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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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58346519 No.58346519 [Reply] [Original]

I was going to put 150k into 2x Bitcoin Strategy ETF (BITX) back in September/October 2023 but got fudded out of doing it. I didn't end up buying any crypto at all. Intuition said 2x leverage during a bear market is sensible, especially with the halving and spot etf coming, but everyone kept fudding me about volatility decay and muh recession. I'd have near a million right now if I ignored you worthless fucks. Fuck all of you

>> No.58346595

>>58346519
>2x leverage during a bear market is sensible
2023 was not a bear market, but that is wrong.
>muh recession
Fed had already paused rate hikes at that point, and rate cuts were being expected next year at that time. The elephant in the room was that we already went through a recession in 2022, yet no politician was willing to acknowledge that. There are always going to be retards who will say this no matter how the market is doing, tune them out.

5x from here to 2025 Q1, from simply holding something, is still fucking easy. Quit crying and listening to midwit retards.

>> No.58346653

>>58346595
>5x from here to 2025 Q1
Bitcoin isn't doing a 5x from here - we did a 3.5x from 2017 to 2021, going from 20k to 70k. At best, I can see another 2x for bitcoin which will conclude the bull run. Diminishing returns from higher market cap.

>> No.58346721

>>58346653
Bitcoin will not 5x, but with BITX, any midcap shitcoin, or any bitcoin mining company stock, it is doable.