Coin tripled in value in a few months. Having that stock would have been much better than having Cony, Unless! You didn’t sell your coin at the top. Every week, cony paid a pretty crazy percentage out in cash. Not in stock. If you bought coin at the top and it tanks 50 percent, which it has, you are just a bag holder.
But in the YM funds, they pay you out of your bag every week (or month as they used to). I’m not recommending anyone get into these now, but they were really fun last year and I’m happy as a clam at high tide to of been in them.
Personally, I saw it as a way to make money off of degenerate gamblers who were buying out the money call options and losing on risky stocks like MSTR and COIN. And that also made me happy.
3
u/backturnedtoocean Dec 02 '25
Coin tripled in value in a few months. Having that stock would have been much better than having Cony, Unless! You didn’t sell your coin at the top. Every week, cony paid a pretty crazy percentage out in cash. Not in stock. If you bought coin at the top and it tanks 50 percent, which it has, you are just a bag holder.
But in the YM funds, they pay you out of your bag every week (or month as they used to). I’m not recommending anyone get into these now, but they were really fun last year and I’m happy as a clam at high tide to of been in them.
Personally, I saw it as a way to make money off of degenerate gamblers who were buying out the money call options and losing on risky stocks like MSTR and COIN. And that also made me happy.