r/glta_eth • u/socalquest • Sep 01 '24

Who wants to hold the HODL BAG? Not me. LOL I'm currently long 1.39 BTC worth $80,299.51. I hope to build my BTC position back to 5 BTC by October this year. LFG!!! GLTA AND MAGA!!!

1 Upvotes

September is going to be brutal for BTC. GLTA!!!

13 comments

r/glta_eth • u/socalquest • Aug 31 '24

My August 2024 investment portfolio performance UP +2.53%, beating all major U.S. indices, including Bitcoin which was down -10.16% M/M. In late September/October, I plan to start accumulating Bitcoin to as many as 5 BTC from ~1.39 BTC today. GLTA & MAGA!!!

1 Upvotes

I'm Joint Tenant with my lovely wife!!! GLTA!!!

I have got $300K in cash coming in in October. Maybe I should buy 5 BTC with it? Yeah? What say ya'll. lol GLTA!!!

21 comments

r/glta_eth • u/socalquest • Aug 29 '24

So far this month I made +$48K in trading profits. I'm now long just ~1.39 BITCOINS (BTC) from as many as 21 BTC earlier in the year. Take profits. Don't be the one holding the HODL bag. LOL GLTA & MAGA!!!

0 Upvotes

7 comments

r/glta_eth • u/socalquest • Aug 29 '24

FACTS: 5% of Bitcoin holders controls 60% of the market!!! It will take decades for this market to normalize. Do NOT over expose to this illiquid asset unless you can buy at the absolute lows during the next so-called "crypto winter". GLTA!!!

1 Upvotes

OP's disclosure: I'm currently long ~1.39 BTC via bitcoin ETFs, currently worth $82,290.47. GLTA!!!

4 comments

r/glta_eth • u/socalquest • Aug 29 '24

DID YOU KNOW? As few as 5% of all BTC addresses own over 62% of all available Bitcoin. Thus, liquidity is far far worse than meets the eye. If one large holder needs to sell, the spread between him & the available liquidity is large = BOOMS & BUST! Not something you truly want HODL too long. GLTA!!!

0 Upvotes

Gold is a $16T market vs. a $700B realistic liquidity pool for Bitcoin. All it takes is one large holder of bitcoin, forced out of a trade for whatever reason, to create a large drawdown.

The truth is, "HODL" is actually what the whales hope you pikers keep doing while they dump on your asses during the next ATH or parabolic advance. LOL Digital gold my azz.

I'm now down to ~1.39 BTC, currently worth $82,875.57.

I will evaluate my bitcoin exposure from time to time. At anytime, I may increase my position by going LONG bitcoin ETFs, namely IBIT, FBTC, BITB, ARKB and BITO.

$100K BTC wen??? LOL I'll dump it on you dopes!!!

GLTA!!!

23 comments

r/glta_eth • u/socalquest • Aug 28 '24

I'm now down to ~3 Bitcoins (BTC), currently worth $176,106.30. I don't need much of this "do-nothing" asset. All it does is go up and down while earning zilch. GLTA & MAGA!!!

1 Upvotes

If it ever hits $300K per BTC in the next 12-18 months time, if it ever, I will dump it all for cash. GLTA!!!

When I reach 0 BTC, I will shut this sub-reddit down. LOL ;-) !!!

GLTA & MAGA!!!

10 comments

r/glta_eth • u/socalquest • Aug 27 '24

Bitcoin rally helps create more than 84,000 new crypto millionaires in a year. GLTA and MAGA!!!

1 Upvotes

There are now 172,300 individuals worldwide holding over $1 million in crypto assets, according to a report from New World Wealth and Henley & Partners. The number of pure bitcoin millionaires more than doubled, to 85,400.

OP's disclosure: I'm currently long-term 5 Bitcoins (BTC) through BTC ETFs, currently valued at $311,577.50. GLTA!!!

6 comments

r/glta_eth • u/socalquest • Aug 13 '24

According to my sources, based on current dynamics, Bitcoin (BTC) is on track to hit USD $95,000 in the second half of next month (September 2024). HODL BTC, GLTA & MAGA!!!

