Beating Buffett Series
If you had followed my posts, you would notice these two main points I mentioned:
1. The major players are trying to pump and dump to profit ahead of the reward halving in a matter of days;
2. Fresh cash or hot money is flowing into bitcoin supporting and trying to maintain the price at the higher side of $600+.
Hence the clash of the titans graph where two opposing forces fight each other. However as time goes by, which will not be very long, foes will become friends and that is when small speculators should become very cautious.
Well you don’t have to be in the oven to know it’s hot but I do have one of my fingers inside it. Yes I admit I do speculate too, but just a small fraction of my holdings. So I feel the heat and enjoying the sauna.
I would strongly suggest the FIFO (Fast-in-Fast-out) strategy where as long as short term target is achieved quit trading and watch on the sidelines waiting to prowl when the time seems right, again.
Standby, be patient.
