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To: FRinCanada2

When you look at the markets hour by hour, day to day, week to week it will drive anyone crazy.

Whenever I have doubt I zoom out on the time line, and you can easily see why it is a good investment. Thus, when in doubt zoom out.

The price charts I look at are coins at 6 months and longer. I actually have a good technique to picking out the winning coins. It works very well I would say 75% of the time.

Anyhow, when the market is down (red) I buy, buy, buy.

When the market is up (green) I hold or sell. If I really want to buy to pump a coin, then at most I will spend $100.

Any coin that I hold after a year or more, if it’s still down, and I am not happy with its progress. Then I will swap it out for a cheaper coin that I think has more potential. I do this because since it’s a loss there are no Capital gains. Plus it gives me more of the new coins.

This past year I did that. I had purchased a lot of Basic Attention Token 2 years ago, and it was not doing well. Anyway, I had purchased Cardano at .05 cents and once it doubled. I went ahead and made a move. Although the move took me an extra 48 hours (moving it out of the Coinbase vault and moving it to Uphold), and the price shot up to .35 cents when I finally did the big swap. The good news was the price kept rising. So it all worked out.

I have a big bag of Cardano now. Very happy with it.


98 posted on 05/23/2021 5:46:22 AM PDT by Enlightened1 ( )
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To: Enlightened1

Right now Cardano is trying to hold $1.


105 posted on 05/23/2021 9:49:34 AM PDT by montag813 ("Fallen, fallen, is Babylon the Great")
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