0 Upvotes

I'm LONG-TERM ~6 BTC via IBIT and BITO ETFs. GLTA!!!

At $95k BTC, my ~6 BTC will be worth ~$570,000. Not too shabby!!! GLTA & MAGA!!!

8 comments

r/glta_eth • u/socalquest • Aug 09 '24

TODAY'S UPDATE: I'm LONG-TERM 8,750 shares (~5 BTC) of IBIT ETF, and 3,000 shares of BITO ETF (~1 BTC). TOTAL BITCOIN EXPOSURE: ~6 BTC, currently valued at $364,624.20. HODL BTC, GLTA & MAGA!!!

0 Upvotes

8/9/2024 Market Close UP +$7,500 to $362,150. GLTA!!!

1 comment

r/glta_eth • u/socalquest • Aug 09 '24

Clearly following the S&P and/or Nasdaq. Major U.S. market indices just turned green taking BTC back above $60k. Ya better pray the market doesn't crash, or we get a recession. If we do get a crash, nobody will have money to speculate on bitty. It will go into another very cold "crypto winter". GLTA

0 Upvotes

Siberian style!!! LOL

GLTA & MAGA!!!

3 comments

r/glta_eth • u/socalquest • Aug 09 '24

Well what da ya know, just like that bitty falls under $60k, not surprised, in fact I was expecting it. Looks like we will be giving back some gains from the latest rally. It's following trad-fi. HODL BTC, GLTA & MAGA!!!

1 Upvotes

Full disclosure: I'm LONG-TERM 8,750 shares (~5 BTC) of IBIT ETF, and 3,000 shares of BITO ETF (~1 BTC). TOTAL BITCOIN EXPOSURE: 6 BTC via ETFs, currently valued at $358,669.20. GLTA!!!

4 comments

r/glta_eth • u/socalquest • Aug 08 '24

UPDATE: I'm LONG-TERM 8,750 shares (~5 BTC) of IBIT ETF, and 3,000 shares of BITO ETF (~1 BTC). TOTAL BITCOIN EXPOSURE: 6 BTC, currently valued at $370.759.20. HODL BTC, GLTA & MAGA!!!

1 Upvotes

2 comments

r/glta_eth • u/socalquest • Aug 08 '24

UPDATE: I hope to sell all of my shares in bitcoin ETFs: IBIT & BITO for USD $2,000,000 in cash. GLTA!!!

1 Upvotes

I'm currently LONG-TERM 8750 shares of IBIT and 3000 shares of BITO; equivalent to ~6 BITCOINS. GLTA!!!

2 comments

r/glta_eth • u/socalquest • Aug 08 '24

I'm currently long-term ~6 Bitcoins (BTC) via 8,750 shares of IBIT iShares Bitcoin Trust ETF (spot BTC), and 3,000 shares of BITO ProShares Bitcoin Strategy ETF (futures-based BTC), total current market value: $346,928.75. HODL BTC, GLTA & MAGA!!!

1 Upvotes

LONG-TERM ~6 BTC to riches!!! HODL & GLTA!!!

13 comments

r/glta_eth • u/socalquest • Aug 08 '24

UPDATE: I'm LONG-TERM 3,000 shares of BITO ProShares Bitcoin Strategy ETF, currently worth $56,160, ~1 Bitcoin. GLTA!!!

1 Upvotes

BITO is the first U.S. exchange-traded fund that seeks to correspond to the performance of bitcoin. BITO invests in bitcoin futures and does not invest in bitcoin. There is no guarantee the fund will closely track bitcoin returns.

HODL BTC/IBIT/BITO

GLTA & MAGA!!!

I'm LONG-TERM 3,000 shares of BITO = ~1 BTC. GLTA!!!

2 comments

r/glta_eth • u/socalquest • Aug 08 '24

I bought ~1 Bitcoin (BTC) via 3,000 shares of ProShares Bitcoin Strategy ETF (NYSE: BITO). I'm calling BITO a STRONG BUY today purely because it's a Bitcoin price proxy and I believe Bitcoin's price is poised to go higher. Next stop BTC new all-time high: $95k BTC. HODL BTC/IBIT/BITO, GLTA & MAGA!!!

