Crytocurrency market review

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Avatar for Djstandard
3 years ago

Greatest Fools

All in all, the markets are having a pretty good day. Most of the major stock indices around the world are up nicely, and the cryptocurrency market is no exception. Tesla is up 13% just two hours after the opening bell, so no worries there.

Even bitcoin, which has been trending flat for the last few weeks, is finally showing a bit of upward momentum on the charts. Altcoins continue to outperform, some of them in double-digit percentage gains already today.

Dogecoin, however, seems to be an exception, as the meme network is experiencing a bit of a hangover after the massive runup. Though now that it's dipping and all the new users are in, it might not be a bad point to enter. At least as long as reality is in stasis, there isn't any real reason not to make money in these markets. Just so long as you can get out before the crowd does.

After all, if the new normal for the markets is all about the magnification of the Greater Fool Theory, there isn't much reason not to sit in the great hot potatoe pit, just make sure you're not holding it when the music stops.

Have a great day

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Like all good guides, we’ll begin with the basics.

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3 years ago