It is pretty clear, the same $750 investment in 2016 until now, the winner is BTC. Is there really any question about this at this point? On the weekly chart, there is massive divergence between these two assets, and one could argue that BTC is starting to give early clues to how established tech companies move, maybe it is due to a risk on trading environment.
No one is calling short on AMZN, but every foolish bear thinks that BTC is going to $1000, TSLA is worth 50 cents, and even XRP tokens are a "good buy" at 8 cents, please. Investments are NOT short term trading; one can buy, set it and forget it, raise new capital, then enter fresh new positions in new assets or accumulate existing assets. It's easy. Don't be impatient. If it goes to zero, take the loss, move on, practice position sizing and learn from your mistakes. Research is so important, don't listen to anyone on the internet, buy and wait, and while you're waiting, learn about lighting network, build and run a BTC/LND node, learn how to push transactions using you cold wallet. Learn about the fundamentals driving this space. Sure, it's easier to keep your bits on an exchange, but then you don't even learn about the potential of this new asset class.
Filter out the noise, buy and hold. Don't worry, live your life, get back to nature, go skiing, surfing, hiking, learn a new art form, get active!
No one is calling short on AMZN, but every foolish bear thinks that BTC is going to $1000, TSLA is worth 50 cents, and even XRP tokens are a "good buy" at 8 cents, please. Investments are NOT short term trading; one can buy, set it and forget it, raise new capital, then enter fresh new positions in new assets or accumulate existing assets. It's easy. Don't be impatient. If it goes to zero, take the loss, move on, practice position sizing and learn from your mistakes. Research is so important, don't listen to anyone on the internet, buy and wait, and while you're waiting, learn about lighting network, build and run a BTC/LND node, learn how to push transactions using you cold wallet. Learn about the fundamentals driving this space. Sure, it's easier to keep your bits on an exchange, but then you don't even learn about the potential of this new asset class.
Filter out the noise, buy and hold. Don't worry, live your life, get back to nature, go skiing, surfing, hiking, learn a new art form, get active!
Comment:
Back from skiing in Tahoe, back to the markets! What a week! AMZN is in correction territory, could this be the beginning of another tech bubble pop? Would entertain buying back in around $500..