Q&A (After Live Stream) – CATHIE WOOD & ARK SELL. GRAYSCALE & SOLANA CRAZE. JP MORGAN FUD.

Everybody looks at Cathie Wood buying or selling shares in one of ARK Invest's trusts as a vote of confidence or a lack of confidence in that stock.

Let me try to make this as clear as possible.

Cathie Wood selling GBTC neither means she likes it nor dislikes it today any more than she did yesterday.

Cathie Wood selling some of her GBTC means GBTC went above a 10% weighting in ARKW. That's it. That's all it means. It's now back down to 9.97%.

She's neither choosing to take profits, nor is she losing conviction in GBTC. Everyone wants to try to attach a narrative to her actions and there isn't one.

Here's the narrative: She's getting a number that is above 10% back down to a number that is below 10% because that what it says they are going to do in ARKW's documentation.

Years back was watching your video about taking profit as you go.. I think it was about eth. I did not get it. My IQ did not understand how it would work that my hard earned BTC should be sold. At the end this cost me $26k. I kept thinki9ng about it all this time. and I have changed it this time. Just like KW sold so do I. To my surprise I doubled my numbers with simple spot buying and selling. Patiently!! I would give credit nut your ego might grow way too much so I just leave it here.

Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?

I think Solana is a pump and dump

BS. Ark had to keep the weight of that fund to be no more than 10%. Wasn't for taking profits.

Not surprised she sold because she’s been getting her ass handed to her these last couple of years.

Cathy always sells at bottoms

Why? I started Roths years ago and loaded them with GBTC and ETHE. I did this way before companies were doing this.

Best indicator during the current cycle is inversed_Ben_Cowen_predictions.
This indicator already brought me an average buy of 20k for BTC, 18$ for SOL and 1200$ for ETH. It's the best indicator I found working so far during the last 2 years.

I had Rob as a galaga or pac man kinda guy.

I don't think it's a good time to sell unless you are a whale or something and can make enough money off of relatively small movements. Sure we're coming off of a rally and we'll probably retrace a bit, but it's hard to tell how much lower it's gonna go before it goes back up.

Diamond handed people are needed for exit liquidity lol.

Cathie is more bullish than Michael Saylor. Her price predictions are unhinged.

Maybe Cathie sold so she has more cash for her own BTC ETF? Doesnt make sense to keep money in Grayscale when her own ETF is approved! Maybe this is a sign that she knows something.

I had a feeling after FTX that Sol would crash and I bought a lot , I begun selling but man I didn’t want to

YES, BUT THIS WOMAN HAS BEEN WRONG ABOUT JUST ABOUT ANYTHING……most of her funds are 70% down on average

Rob you didn't answer the question about which ADA wallet to use when taking coins off exchange.
With so many wallets in the ecosystem it can be difficult to navigate if new, heres some advice:

1. NAMI if you're familiar with Metamask this wallet looks and functions the same. Easy to setup and beginner friendly. It was created by the community stalwart Alessandro Berry Ales who also pioneered the first NFTs on Cardano Spacebudz although it was recently acquired by IOG.

2. ETERNL in my humble opinion, is the best wallet on Cardano. A bit of a learning curve but once you familiarize yourself with it's multitude of functions like multi wallet support, fragmented staking from one wallet to multiple stakepools, great for ISPOs and dApp access withing the wallet, you'll never want to use anything else. Its has mobile app support unlike Nami. Both work with cold storage devices.

3. LACE brainchild of IOG this is a great interactive wallet. Very intuitive and aesthetically appealing. Also has multistaking but with much more advanced functionality than Etenl. dApp access within wallet also. A bit slow hopefully fixed with an update.

Honorable mentions:
FLINT
TYPHON

I would stay away from everything else.

Getting sick of hearing about Cathy Wood.

i would say take profits after or during a substantial run up during a bull market………..and i mean substantial………..all this talk about taking profits when the market is up 10% and less than half the ATH is a bit silly imo……….."yay i made 10% selling my btc at 35k, now a months or 2 later its 45 k and if i buy back in i'll have way less btc than i did before"…………….clever. Now is a time to be accumulating not taking profit and buying back in later at a higher price.

Btc 1bill 1mill …. they sold back door we hodl front door 😂😂😂

ZEN pow like BTC .

bought GLINK and GSOL in August frontrunning 2024 and wow I shoulda bought more

As we are close to years end, many companies need to sell and finish their Financial Indexes as their tax avoiding strategy suggests . Some need more liquidity and sell, some have much liquidity and they want to hide it by buying. They don't sell or buy in a way NOT recognized by the TAX and Regulation Authorities as legal. This is why they prefer GBTC and NOT regular Bitcoin in their own custody. Sending 10K $ In an Exchange and buying Bitcoin is easy for individuals but NOT for financial Institutions who need to follow very complicated rules about how to move money. Sometimes the market moves are easy to interpret if you know how the system works. In my point of view we will run out of the good days pretty soon and then a small crush of 30-35% is coming… But nothing devastating, the usual FUD games.

6 million is a small amount for a person like cathie wood