$Circle(CRCL.US) Some feelings from bagholding shareholders

1. A bit disappointed with the stock price, but fortunately, I don't hold much—just 200 shares plus some options. The average cost is between 70-80.

2. The earnings report might be mediocre, and the short-term trend is likely to be flat.

3. I firmly believe that cryptocurrencies like BTC and ETH are a different story from stablecoins. USDC can be used not only in the crypto space but also in cross-border trade payments, which is the main reason I'm bullish in the long term. I think Circle has been unfairly sold off in the short term.

4. The regulatory moat is more complex than I thought. This is also the main reason I started buying after the significant drop, despite not being optimistic about Circle initially.

5. The volatility of the underlying stock is high, and so is the volatility of the corresponding options. For those holding shares, it's advisable to use some options strategies to lower the cost basis.

6. The mentality of retail investors holding a large amount of Circle is likely to break. Very few retail investors should be able to make big money from Circle.