3 ms·

ignore it. a single big correction will send all if this into a tailspin

• ksaj 6y ago
  My partner, who isn't usually all that money-wise, said this a couple nights ago, and reminded me about what happened last Spring when the novelty of legal cannabis stocks wore off. So even financial bystanders are noticing the pattern. People who might point out that some of the stocks are coming up should look at the year to see the general trend is still going downward. Of course that looks discouraging, but don't let it - we're almost out of this. Sooner or later they'll actually trend upward. It's a LOOOONG way back up for those who bought into it last Spring, and an equally long way up for those who buy in at the bottom. But the ones who buy in at the bottom will be the ones smiling next Spring. For example, I'm tracking ACB downward waiting to buy once it finally bottoms out. I think a lot of the stocks that are suffering due to Covid restrictions are going to have a nice tall climb back up once we start reaching herd immunity and the survivors start seeing profits again. But that won't start happening for a few months yet. Just hold on and don't panic. And definitely don't throw your money into the very next bubble. PS: If you look at percentages, as one should, Bitcoin is doing well, but there are stocks out there performing better. The big numbers are impressive, but going from $40K to $60K is exactly the same as going from $4 to $6.