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Im beginning to think its time to invest in some crypto.
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XRP
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XRP took off! Unfortunately I didn’t buy it. So far I’m holding ETH and LTC.
Man, I sure need an exit strategy.
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If you have nice gains (on paper) I recommend selling enough to recover what you paid for your tokens. That way, even if the value somehow fell to zero you couldn’t lose money. Of course that is highly unlikely to happen, so you would almost be guaranteed to come out ahead. After that you can decide to sell more at the time of your choosing. I would not sell it all at once or sell all of it if I were you.
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Go XRP !
Silver is where it's at.
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Solana
Ethereum
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xrp
xlm
hbar
ondo
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My mentors email;
Hey everyone,
Bitcoin is currently around $120,000, and unsurprisingly, a number of our coins are up.
Inflation data came in slightly lower than expected, which kicked off the set of domino-like events exactly as outlined in yesterday's email. The dollar dropped, which led to a crypto buy up.
(Follow the dollar. When it goes up, Bitcoin will drop. When the dollar falls, Bitcoin goes up. It's clock work and happens every time.)
The main reason why is because this ups the odds for an interest rate cut at the next Federal Reserve meeting. I'm personally not so convinced. People forget (or don't understand) the Federal Reserve is a Private organization, independent of the US government, which makes decisions as it wishes. They've voiced reservation against further cuts so a reversal would be somewhat surprising if they do it. But hey, you never know.
This is the guessing game part of investing, and god bless us for it. Remember, money is made from intelligently riding this uncertainty and it surprises me how many people can't see this.
I don't wish to name names but I'm often surprised by the number of internet investing gurus who try to present themselves as all-knowing about the future. They pitch expensive courses which essentially promise some form of guaranteed profits which is another way of saying that investing can essentially be reduced to some sort of formula - and they do so with a straight face!
On one hand I see this as manipulative and predatory. But I also know such wild promises are only believed by those who want to desperately hope such shortcuts exist. It requires a total shutdown of basic logic to fall for such claims. And it takes a level of anti-self-responsibility to identify as an out-and-out victim in such matters.
Anyway, I digress. Back to the market.
The majority of our coins rose on the back of yesterday. Ethereum saw the 9% rise we expected and currently sits above $4600. Cardano rose 12%. And Solana surprisingly rose 12.5%.
There's a decent chance Bitcoin falls today to around the $118,500 area. If it does, it will be interesting to see what the other coins do. It wouldn't surprise me if they continued to rise despite the small drop in Bitcoin.
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I need a way to short bitcoin!
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| There are 9 comments on this blog. |
