Bitcoin

Bitcoin is a new electronic payment system that removes the need for third party financial institutions. It speeds up transactions while reducing costs and minimizing the potential for fraud. The name “cryptocurrency” points to how it uses “cryptographic proof” to work, AKA a blockchain.

Bitcoin’s concept was first introduced in 2008 when a person going by the pseudonym Satoshi Nakamoto shared a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” In January 2009, the Bitcoin blockchain was launched. 

A new electronic payment system called Bitcoin removes the need for third-party financial institutions. It speeds up transactions while reducing costs and fraud-risk. The name “cryptocurrency” points to how it uses “cryptographic proof” to work, AKA a blockchain.   

Bitcoin has a finite supply of 21 million, which is expected to be reached by the year 2140. Currently, 18.8 million are circulating in the market. Note that Bitcoin represents the concept of the network, while bitcoin (lower-case ‘b’) represents the currency.

Bitcoin is one of the most well-known cryptos as it was the first decentralized currency. 

Currently, BTC’s dominance is above 40%. Bitcoin Dominance is a measure of how much of the total market cap of crypto is made up of Bitcoin. Bitcoin’s influence in the crypto ecosystem could be vulnerable to competition as alternative coins grow in popularity and utility.

Buy the close & sell the open of the NASDAQ every day. Use any available buying power, but no margin.

Trading

For every 2% percent NVDA is down weekly, add 2% to my position.

If the Fed announces a rate drop, trim 10% of bank stocks and move it into high-growth tech.

Risk Management

Every time my option orders to open execute, place a close order assuming a 20% gain.

When my checking account has >$5k, move half into HYCA and half to buy my watchlist stocks at <25x P/E.

Cash Movements

Free up $50k by selling assets with long-term cap gains & are at all-time highs. Don’t touch AI or crypto.

Sell covered calls on my PLTR positions. I want to generate $5k/mo with low risk of strike being hit.

If META CEO starts saying “VR” more than 10 times in an earnings call, trim my META position.

Take a small position in the stocks that are rumored to be added to the S&P 500 before they are added.

Research

Alert me every time a position has long-term cap gains, and email monthly statements to my accountant.

Track a custom index of the top 20 companies across Nasdaq, S&P500 and Russell, equally weighted.