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$2x Bitcoin Strategy ETF (BITX.US)$ bitx, was the worst inve...
$2x Bitcoin Strategy ETF (BITX.US)$ bitx, was the worst investment of my life. instead of the profits doubling for me with the price of Bitcoin, it halved. this should be investigated.
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Discussing
Trump 2.0 Era: How will global markets evolve?
🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context,
Moo Live
Jan 23 16:54
MicroStrategy Q4 2024 earnings conference call
A_Kid : Explain. That is not possible unless you've held it for a while. This ETF is meant to be a short-term play. Here's an example: If you bought the stock at $10 and it goes up 10% in a day, it is now $11. If it goes down 20% after that, it is now $8.8. If it goes up another 10%, you would only be at $9.68. Therefore, even though the stock went up a total of 20% and went down 20%, the stock price is slightly under is original price of which you bought it at. Do you understand?
70826362 OP A_Kid : Bottom line, I paid $50 a share when BTC was trading at all time highs in the low Seventies. When BTC recovered to the low Seventies, it was only worth around 35 per share. Microstrategy I see as a much better play, not financial advice.