To #ETHER or Not to ETHER. That is the question! If you are following digital assets, you know that you should have exposure to #BITCOIN. The question is, should you invest in other coins? There are so many coins that have gone down to #zero.
Q: Should you get some EXPOSURE to ETHER?
A: Yes! Yes! and Yes!
The next question is how? Should you buy #ETHA or some crazy proxy like #BMNR?
If you missed the MSTR play from 2020 to now, then Tom Lee is running the same playbook for BMNR for ETHER. He said it like we are in the 2017 Timeline for BTC. Before the recent run-up, ETHER lagged behind BTC for a very long time.
Here is my trade confirmation for today:
My trade was done in the first few minutes of opening.
If ETH were to follow a similar ROI as BTC recently, ETH needs to be trading at over 15K per coin. I don't think it will, but that is some of the "metrics" being used to forecast where it needs to go. Some think that because Banking might use the Ethereum blockchain that the move is coming in the next few years.
I decided that if I missed #MSTR, I can afford to toss 4K to see if Tom Lee can make some magic happen with #BMNR.
Here are my options trades for today prior to 11 am (EST).
Riot was expiring today nearly worthless (in my favor). So I rolled out the covered call for another $29.
The markets have been GREEN since the APRIL low. If you were in cash, you missed out on a 10-20% move. For those who collect dividends, you missed one quarter of FREE MONEY.
This is one reason why I'm always fully vested. #Dividend payments come each week/month when you have several dozen QUARTERLY payouts. Here is what my next 4 weeks look like:
If I were in cash, I might have missed out on 2K-3K in dividends over the last 3 months. Dividends can "act like new cash" infused into your portfolio each quarter. I mention that I get about 1K per month in dividends (on average). This means I don't need to use money earned from my paycheck anymore. I can either REINVEST that dividend or SELL it and buy some other asset.
If you think it is expensive now, what would you do if you waited for a dip that never happened?
Some people have BUY ORDER on Bitcoin at 65K and Ether at 2K.
It is possible that one day BTC will be 300K and ETH will be at 10K, and the cost to "enter" a position will be very expensive compared to today. The same can be said for those who remember when BTC was under 20K and Ether was under $200. Many of us wish we had just taken the risk back then!
Have a profitable Day!
