You posted your BITI position on Saturday, wait, are you able to trade BITI on weekends? Anyway, are you not going to short this fkr anymore? Or you'll wait when it's down a lot to post that you are...
Since end of 2013, the compounded monthly return of BTC went lower and lower. It clearly shows how weak BTC is. The last 9 years the trend was down, down, down.
Very difficult for me to hold off from buying straight-up bluechips. But... I keep making moves to buy equities that HOLD crypto on their balance sheets. I was even going to buy into tokens.com, but since they sold off all their layer-2 tokens...and their assets of metaverse real estate have gone to shit, including foot-traffic going to shit... I see little point now. I also don't like how they sold off so much crypto at these terrible prices, then state in the SEDAR filings that everything is a-ok and the are sitting on a strong cash position. So... why the fuck did you sell off at the bottom of the market then? They blame FTX fall-out... At one point they were actually cash-flow positive in the past...
Isn't this like saying... 2022 was the year rain fell from the sky... it was the year the sun set on the horizon... it was the year ... something cyclical happened. Another click-baity title...
Nope, it never happened in the 13 year history of BTC. It always recovered in less than 2 years. Learn history man!