Bitcoin is up 10% from my cost basis. Time to take some profits according to Robert Lichello's automatic investment management.
Your order to sell 0.13636364 BTC has been filled for $4,025.47.
Your order to sell 0.005 BTC has been filled for $151.52.
My proxy for BTC has been MicroStrategy Inc. I wanted to give my wife exposure to crypto in her retirement account. And ALLY INVEST doesn't let you buy bitcoin.
But I found a better way. The miners of bitcoin. You can scale in much easier because the price allows for easy LEAP OPTION trades. See my day trade below:
I earned very little BAT from using the Brave browser. I was not allowed to cash out when the BAT was transferred to UPHOLD since I didn't meet the minimum withdrawal amount. I added $25 from checking to meet the minimums. I converted the BAT and the USD to Bitcoin hoping to send it to my Robinhood account.
Here is what I saw when I attempted to withdraw:
The money is just sitting there earning interest for UPHOLD. By the time I am eligible to get my money, UPHOLD will have filed for bankruptcy just like FTX!
U can HODL or cash out for fiat currency. Takes less than 5 minutes.
Network effects allow BTC to be the winner take all in the cryptocurrency market place.
When describing the power of networks, many point to Metcalfe's Law, which states that the value of a network is equal to the square of its user base. As a result, adding new members to a network causes it to enjoy disproportionate gains in value.
Only about 1.3% of the world's population owns bitcoin.