I'll add on to this information as well, but something different.
Some may count the following as either reckless, or perhaps wise advice, but I'll retell a story I was told in my youth. I didn't know any better in my day, and I make no comment on where I stand, but I can say I at least understand.
This wealthy individual told me his investment strategy was to concentrate his wealth into one targeted asset (all eggs in one basket), and become extremely good at watching the basket. He stated that diversity is the avenue of the confused amateur, and should only be used on uniquely different investments, or after you've accumulated your wealth. Become extremely good at watching your one basket.
With that said and no names mentioned, I've watched a number of individuals who had investments on other boards, or whom observed other stocks that had peaked, advising others to jump aboard, only to find them a fraction of that price they once were today. I don't doubt their sincerity and well intentioned heart, only rather, perhaps their investment choice. What they saw, I did not see in the charts.
We don't all get things right, that's a given. But what I do know, is that it makes sense to follow something that provides a relative pattern that is identifiable. That is BTCS. The same questions as to why it trades as is does, still come and go. The same questions as to why this ticker is still in existence, come and go. The same questions as to what do they produce, all still come and go. The same peaks and relative timing in it's trading pattern, still comes and go.
The only question is why aren't more taking advantage of what is provided? Learn to read what is happening in the charts, and hopefully more than not, your on the winning side of most trades.
While I won't provide the answers, I enjoy helping lead others in way to help them come to a conclusion of their own.
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Lastly...
How many times if you doubled a penny, would it take to become a millionaire? Less than 30, actually around 20 attempts.
If this stock is capable of doubling or triple, or quadruple your holdings (worth) each peak to valley, and visa versa, would it not make sense to learn how these patterns perform and operate?
While some people have a gift to jump tickers and profit, for the majority, that might not be a realist opportunity. In a stock like this, sometimes it's best to take a payday, every three to four months, per the past peak history.
Warren Buffett had it right.
"The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient."
So, what did we just have? A four month decline, now ready for potential reversal. That was not quick in any way, but rather, it was incredibly slow.
Just some food for thought.
AI
