Lyn alden deep voice8/31/2023 And so, you know, overall it’s been you know, as I learned more about it, I became more bullish on it.Īnd I would say the one reason I became so bullish is that a lot of my concerns about 2017 were addressed. And so I went long in April and you know, then I continue to also looking more into it increased my allocation and wrote a number of articles about it a big public one in July and then a follow up in November. ![]() And then once we had that sharp correction in March of this year I got quite bullish and that’s also when I went into the rabbit hole a little bit to find out more details about the protocol, including some things I didn’t fully grasp in my 2017 research piece. And I was kind of, you know, thinking about building position if there were to be, you know, corrections or, or things like that. But I never really took the time to go another layer deeper and to keep examining it.Īnd, you know, roughly in late 2019 I started digging a little bit deeper. And I kept monitoring space to some extent and, you know, I’m interested in it. And so, you know, fast forward, of course we had a blow off top and then a crash and a multi-year consolidation. I said, if people want to have a small position, I think it could make sense, but you know, at the current time I’m not. So I was worried about the overall euphoria and sentiment. And also just, you know, that was after many, many months of strong bullish action. So that was, you know, we had the Bitcoin and Bitcoin cash fork, and I said, okay, so all of these are scare, so Bitcoin scares, but what if all the money that pours into the sector just goes into all these different protocols?Īnd, you know, there’s not one protocol is able to have a strong enough network effect to maintain like a dominant market share. However, I didn’t allocate capital to it because I was concerned about some sort of dilution. But and so my conclusion at the time was that, you know, the technology is very interesting and I can see why a lot of people like it. At that point, when I wrote the article, of course, it went up like a thousand dollars in the course of writing the article. ![]() And so, you know, Bitcoin was in the, about $7,000 range. And so I dedicated a long form research article into Bitcoin and to some extent into the broader digital asset space just because that was also the season of altcoins.Īnd so my approach back then, you know that came out about November of 2017. And then it was, it was during that 2017 bull run where I started to get more and more emails from people as it kind of reached the mainstream. I, you know, I didn’t really think about how to price it or anything. ![]() ![]() So, you know, I originally encountered it back in 2010 or 2011 and I thought it was neat. And I covered digital assets, notably Bitcoin, a handful of times. So I have a research firm and we cover a variety of asset classes, including equities alternatives like commodities, precious metals occasionally fixed income. So I come at this from a broader investment perspective. So let’s hear a little bit about you and your story with Bitcoin. And I know you sort of shifted your opinions a little bit more recently in this year. I’ve seen, you’ve been writing about Bitcoin and inaudible very intelligent things.
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