There has been serious profit taking today! The only reason that the markets haven't taken a serious plunge downward, is because there are Many People standing ready to snatch them up! Me included, and Probably You. If not then you need to reconsider! All indicators point to a nearby time, where there will be almost a panic buy. All it will take, is the next wave of inflationary prices! Because of the massive creation of money, out of thin air, this is inevitable! Most all of the Traditional Investment Firms are calling for their clients to diversify heavily into Gold. There was some serious profit taking earlier today, but, the Precious Metals Prices have recovered, to some extent. No one has a crystal ball! With that being said, we can predict near term and far term price increases, by simply looking at the Wrold's Economic Woes and other Historical Data!
Although, not a traditional investment vehicle, Crypto Currencies are most likely to follow the same path. As more and more people become Crypto Savy, the demand is sure to increase! From the information, i was able to gather today, much of the profits taken, were with the intention of reinvestment when the prices dropped low enough. Guess What? They haven't dropped very much at all! There will no doubt be some seller's remorse, when all is said and done.
I am no Professional Financial Advisor! With that being said, I am highly educated and I can clearly see the writing on the wall. I am scrambling to find the necessary funds to put into the most promising preservation of my finances. That group mainly consists of the Major Cryptos(Most especailly BitCoin and Tezos), Precious Metals, and Investment Grade Coins. It would be wise for all to seek diversification! After all, we do not live in a perfect world. If you place all of your eggs into one basket, you will suffer greatly should that basket break or fall.
I hope my perspective gives you food for thought. I also hope you prosper and find wise ways to preserve your financial health!
Thank You for Your Time, Attention, and Interest!