Just an idea of HODL's current pattern. It appears to be built on shaky foundation...still a bunch of noise about CHIA on the boards however the figures are so wildly entertaining it would be a 1 - mil long shot that Tony scored the deal the way people are talking.
Currently we are bleeding based on BTC cost...how long can the soccer star keep up the appearance before he has to unload some to cover costs? I was a fan...now I'm a skeptic....still holding for an exit but not happy with the current situation.
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how low can we go....BTC will let us know. All bearish...no bullish...HODL is one of those flings that may just go poof and disappear. bankruptcy is real and I will lose my position...it won't be fun....but it's real. You can't continue to make promises or profits if your purchase price is nearing 100% of current price. It's not HODL's fault...it's just that the model was built on ever growing BTC...which it currently is not. Of course BTC has to grow if it's going to be anything...it's going to the the thing...and so grow it must if it wants to start swallowing currencies (yikes...how is El Salvador feeling right now). But Tony...Tony may not make the cut. There is nothing to indicate upwards anything but heart rate right now.
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We have tested resistance...now, it's up to BTC/ETH. Well poised for a breakout and a return to the .30c range if BTC is able to move past 50k. Currently it's showing a sharp decline...could be spelling more sideways if it doesn't correct.
I wouldn't exit HoDL too early. Bitcoin bull run still in early stage of 2021, HODL can hit $2 NP if it reacts like it's peers. JMO Thanks for the post regardless, nice to see people sharing their time.
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@burbmang, I'm not giving it up just yet but the latest actions lead me to believe that something like BITF is a better hedge for the long run even with the valuation difference