If you've been following me you know I've been going all in on investing and sharing the journey. As many of us know, we're in a state of FUD in the crypto markets. Even Jordan Belfort, the infamous king of sales, pump and dumps and scams is calling cryptocurrencies' bluff. He brings up good points about the government and banks losing money. "Do you really think China? or the US? is going to give up all that money and control?"
To be fair, he does think the technology will advance in some fashion to save banks money but the industry will ultimately be shut down due to banks and our government being so closely tied. Seriously, the Treasury Department is run by ex-CEOs from Goldman Sachs.
I'm paraphrasing but it's still a good point and with the exception of Steem and few other sprinkles in the cake, who really has a working product? It's all hype and we, including myself, have to ignore the FOMO and sell before the peak that you may not know is coming.
This volatility is excellent training though! I bought into what Wall Street would consider the most volatile market they have - oil ETFs!
Being used to markets open 24/7, stock trading is a breeze. Even their most volatile market can't compete with the environment I made great gains in crypto.
I've been observing DRIP for about a year now and bought it finally during what I would consider a "planned dip". DRIP and GUSH are near inverses and they often switch. It looks like a volatile sine (sin~x) in Trigonometry if you were to apply the pattern between the two. One's above and one is below the x-axis to be y or -y
I waited and bought in to DRIP at the near bottom of it's dip down. I mean I was off by less than 5%! I was pretty proud. Now, days later I'm up 30%. If I can pull it off, I might be able to sell at close to a 50% ROI and buy back in on it's pullback before it returns and passes the previous high. Once the "news" starts talking about "war" and "terrorism" in the Middle East, the time is near to DUMP because those FUD stories always happen right before the peaking stock's collective's earning reports. I may hit 90% ROI in about two months or less. As it stands, the least I'll take is 50%.
Something to consider when you're investing in your favorite currency -
Are you diversified enough into outside markets?
You have the best training for it so you might as well try just in case we're all caught holding the bags.
"We are what we repeatedly do. Excellence, then, is not an act, but a habit."
-Aristotle
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