A downtrend graphic

Should I stay or should I go (for it)...?

By Mumriken | Humans and Society | 29 Feb 2020


This paraphrase of a quote from a famous rock song came to me to day when I looked at my bitcoin account. We are approaching a halving of bitcoin, and there seems to be an almost complete consensus about that there will a bull rush sometime soon... 

But then there is Corona, which influences most economic areas negatively, and no one knows where this will end.

Now, a fairly common heuristic in stock market exchange is to sell when price is high, and invest more when prices are falling. I am not experienced enough to know whether the same is true in crypto markets, so I am now wondering whether it is wise to stay (and just wait for the halving with what I have) or if I should go for it and invest, although most cryptocurrencies seem to point downwards? 

NOTE: I don't expect any direct advice from anyone, but more a glimpse of how you think about this issue in a more general sense... I want to understand, rather than make the big hit (although I wouldn't mind that either of course!)

(This text is crossposted to uptrennd)

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Mumriken
Mumriken

Researcher on Support for Disabilities through IT (AI and Machine Learning) at Uppsala university, Sweden Xposts: 1) uptrennd: uptrennd.com/user/NTY2NjI 2) moomindad.wordpress.com 3) htogroup.org


Humans and Society
Humans and Society

Things are happening faster and faster in our society today. I work as a University teacher in IT, and I am deeply involved in issues concerning the little people in the big contexts. This the Mumrik's view.

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