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Thursday, 11/21/2019 4:23:09 PM

Thursday, November 21, 2019 4:23:09 PM

Post# of 36149
Need to keep something in mind about crypto: most people heard about crypto after the beginning of the current bull market (and a heck of a bull it has been). And for most of those people, it is still only Bitcoin.

I heard about Bitcoin in 2012. I only started looking for others this year. And the reason for that was because I think BTC has too much downside (you know, at 8k or whatever k), so I looked for something cheaper on the list, and hey, look at that, the third place coin is under 50 cents; that looked like a lot of room on the upside. I do not know how many times that scenario has played out: where someone who is looking for a coin that has yet to have the ridiculous gains of BTC, decided to go with one under a dollar and landed on XRP. I am sure I am not, and will not be, the only one.

But again, it is not 2012, let alone 2009. The stock market is looking toppy, even if another 10% gain before New Years still looks quite possible. The bull may be running out of gas. We have yet to experience what happens to cryptos during a bear market in the broader equities sector. XRP and BTC and everything else could easily go down (a lot) before they go up again.

Not to mention the holidays are coming. Last year they gave us a huge buying opportunity in the broader market. What will happen this time? We live to find out.

My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.

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