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Great summary. My POV is that stock exchange runs along the economy. Long-term you cannot lose because economy continues to grow (exception are wars and of cour
by joering2 5y ago
Great summary. My POV is that stock exchange runs along the economy. Long-term you cannot lose because economy continues to grow (exception are wars and of course scam stocks [Enron]). I approach Crypto in a similar way - long-term it will continue to grow despite being spooked here and there and losing 30% or so - because more and more people will get into it. And unless internet stops existing there will be people buying, and for now half of my family doesn't even know what crypto is (yet)
As of 99% dropping, at this point so many minds has been set to see growth or "know" the "minimum" value of main cryptocoins, that masses would not allow for it to drop 99%. There will be enough people along the line to be picking it up at all sort of discounts and Fibonacci supports and arcs to hold the support lines and change trends. I am also very glad to see crypto finally got "locked" on the stock exchange.. and moves with it up or down (logical, since lots of Wall St. guys finally joined the party). I think long-term this will help stabilize BTC, ETC etc, since they will be mimicking serious market (U.S. stock market) moves.
just my 2c (investing in stocks since 1992, and crypto early adopter 2009)
- hiq 5y ago> because more and more people will get into it Why do you believe that? Are you talking about pure speculation?