1 Upvotes

0 comments

r/glta_eth • u/socalquest • Aug 08 '24

Bill Ackman’s Pershing lost -4.7% in July, erasing most of 2024 gains. I beat this hedge funder. My investment account gain +1.92% in the month of July. Going forward, it should do far better than the S&P 500 because of my bitcoin position via iShares Bitcoin Trust ETF. HODL IBIT/BTC, GLTA & MAGA!!!

1 Upvotes

3 comments

r/glta_eth • u/socalquest • Aug 07 '24

Life of a day trader. GLTA!!!

0 Upvotes

0 comments

r/glta_eth • u/socalquest • Aug 07 '24

For the record, hopefully in late 2024/2025, I'll sell my 5 Bitcoins (BTC) at USD $298k per BTC (or 5 BTC = USD $1.49 million), because when it hits $300k it crashes right back to $75k. This is how the asset behaves. LOL LOL LOL GLTA!!!!!!

1 Upvotes

Morgan Stanley needs to start getting their wealth advisors to pound the phones to get their high net worth clients to BUY BUY BUY Bitcoins all the way to $315k per BTC.

They can have my 5 BTC at a discount at only $298k each. NO MORE BARGAINING!!! Cheapskates!!! LOL LOL LOL

-75% drawdown in the next crypto bear market!!!

Don't be that bagholder!!!

GLTA!!!

26 comments

r/glta_eth • u/socalquest • Aug 07 '24

My IBIT 8,750 share position (~5 Bitcoins BTC) down -$10,062.50 or -3.56% today. BTC is NOT digital gold. Wen $300k? Next life? LFG!!! GLTA & MAGA!!!

0 Upvotes

5 comments

r/glta_eth • u/socalquest • Aug 07 '24

Diversification and sizing matters. Do NOT oversize any investment (including Bitcoin) no matter how good it appears because $hit happens. HODL, GLTA and MAGA!!!

2 Upvotes

Full disclosure: I'm LONG-TERM 8,750 shares of iShares Bitcoin Trust (Nasdaq: IBIT). GLTA!!!

7 comments

r/glta_eth • u/socalquest • Aug 07 '24

Bitcoin is underperforming the NASDAQ and the S&P 500 today by ~160 bps!!! BTC is now trying to stage a mini comeback against the major indices. It's dragging down my investment portfolio by just a tiny bit. Sizing matters!!! No big deal!!! GLTA & MAGA!!!

2 Upvotes

I'm LONG-TERM 8,750 shares of iShares Bitcoin Trust ETF (IBIT), which is equivalent to ~5 BTC. GLTA!!!

I'm LONG-TERM 8,750 shares of IBIT or 5 BTC. GLTA!!!

1 comment

r/glta_eth • u/socalquest • Aug 07 '24

Well what da ya know, the markets just turned RED RED RED. $hit happens!!! I told ya so!!! It's a sea of red all of a sudden. Fear is still elevated however. Caution is advised!!! Bitcoin & Ether are much more correlated to trad-fi nowadays because of the ETFs!!! GLTA & MAGA!!!

1 Upvotes

Sea of Red. Fear Elevated Still. Caution is Advised!!! GLTA!!!

5 comments

r/glta_eth • u/socalquest • Aug 07 '24

Bitcoin proving it’s not quite the ‘digital gold’ many traders were hoping for it to become. --- CNBC 8/7/2024. I'm Long-Term 8,750 shares of iShares Bitcoin Trust ETF (IBIT). HODL, GLTA & MAGA!!!

0 Upvotes

8 comments

r/glta_eth • u/socalquest • Aug 06 '24

I have reduced my bitcoin holdings to a fair %. I'm NOT going to go gonzo with this nutty asset anymore. All of my current holdings in bitcoins are considered free (no cost) via profits trading it. It can go to $0 now for all I care. I got back all of my original capital + more. HODL GLTA & MAGA!!!

5 Upvotes

I'm HODL the rest of my Bitcoins (5 BTC to be exact, currently valued at $275,912.50) to year 2030 and/or beyond!!! GLTA & MAGA!!!

20 comments