19-Jul-2021
They say hindsight is 20/20.
When I worked with Microstrategy(MSTR)‘s DSS Agent BI tool in the late 1990s, Microstrategy stock was at around $10. Had I bought 1,000 of those I could have made a killing in March 2000 when it hit $300. I always wondered about that. It didn’t matter that it came crashing down to single digits when the internet bubble burst and had to go through a reverse split to stay listed. It did rocket back up although not to its earlier stratospheric price points.
Same thing with Bitcoin(BTC). In 2008 the world was hearing the word “Blockchain” and “Cryptocurrency Mining” for the first time. In 2010, one could still easily mine Bitcoin or figure out, with some difficulty, how to buy it for $0.008. If one had acquired $1,000 worth of Bitcoins in August 2010, it would be worth $3.8B today at the current price of $30,784. People did dabble in Bitcoin trading overtime but its volatile nature leads to severe cases of alternating euphoria and depression among investors 🙂
Dan Hollings has crafted a strategy to combine the price gyrations of crypto and concepts from rules of Grid Trading to make A LOT of small profits that can add up to sizable chunks in days and weeks. Dan happens to be a friend’s friend and during the last few years, he has painstakingly created a solid framework of ‘rules’ for setting and forgetting grid bots that profit from the ‘wiggle’ (the crazy volatility) in the crypto markets.
He will be offering a webinar to talk about his strategy and his experience on Wednesday July 21 at 3 pm US Eastern time. I have signed up and if you want to learn from him as well, register here for the webinar.
I will see you there!