Somewhere along the way I think people forgot that we’re only in the market to make money.
This is a very selfish endeavor.
Who cares what other people are doing with their investments?
Why should it matter to me that someone else may or may not be trading recklessly in the NFT space?
That’s their problem.
With the prices of Cryptos and NFTs having wild swings (mostly up lately), you see some of the people not involved criticizing those who are.
They feel like they’re somehow superior because they can’t bother with such things. Usually, it’s because they haven’t taken the time to understand it, which is a whole ‘nother story.
But if you want to stick to stocks and ETFs, you’re entitled to do that. We all have different objectives, time horizons and risk tolerance.
But why should it matter that others are making (or losing) money in Crypto or NFTs?
Worry about yourself.
Worry about your own portfolio.
If others want to blow themselves up trading recklessly, let them.
If new millionaires, or even billionaires, are created with these assets, then that’s cool too.
I don’t really care.
And you shouldn’t either.
This is a selfish endeavor. Let’s go make money for ourselves and not worry about what other people are doing with their money.
We follow trends here at Allstarcharts.
It doesn’t matter what it is. We could be buying bank stocks, semiconductors, junk bonds, healthcare, uranium and even crypto currencies.
It’s just letters and math.
With many Crypto’s in strong uptrends, it’s been a wise choice for us to go down the defi rabbit hole.
It’s been fruitful for us and our audience, and it’s also been a lot of fun learning about all these new Cryptos.
If you’ve missed the Ethereum and the Solana and the Cardano and so many others, I’m not sure what you’re waiting for.
There’s been more opportunity there than in any other asset class this summer.
Let me introduce you to the Sandbox.
This one is flirting with cracking the top 100 Cryptos and is an emerging leader in the Video Game space.
If you know me by now, you know this base stands out. More importantly, you know the risk vs reward also jumps out at me.
The bottom line is if $SANDUSD is above those Spring highs we want to be long. If it is not, then we do not want to be long.
It’s pretty binary, and the risk vs reward is very much skewed in favor of the bulls!
If you’re not already receiving our daily Crypto notes and videos, give Peter a shout and have him add you to the list.
Enjoy the weekend!