Beating Buffett Series
So many have messaged me personally ask me why the sudden drop of bitcoin price. This means they only see the surface of my analysis but not read into it.
Go read my previous post. What did I say?
Allow me to repeat a few key points:
Capital has a cost, and it’s sole purpose is to make money.
The trend will move against the majority when you least expect it to.
Wait patiently, the time to move will come, you do not need to be in action all the time.
The days of $200s are gone, $300s is very unlikely, $400s is going to be rare but possible, $500s will be the new norm.
Yes bitcoin is big, but it’s not too big for a significant player or a small group of big shots to influence it.
Will the days of $700s come again? Certainly.
Like I always say, if you are in for the longer term, anytime is a good time to get in.