/biz/ - Business & Finance

That the crypto market is tightly correlated with the stock market. That being said and shown, my strategy is probably like many others here; to wait until after the election. The ‘reason’ for stocks dumping today is an uptick of COVIcases. Doesn’t take a genius to see what the left is doing, is going to do or will attempt to do.
>Second Wave
>Contested Election
>Stricter Lockdowns
>(((DARK WINTER)))
This will cause another panic selling wave down. Don’t see the Dow going below 20k again this time, but the dump will bring crypto with it. May be a short window of opportunity in the days/weeks following Election Day. Have about 250kUSD sitting on the sidelines. Hold a majority of my worth in BTC/ETH/LINK and will continue to hold through the decade. Looking to dump most of my fiat stack into these assets following the shitshow that will be 11/3.

>>21337422
As far as an exit strategy, I don’t have one just yet set in stone. Common sense tells me to take profits now just by looking at that fucking chart...
But common sense also tells me not to sell a single stinky PiNKy before a Coinbase listing.

>>19041312
No one knows, and no one will ever know. Though, a wise one once said to me the following...
>Those who know do not speak; those who speak do not know.

>>18560622
Those who know do not speak; those who speak do not know.