Buy: An Allocation to DeFi
While this trend has been going on for the past few months, I think an allocation to several DeFi tokens will continue to outperform ETH and BTC over the next few months to a year. I’ve posted a few specific names already, but to recap, I think the best opportunities are: Yearn.Finance (YFI), Meta (MTA),…
Buy: Yearn.Finance
Bought YFI yesterday. Trade idea could turn into a long term hold based on an intriguing narrative but looking for close to a 10X on this one. Marketcap at time of purchase was $40M. Looking to see YFI around $400M in line with competitorS/similar DeFi tokens SNX, LEND, COMP and MKR.
Buy: Ethereum
I am a day late posting this, but ETH/BTC and ETH/USD look poised for a run up after an 18 month consolidation. I prefer holding ETH than BTC as DeFi has been exploding and it was only a matter of time before value accrued to ETH. I am long from 0.024, but for the sake…
Pre-Blog Investments/Ideas
Here are some trading ideas that I liked prior to starting this blog with a focus on four cryptocurrencies and 2020 pre-coronavirus stock ideas that I would have posted about: Tezos (XTZ): “Tezos is a cryptocurrency and decentralized computing platform. Its features include proof of stake consensus, formal verification (which lets developers verify the correctness…
Update: Gold and BTC
So far things are looking good. The macro backdrop of government printing trillions of dollars has acted as the primary catalyst for Gold which is currently priced at $1727 per oz, a +17% increase from the entry of $1470. It’s still nearly impossible to buy physical Gold bars and coins online as worldwide demand is…
Buy: Disney (DIS)
DIS closed at $106.03. A lot has been made over COVID-19’s impact on the most well known part of Disney’s business, theme parks, but the most interesting part of their business today is their new streaming product Disney+. As a parent of two young kids, I have quickly fallen in love with this product which…
The Virus: Panic Early
I have been following the coronavirus, COVID-19, since there were <500 cases worldwide. The majority of my Twitter feed has been discussing and trying to model this virus for months. I couldn’t have avoided reading about it if I wanted to, as I use Twitter for about 99% of my news. Retweeted links and opinions…
Buy: Gold
While I don’t like Gold as much as I like Bitcoin as an asset or a trade, I think there is a buying opportunity at current prices. With governments around the world printing money at unprecedented levels, I think hard assets like Gold will outperform. In 2008, Gold sold off 30% before rallying 180% over…
Buy: Bitcoin
Current Price $5250. DJI is under 19,000 as I write. Bitcoin has fallen over 50% in recent weeks largely due to over-leveraged positions being liquidated on popular derivative platform BitMex. The case for Bitcoin has never been better, thanks to yet another round of stimulus packages and bailouts. In a time where the government is…
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theDCal 