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The argument for Bitcoin relates to the eventual destruction of fiat currency units (e.g., $USD)
This chart on right plots price of Bitcoin $BTC in relationship to total U.S. money stock (M1). This ratio remains below the Dec 2017 high. Interesting to note similarities in chart structure to $DJIA during period of Great Stagflation of 1970s.
Some of you will deny existence of continuation inverted H&S - so I will discuss it here. Schabacker (1934) and Edwards and Magee (1948) acknowledge this pattern by name. If the ID is good enough for them, then it is good enough for me.
My 6 key trading rules
1. Wait in cash for proper setups. How long? As long as it takes!
2. Always trade with a stop loss; keep all losses small
3. Never get bold when running cold
4. Nail down decent profits
5. Never let a good size gain turn into a loss
6. Never add to losers
-- 40-years ago when I told my family and friends I was going to be a stock trader, I was told all the reasons why I shouldn’t and couldn’t. It’s gambling, it’s not a real job, they said.
-- When I made my first million dollars, I was told I was lucky.
-- When I won the 1997 U.S. Investing Championship with a 155% return, I was asked... did you get lucky?
-- When I returned 33,500% in just 5-years with every year up triple-digits, I was told I was in the right place at the right time in a bull market (again luck, lol!)
-- When I landed Soros Management as my biggest paying consulting client, I was told I got a lucky break (again, luck? I must be the luckiest guy in the world… lol!).
-- When I was included in Jack Schwager’s Stock Market Wizards book, I was told that the best traders were already in Market Wizards 1 & 2. (I wonder if the they told Steven Cohen the same thing).
-- When I made my first $10million, I was told that there are many people who are richer than me.
-- When I made my first $20million, friends questioned and asked, “yeah, but are you happy?” They still ask that today. The answer is HELL YEAH! (Money is just a magnifier, if you're unhappy, money makes you rich and unhappy. If you're an asshole, money just makes you a rich asshole.)
-- When I told my people I was going to write a best-selling trading book, they said, what do you know about writing, you’re not a writer.
-- When I told people I was going to write a best-selling mindset book, they said, what do you know about mindset? You’re not a psychologist, you’re a stock trader (well, at least now I was accepted as a stock trader). I now have 4 best-selling books in 14 languages.
-- When I told people I was going to enter the 2021 U.S. Investing Championship, they said, it’s all downside, why would you risk your reputation? I won with a 343% return and broke the all-time record in the $1million+ accounts.
You see, there will always be people like this in your life; those who discourage, those who lack vision; the skeptics, the followers, and even those that truly care about you who are trying to protect you from disappointment. If I had listened to them, I would have quit and never accomplished the greatest achievements in my life, and I wouldn't be here today inspiring others.
If you listen to these types of people and believe them instead of believing in yourself, you will allow them to steal your dream and you will never accomplish what you are truly capable of.
Expect to be doubted.
Expect to be discouraged.
Expect your family to be scared of your big dreams.
Expect to be envied.
It’s all part of being exceptional. Embrace it, smile, and get back to the work of moving closer to your dream each day, little by little.
If you persist unconditionally, you too will amaze the doubters and earn the respect of critics. You will become the champion of your own life, and you will help change the world in a positive way.
Best wishes, love and blessings.
Have a wonderful day!
Mark Minervini
Help me inspire the world. Retweeet this post please.
#motivation #motivational #inspiration #inspire
Want to add a touch of authenticity to your NFT collection? 🔒🎨 Our on-chain checks featuring tokens from the top 100 collections on Ethereum are now available! Claim your authenticity #ChecksVV
Our Project Of The Day, @FlowX_finance aims to be the ultimate destination for all trading needs, designed to provide a seamless, user-friendly experience for all.
Check out their @crew3xyz questboard https://t.co/skGugKtelf
We’re excited to share, we have:
1) Raised $200M and now have a total of $458M in mission-driven funding
2) Decided to go FULL OPEN SOURCE at our next milestone
3) Reserved ⅔ of a potential future token for the ecosystem
4) Formed a partnership with @OpenZeppelin
👇1/8
Baby Alpha is here! We are proud to announce that today we hit our Baby Alpha milestone and have begun the march to Fair Onboarding Alpha and Full Launch Alpha.
https://t.co/8PBC9sRNPS
What we've accomplished and what's ahead 🧵 (1/6)
I'm excited about the @Shardeum Liberty alphanet! #Shardeum is building an EVM-based L1 that can deliver low gas fees forever by adding more nodes.
Requesting 100 #SHM from the Shardeum faucet. https://t.co/TEP2Gh0Mjt
My address is: 0x5B06e1bF462BB9f8c5E52804F9888c42419C3A23
I'm excited about the @Shardeum Liberty alphanet! #Shardeum is building an EVM-based L1 that can deliver low gas fees forever by adding more nodes.
Requesting 100 #SHM from the Shardeum faucet. https://t.co/5OpBrTaZ2Z
My address is: 0x5B06e1bF462BB9f8c5E52804F9888c42419C3A23
Join me in experiencing the future of decentralization on the @Shardeum Sphinx betanet!
Get 15 #SHM now: https://t.co/wSONfGF6D6
My address is: 0x5B06e1bF462BB9f8c5E52804F9888c42419C3A23
Just in: @AffineDeFi's USD Earn basket is now available on @Coinstats! Earn interest on your idle USDC directly from their app. Start growing your crypto today 💰 🚀
#DeFi#EarnInterest#USDC
hack.summit() is free for all of Affine's community members and users.
Join our discord channel to get free access to this virtual event taking place from March 31 to April 1.
At hack.summit(), you can learn from some of the world's most accomplished blockchain leaders. This includes @VitalikButerin , the President of @solana, the founders of @NEARProtocol, @0xPolygon, @StarkWareLtd , @compoundfinance, @CeloOrg, @SuiNetwork, and many more. We're speaking too!
get on our discord to register for free - https://t.co/PzaS9T7JIW
Security of the users’ funds has been our priority since day one. That’s why we partnered with @HalbornSecurity to audit our smart contracts!
Their award-winning team found no major security threats in Affine’s smart contracts.
We are thrilled to see the number of users in the Affine protocol 🎉🎉
Thanks to everyone for your support!
try today - https://t.co/eI5VoWwHBA
#FutureofDeFi#Affine