The start to 2024 was very successful. My positions in $BTC, $BTCXLM and $ETH have all performed well. Bitcoin traded close to the all-time high and many traders are expecting a short-term setback. I am not interested in short term trading but continue to follow Monish Pabrai's strategy: "Few bets, big bets, infrequent bets". Those who allow themselves to be distracted by small market movements will not be successful in the long term. This is especially true in the crypto market. How many traders have sold because their chart analysis predicted a setback, only to miss the decisive price surge?
The Bitcoin wave is not breaking yet and therefore I remain invested, regardless of whether we see a 10% or similar drop in the short term.
The same goes for $BTCXLM . Short-term fluctuations are irrelevant as long as the long-term trend is intact. And this clearly shows that $XLM has been outperformed by Bitcoin for years. I see no signs of this trend breaking in the coming months. I am well aware that altcoins have always followed suit after a Bitcoin upswing. However, this trend weakens when we talk about small altcoins. Here, the market has understood that there is no relevant use case and coins like $XLM will never prevail against Bitcoin.
Feel free to contact me about my strategy, which has proven itself over years... Show More
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