the numbers in a spreadsheet by importing raw (TickerData) for any start date and period to see the true NAV.
You can stake USDT on a few crypto exchanges. Bitunix is offering 2-11% which we all know, it's more than likely going to be near 2%, but it's something to earn while you're waiting for the bullrun. Soil had some nice return rates, last time I looked it was 8% but I'm sure that number is lower now. EDIT : Surprisingly it's 7% now for USDC. Check them out, https://app.soil.co/earn/liquid-stake They are worth checking out and have no KYC. But what everyone is waiting on is the Ethereum ETF staking which will be huge when it's finally allowed because this means everyone can buy defi ETS and stake with the stock market while their money is protected by FDIC. And it absolutely WILL happen within the coming months 100%. And you're right about the pumps and dumps becoming smaller. The markets are different now with institutions playing. Pretty soon it will be as lame as the stock market...