What works for trading these conditions won't work in a few months, or next year, and that's why so many will round trip gains. It's step on the gas season and the road is wide open until one day it won't be. If you haven't round tripped before learn from the mistakes of others.
Met a guy today.
Age: 22
#Portfolio : $ 20 Million
Started investing a year ago.
Goal: To retire at 30.
I asked him how he has managed
to build $20 Million at this age.
He said he worked hard &
convinced his dad to give him
$100 Million and invested it
all in crypto... see more
$DXY - If you actually wanted to time the debasing trades you should have been buying when it's high and selling when it's low. Now that it's dropped people react late and panic buy into assets that do well on fear. Being contrarian here and saying the dollar doesn't go to zero.
Here's a chart showing Bitcoin vs Silver vs Gold zoomed out. It's not even up to for debate what's been the better investment over the past 2, 4, 6, 8, 10+ years. Those lines on the bottom? Those are Silver and Gold trying to catch up to Bitcoin.