$Bullish(BLSH.US)

My cost is 77

Won't leave without making a profit

1. Valuation: The valuation in 2021-2022 was 9 billion, at least now 10 billion is reasonable, not too much bubble. I don't believe the stock price will halve.

2. Crypto stocks: Crypto stocks always go straight up and down. People are used to stablecoins and Coinbase, so it's no surprise.

3. Naive investors: BlackRock and Cathie Wood's institutions subscribed 200 million. These big institutions won't just cut naive investors once, will they? Most naive investors are in Asia, still asleep. Won't they cut a few more rounds before leaving?

4. Experience: I also tried to buy stablecoin Circle at the first moment, couldn't get it at 78, rushed in on the first day. It went up to over 100, then dropped to 80. I remember buying at 90, felt stuck, hovered at 90, and finally sold at 91. The comments were full of doubts back then.

Personal opinions, not investment advice. Don't like it, don't criticize. I accept the outcome if I lose.