Bitcoin, Ripple, Ethereum: Keep Your Head On Newbie
The headlines are frantic, the politicians are gas-bagging, the market is down and volatile.
1st Remember these Warren Buffett/Quotes
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Price is what you pay. Value is what you get.
If you came in to the markets after 2008, well welcome to the real world, there has been nothing to suggest that the action on Wall St or in the Crypto market represents a collapse, thing have been a bit over heated for a while especially in the Crypto market, remember where we are now is where we were in November.
Bitcoin has dropped from the $20k mark to trade under $6k but the run to $20k was over hyped, over bought and a correction was obvious. Wall St is in a similar position, since 2008 we have had a Fed pumping out money and a grossly artificial market, it need a reset.
While lots of Snowflakes will be running for their safe place, the challenge for the rest of us is to buy value, real value, during the dip.
It was not hard to make money on Wall St or the Crypto market over the last 10 years, that was an anomaly for markets, now the fundamentals come in to play.
The Hype companies like Tesla, GoPro etc may take a real beating, they may not even survive in a world where money doesn’t flow like water, but there are now huge opprtunities to buy in at discounted valuations especially in the small caps.
In the Crypto market you will face the same challenge,finding value.
Do not panic, do not rush.
On the OTC we made good gains on YBAO and NPHC, GLD looks like it might be value and buying USD selling Euro is a good trade.
In Crypto we are buyers of Bitcoin, Ripple, Ethereum at the right levels, these ones are not going away and the new G-BiT has some appeal.
It’s not a race, take your time, you haven’t lost money till you sell.
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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.