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49 sats \ 5 replies \ @byzantine 17h \ parent \ on: Fold (FLD) had a tremendous Q2 earnings call adds 10k new customer accounts Stacker_Stocks
not shorting just betting it won't outperform bitcoin so i'm not participating
How are you betting with nothing at risk.
If you were true to your convictions you would profit from it. That is why we all buy Bitcoin
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I took the amount that I would short it with and bought bitcoin instead
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Which pumps folds bags because they keep bitcoin on the balance sheet and Bitcoin is scarce
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you are right. good luck. i hope you make a ton on fold. am just putting out my research and opinions.
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I hear ya all investments can go to zero! I like reading your bearish case because you make really solid points. I wouldn’t be an investor if they didn’t have a bitcoin treasury. Plus me buying bitcoin equities is my strategy in going quadruple long into bitcoin. Equities is the 3rd step in the quadruple strategy.
Like I wonder if the spot Bitcoin price become so high how can average Joe and Janes stack sats ? Maybe through bitcoin holding equities. Once bitcoin hits sat/cent parity Bitcoin treasury companies will have high fiat valuations thus investors may allocate fiat to get the BTC exposure at a discount.
As you can see I am a hyper bull.
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