I'm not trading crypto but have some of the retirement socked away there, figured it'd be fun to map it out for you guys and start dipping my toes in trading here.
After last BTC spike the question is will it fractal its first run and go to 100k or merely behave like some of these FOMO stocks and stay within the realm of reality from here on out.
For now, we'll map for the latter situation but if it starts goin crazy I can add in some higher likelihood peaks.
Seems like biggest risk to BTC right now is DXY holding and bouncing up, that's a risk to the stock market as well but not to as high of a degree.
Please share your thoughts and charts, curious to gather some data B).
Crypto is one of the last assets available for Millennials to invest in. Is it volatile? Yes. Does it have potential? The rewards outweigh the risk. It could just be at 4k (risk). The upside potential can be over 100k - 20 years later. Eventually, there will be sizeable alternatives... but one step at a time.
ProfitHarvest
⋅
@Itsallsotiresome, Ha so true, Boomers colonized everything already and reinforced their castles by cutting their own taxes and holding wages down by the neck and squeezing every drop they could out of the working class through increasingly higher cost of living expenses/profits (rent, property, healthcare and education).
Crypto may just be a powerful weapon for Millennials to level the playing field and escape the constructs of Wealthy Elite economic oppression.
Itsallsotiresome
⋅
@ProfitHarvest, It's more of the TINA (There Is No Alternative) principle. Bond rates are near 0%. Cash is weakening after a 10-year rise. Savings rates are near 0%. Real estate is highly expensive thanks to the push for more property taxes. Where does that leave Millennials and Gen Z to park their cash? Crypto and stocks. Even if there they go into debt, the rates are low and it can be eaten up by a weakening dollar (inflation). Is it ideal? No, but it's the world we live in. We are just the animals adapting to the jungle.
ProfitHarvest
⋅
@Itsallsotiresome, Millenials have 4x less wealth than Boomers did at this point and 2x less than Gen Xers and Gen Z is far more broke than Millenials.
They may have power on the margins but Gen Z and Millennials are still far away from substantially influencing the markets with their money.