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Yesterday I took a profit from Gamestop because Gamesop rose again to over $ 180 and as expected, gamestop is already falling a little today, so that was a good decision.
We are currently invested in Gamestop Corp. with 2.3%.
We reinvested in cryptocurrencies today. - Among other indicators, the RSI indicates oversold.
And keep in mind that we will keep cryptocurrencies for the long term
Why a longer-term ban seems almost impossible!
As we have seen in the past,
almost every major innovation has resulted in bans and regulations.
Why do governments really want to ban cryptos?
And why it is almost impossible.
Hello Investors!
Crypto: Cryptocurrencies have lost value for the following reasons:
1.) Main reason: Stricter regulations and bans in China. There, business with cryptocurrencies was prohibited by the associations of the Chinese financial industry. The reason given by China: The prices of crypto currencies fluctuated strongly and thus endangered the economic and financial order, so the reasoning.
2.) $TSLA (Tesla Motors, Inc.) ´s surprising decision to no longer accept $BTC payments.
This was argued with the considerable power consumption for the mining.
- It should be said that Tesla is looking for alternative coins. (Of course, I keep an eye on some of my favorites, which are of course technically more predestined for them. )
3.) Since Elon Musk's TV appearance on "Saturday Night Live", the fun currency $DOGE has also been going down. This performance was viewed negatively by many investors by calling himself crazy and not taking himself seriously. Since Doge is mainly a fun currency, it is currently of no relevance to our portfolio.
Should it establish itself more and more as a real currency for the people, it will also become attractive for us.
What will we do for our portfolio?
I watch the market very closely.
Yesterday I took a profit from Gamestop because Gamesop rose again to over $ 180 and as expected, gamestop is already falling a little today, so that was a good decision. We are still invested in Gamestop Corp. with 2.3% of our portfolio.
We reinvested in cryptocurrencies today. Among other indicators, the RSI indicates oversold.
And keep in mind that we will keep cryptocurrencies for the long term. Further, by the fact that the stocks are not moving and showing no clear trend, I will increase our trading frequency a little. I.e. in order to let the value of our portfolio rise anyway, I will often use dips to sell them again when the next rise, etc. - Typical trading.
So we can get the maximum out of these times as well. However, it takes more time than a clear trend.
But until there is no trend, our best and only option is to take advantage of volatility.
I wish all the best and patience.
https://www.etoro.com/people/aehrat
AEHRAT - ehrat capital
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