Live: Alternate trading & investing ideas
In today’s webinar I went through alternate trading and investing ideas. There has been a lot going in the news, so keep up with it as it will help you understand the markets better.
Recently, Judge Torres has granted summary judgment in favor of Ripple Labs, ruling that the XRP token is not a security, but only regarding programmatic sales on digital asset exchanges. However, the SEC also managed to notch a victory of its own, as the federal judge has ruled that XRP is a security when sold to institutional investors, as it met the conditions set in the Howey Test.
This is big news for crypto but only half the job done so far for XRP. It shot up 100% after the news and currently sits at $0.76. As I have said before never jump in on a bull run, wait for the price to pull back and then buy at a better price.
In my original webinar from October 2020, by taking an alternative point of view and action we made massive gains. I explained in the webinar why I think crypto has a real-world use, especially blockchain technology. You can view the mini crypto course in our member’s area below.
Why is BITCOIN attractive?
One reason is limited supply, if there is a limited supply of something then the price is eventually bound to go up. Its the same as GOLD, there is a limited amount of GOLD on Earth, which is why the price of GOLD for many years has been steadily going up as its getting tough to mine it and the demand is still there.
Currently according to the stats 19.5 million Bitcoins have been mined. There are only 21 million in total. There is a limited supply available to buy and the big investors are waiting to pile in to buy when the price drops every time.
So learn to think outside the box. Understand how investment banks and governments manipulate the news and can not be trusted. Be VERY scared about the implications of a CBDC. You have already seen an example of this happening in the real world when Canadian truck drivers were on strike. The banks froze all the protester’s accounts until they stopped. Here is an article explaining CBDC in more detail.
There are other ways to invest in crypto if you don’t want direct exposure. For example, Vanguard Now Owns $560 Million Worth of Bitcoin Mining Stocks. The $7.2 trillion asset manager now owns half a billion dollars worth of Riot Blockchain and Marathon Digital shares.
Warren Buffet who few years back said Bitcoin was rat poison has invested $1 billion in a crypto-friendly bank named Nubank, one of Brazil’s largest fintech banks focussed on cryptocurrencies.
Even BlackRock is the largest asset manager have decided to consider adding crypto into their investments.
Here is a channel I do follow for all crypto news.
Another person I follow for Gold and silver articles
The last article explains why it might not be a good idea to invest in stocks now
You can view the full webinar below: