Fabio Leal dos Reis @TheVoyager: "If you don't have patience,..."

Germany

If you don't have patience, you won't be a good crypto investor Hedge fund manager Charles Edwards from Capriole Investments talks about a “bore you to death phase” on X about $BTC . According to Edwards, the phase should last 1 - 6 months and bore investors to death with a sustained sideways movement. I wonder how someone who is already bored by six months of low volatility can be successful in the stock market? This applies not only to crypto, but also to $NSDQ100 or $GER40 . But especially in connection with crypto, expectations are all too often raised that those who invest at Christmas will be rich in the summer or will at least have doubled their investment. The fact that such expectations are often nurtured by experts is particularly unfortunate, as their funds benefit when “bored to death” retail investors withdraw from their investments too early. Mr. Edwards is doing the right thing by setting investors up for a longer sideways movement. However, the wording to describe a natural period of low volatility as “boring to death” is symptomatic of much of the crypto scene, also when it comes to $ETH , $ADA or $XRP . In the past, Bitcoin has traded sideways more often than up or down and that is quite normal. The recent sustained upward movement from October 2023 to April 2024 is therefore more the exception than the rule. Prior to this, we experienced a sideways movement since June 2022. I wouldn't be surprised if the upcoming, quieter phase lasts far longer than six months. As I wrote in my assessment at the beginning of the year, I consider reaching and holding the $70,000 mark to be a healthy development for 2024. Those who find the stock market boring when nothing happens for a while should better go to the casino

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BTC

Bitcoin

NSDQ100

GER40

ETH

Ethereum

ADA

Cardano

XRP

XRP

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