![]() Investors should never assume they can be surgically accurate in finding optimal entries. I am confident that I didn’t nail “the bottom,” but that’s the point of averaging in. But currently I have already started building my core position. I have had success trading it actively in the past. Therefore, the ETH coin should have a long ramp ahead of it. It is the same for cryptos, and the boss there is Ethereum ( ETH-USD). I am currently long and I plan on adding more below near my target.Īll digital financial transactions, including mainstream tech like wires happen across networks. By the time BTC nears 20,000 it will try to base for another super spike. Last November, I charted this potential correction and it is approaching its target. ![]() But I also am actively trading the charts. My goal is to have a core position from a fair starting point. In the long run its volatility provides so many more opportunities to profit. They can try to poke holes through the theories, but crypto comes out on top of most statistics. That’s five times better than the major U.S. But it would only be fair to point out that it’s also up 200% from the pandemic breakout. The upside opportunity from that perspective is massive if the assumption that it is chasing gold.Ĭritics could point out that BTC-USD is currently down 55% from its highs. Its market cap is twice larger than its nearest competitors. There are exceptions, but in general it is the crypto coin that the rest follow. As it goes, so will the rest of the posse. I would never have a list of cryptos to buy and exclude Bitcoin ( BTC-USD). Case in point, look at what happened last week to Solana ( SOL-USD). With cryptos on Coinbase or otherwise, investors still have room to make new mistakes. But if investors focus only on the best of the best, they can avoid the easy financial disasters. In fact, I bet there there will be hundreds of failures. ![]() Therefore, regardless of what we think of cryptos, they are important. When “normal” money decides to go digital, they will come to the crypto blockchain for help. The current cryptos on Coinbase will have contributed to forming the rules. This is the equivalent of the ancient Wall Street concept of “ money on the sidelines.” When the doubters are ready, their late contribution will likely benefit the early adopters.Įverything on earth is going, or wants to go digital. The more unbelievers now means that there will be late-comers. There still are too many skeptics, but don’t let that scare you away. My list today includes two leaders and a practical jokester.įirst we address the overall mainstream bearishness on crypto. Among the cryptos on Coinbase (NASDAQ: COIN) there are many potential winners. Therein lies the opportunity from today’s note. While the S&P 500 rallied almost 10% coming into last week, the crypto sector did almost three times better. Both sectors capped off a big rally off the May lows. But the bearish perception is not entirely accurate. equities, and it wasn’t a picnic for cryptocurrencies either. InvestorPlace - Stock Market News, Stock Advice & Trading Tips
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |