Price BTC = 10821
Bitcoin (BTC) is at a lower risk level to buy. A number of metrics I've pointed out in prior reports suggest numerous tailwinds at hand, now and in the future, for bitcoin. Despite Trump's and other governments attempts to talk down bitcoin, it relentlessly moves higher over the longer term.
As with all cryptocurrencies, expect high levels of volatility so position size in line with your risk tolerance levels. While coins can easily run up a few hundred percent over just a few months or less, they can also "stall" by drifting lower, retracing half or more of their gains before moving higher again. Thus a coin that runs up 500% that retraces at least 50% would have every $1 invested soar to $6, then retrace over ensuing weeks back to $3 or lower.
Timing has been trickier in this current bull market that began in Dec-2018 as bitcoin has outpaced most all coins since then, with just a few such as some of the ones shown in the crypto picks list outperforming BTC.
Crypto Report - BTC buy / Crypto Brief
|Published:||3 Aug 2019 10:33 ET|
Like what you read?
Let us help you make sense of these markets by signing up for our free Market Lab Reports:
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2023 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.