I claim no particular area of expertise. I am however, an investor that spent the year dividing my time and money between the markets and the crypto exchanges and I am a contributor to one of the largest crypto groups on Facebook. For any of you that are convinced that crypto is Monopoly money or that the Blockchain isn’t that important, move right along, nothing to see here, try the veal next time. What is ironic is that my crypto cronies are as dismissive about wall st as some of you may be about crypto. Straddling this fence this year has provided me some insight as I have embraced both asset classes.
A particularly frustrating part of crypto is that BTC lords over all coins and defi plays to the extent that everything crypto moves as one. If BTC is down, the top20 coins are down as well. Wall st has been around long enough to where stocks maintain enough independence to trade with less dependency on each other. On the flip side, it has been relatively easy to identify Cryptocurrency Winners and most of those have doubled or tripled the gains of BTC.
Here is the good news for you market lovers. You can absolutely leverage the success of crypto without ever leaving the comfort of the markets. And so
Far it seems that there are some leading indicators that BTC seems to reveal that will allow You to take your market positions With a few days of lag from BTC. So the key is to make the effort to be in both worlds so that you are capable of gleaning the insights that are provided by speaking both languages.
If you are currently involved in crypto I would love to hear your stories, and if you are not I would be happy to answer whatever questions I am capable of. Of course, as always, Input from Travis would be most important and beneficial to the group.
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.