Market Observations and Tidbits of Financial Wisdom..
Bitcoin price has been tumultuous but stable- going between $6000-7000-ish USD the last 2 months or so. Will look into more altcoins and technologies soon. Honestly, most are not worth the time. It is easy to see why the market is as it is due to the fears (of government regulation) and concerns of the day as well as other factors. Much of the excitement has calmed down since the “bitcoin and blockchain are a panacea!” snake oil HYPE grip has waned off the masses. Down goes the drop off the mountain.... how far will it go no one knows. This is why it’s good to have a diversified portfolio... don’t just invest in cryptocurrency- look into a well-rounded portfolio as part of risk management plan in case shit hits the fan. Not saying it will. Just saying that it’s always a good idea. And of course, buy low and sell high. Don’t put in what you can’t afford to lose. Ideas to round out portfolio may include but are not limited to: traditional stocks, corporate or savings bonds, and precious metals.
Diversify your portfolio but don’t over-do it. “You reap what you sow” is an excellent saying- as many farming operations can be likened to business operations and life. Some endeavors will thrive and others will die- but with calculated moves, one can limit the latter.
