
$iShares Bitcoin Trust ETF(IBIT.US)After Bitcoin's price fell below last April's tariff day low of $74,500 the day before yesterday, I cut most of my positions and used the proceeds to buy Tesla over two days. Although I don't know if this move is jumping from one pit to another, Bitcoin's short-term trend is too strong right now, and the overall narrative is facing serious challenges. The decentralized concept is no longer trusted by most people, and the narrative of being included in mainstream U.S. assets is facing many obstacles, with the bill's progress being repeatedly delayed. Combined with the widely circulated four-year cycle in the crypto community, it's in a state of being unloved by all, truly pitiful. Although there are staunch believers like Michael Saylor supporting the market, the crypto market is too full of short-term speculative funds, and his influence and personal energy are ultimately limited. However, I believe that if the bill progresses later, Bitcoin's price can still recover. If I have funds available later and the price is still low, I may consider replenishing some positions. But no matter what, all my losses since opening the account have been contributed to Bitcoin and crypto stocks, which has once again reminded me that I really need to manage my positions most safely with such highly volatile assets. It's a lesson learned.
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