I'm sure you've all been hearing $XRP hype. But despite crossing $3 today, have a look at who is selling, & who is buying.
It's clear that institutions don't expect much more mileage out of this coin. Maybe 10-20% more at best. But I'm not buying when institutions are selling to retail.
Despite all this conflict & market uncertainty, $BTC has shown remarkable resilience over the past month, with net inflows into Exchange Traded Funds (ETFs) during the same period.
Further, whales & institutional investors seemed to be the ones supporting a #BTC price floor of around $98,000.
Expect any dips up to around 95k to be a chance to average down your spot position.
When I started trading on Binance, I found myself constantly watching the screen, spending hours on micro movements on the 15m time frame.
But then I realised that crypto doesn't have to be an obsession. So now, I treat it like I treat my stock portfolio:
I only invest in things I understand, & believe in the long term potential of. So even when $BTC , $ETH or $PAXG are down, I see it as an opportunity to buy the dip.
I place limit orders, check the markets for a few minutes every day, & don't sell just because I've made a few % profit, only to have to buy it back a few minutes or hours later.
Buying physical gold 🪙 is expensive, & doesn't make sense for amounts smaller than 10 grams because of dealer premiums.
But now you have $PAXG
This coin is backed 1:1 by physical gold, & follows the spot price of gold in international markets. What's even better is that you don't need thousands of dollars to invest!
The image shows the price rise in gold over just ONE YEAR.
Feel free to zoom out & look at even longer timeframes. Gold is always going up.
Go long on $PAXG at current market prices & hedge against volatility, economic downturns, & deflation.
You can thank me in a month, in a year, & again ten years from now 💰
A closure of the Strait of Hormuz — even if temporary — would be an extremely disruptive black swan event. It's one of the world's most critical energy choke points, with ~20% of global oil and a significant portion of LNG passing through.
If Iran closes the Strait, even partially, expect the price of oil to skyrocket in the short term, with a corresponding rush to safe haven assets. Altcoins will see a massive dump, though #BTC & #ETH may recover losses quickly.
I recommend going long with #PAXG via the spot market, as gold is seen as a hedge in volatile times. Downside is minimal, but there's room for tremendous upside in the short term. Set sell limit just under 3,600, just in case of a spike in prices, to profit quickly.