Buy On Bad News Sell On Good News

Buy On Bad News Sell On Good News
                                                                                                Buy On Bad News Sell On Good News

                They say buy on bad news and sell on good news. The outbreak of the coronavirus that originated in China earlier this year is restructuring the medical and financial systems that we have all become reliant upon. We can only hope that the decisions made concerning the virus are wise and will help deescalate the growing public fears.

            The WHO which stands for World Health Organization recently upgraded the outbreak to a pandemic, which was a wise decision with the continuous spread of the virus. But every action has a reaction and we are witnessing that today with the steep financial market declines.

                The recent events that just transpired with Donald Trump creating a travel ban from Europe and the stock market sharp decline will put the best investor to the test. I agree that a travel ban should have been put in place, but this will also expose the severity of the situation and will force the general public to stop and take note.

         This drastic measure was somewhat ignored when it was done to China because everyone knows that they are a trading partner, but that’s about it. China is closer to becoming a full blown enemy of the United States if political and imperial behaviors of both nations do not change in the near future.  Creating a travel ban with a close ally like the European Union has made everyone stop and think.

                Donald trump is a businessman with international ventures all over the world. If anyone realizes the significance of such a decision it’s him. This preemptive strike against the coronavirus also known as COVID-19 will ripple across the world and will cause mass shortages in everyday supply lines. All financial markets responded today with extreme losses and are still going down as I am typing.  But with such a response, could this be potential for an opportunity if done properly? The answer is yes, but patience, fortitude, and instinct will be required.

                The saying buy on bad news and sell on good news is easier said than done. When you are watching your portfolio lose 25% to 40% percent of its value in a single day does not trigger a buy attitude in the typical investor. The average investor starts to panic sell, which increases their loss in the long run.

         I have learned over the years that the financial market can be very turbulent at times, but this is the natural progress of the financial system. Nothing and I mean nothing goes straight up forever, and when it does, it’s a clear sign that you are in a bubble. Guess what folks, the bubble just popped, but I never thought it would be a virus that would cause this climatic state.

                When I looked at the state of the cryptocurrency and stock market today, I saw nothing but opportunities presenting themselves. Here is the catch though. When has the market bottomed and how to tell that things have stabilized? Do I actually have money to invest right now or do I need to remain liquid?  

           This is where instinct comes into play and a bit of fortitude and common sense. Instead of chasing the market down, I have learned that it is better to start buying once the market has started to reverse its course. This system is very easy to follow, because as long as I see red across the board, it is a clear indicator that the market has not fully corrected itself yet.

                But once I see green consistently appearing, this tells me that the market has stabilized and it’s time to follow the old trusted quote” buy on bad news, sell on good news.” There is literally a buffet of stocks and cryptocurrencies that are undervalued right now and will reap profits for those who are willing to have foresight into future.

         But for now, patience is very important because there are still a lot of decisions being made that will affect the markets.  For example, Disney World just announced that they will be closing all theme parks until at least April. It’s difficult for me to imagine the amount money at play with Disney World due to their sheer size and operating cost. This will have an immediate ripple effect across the state of Florida and travel industry.

                The cryptocurrency market has also been very volatile with Bitcoin experiencing a record loss yesterday that rippled across the new fledgling financial industry. I still believe that blockchain technology will change the world, but for now I will be on the side lines waiting for the perfect opportunity. I see so many crypto projects that are 25% -40% down that I want to scoop up, but I still see red. Until there is majority green on a regular basis, I will stay on the sidelines.

                In conclusion, please note that I am not a financial advisor and just some guy on the internet voicing his personal opinion. The financial world is unpredictable these days, but with like all other bubbles and recessions, the markets will correct themselves over time. Just remember to have patience, fortitude, and instinct while following the old trustworthy quote, “Buy On Bad News, Sell On Good News”.

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Buy On Bad News Sell On Good News

Cryptocurrency Revolution – 2020

Cryptocurrency Revolution
                                                                           Cryptocurrency Revolution

Have you ever tried investing in cryptocurrency,

I sure wish there was more transparency,

Most know its a high risk investment,

But we want to take part in the new currency testament,

No more trust in government controlled fiat money,

But who knew Satoshi Nakamoto would tap into their bowl of honey.

So here we stand with our little financial revolution,

That will someday rid the world of malarkey paper money pollution.

With Ethereum an other altcoins nipping at her heels,

Bitcoin will always have our golden seal.  

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Etoro Cryptocurrency Exchange Review

Etoro Cryptocurrency Exchange
Etoro Cryptocurrency Exchange Review

As you may already know, I am a staunch supporter of cryptocurrency and I am always looking for different ways to purchase and store my currencies. You will often find me reading articles and watching Youtubers that specialize in crypto. While doing my research, I often see advertisements for Etoro Cryptocurrency Exchange , but I never paid much attention to them due to the fact that there are so many options out there in the marketplace.  Etoro finally caught my attention last week with the new “Copy Traders” feature so I decided to give them a try.

While exploring and testing out the Etoro exchange, I decided to do a Etoro Cryptocurrency Exchange Review to help others along the way. AS you may already know, choosing the correct exchanges can make and break traders in the cryptocurrency realm.

The Copy Traders feature allows you to set your Etoro account to follow and mimic the trades of various Top Traders on Etoro. Instead of doing hours of research, I can now just copy a top trader and wait for the profits to pile in.  That is what the commercial stated, but of course we all know investing does not always work like that. The concept sounded too good to be true but I couldn’t pass up the opportunity to earn some easy gains so I set up an account with Etoro.

The initial sign up for Etoro Cryptocurrency Exchange is relatively painless and easy. They do require KYC which is an abbreviation for “Know Your Customer”. Many crypto fans hate this law because the original vision of Nakamoto Satoshi, the creator of Bitcoin which led to the creation of all cryptocurrencies was to get away from the ever watching eye of governments and fiat currencies.

For me, I don’t mind that much because I choose to pay taxes on whatever my gains are and to stay in good legal standing. During the KYC process, they will ask you to provide everything that you would for a new bank account. The one item not required that is required by other investment firms is a copy of your driver’s license.

Once all that is done, they forward you directly to the deposit feature that lists a large number of banks. Unfortunately, my preferred bank was not listed and this sent me scrambling for other methods to fund my account. They do offer wire transfers, but this requires a minimum transfer of $500.00 and I was not willing to deposit that much on a test run.

I decided to contact their customer support and was very pleased with how quickly they responded to my email. The answer wasn’t what I wanted to hear, but at least I got a prompt answer. That’s major thumbs up for Etoro because lack of quality customer support is a problem with a lot of exchanges. Eventually I remembered that I had an account that I haven’t used for some time and it was listed under available for deposit. The minimum for deposit is $50.00 so that’s exactly what I did.

Once officially in, the first thing that I noticed is that the number of listed currencies was limited. They offer trading for Bitcoin, Ethereum, Bitcoin Cash, XRP, Dash, Litecoin, Ethereum Classic, Cardano, IOTA, Stellar, EOS, NEO, Tron, Zcash, and Tezos. To a new trader, this appears to be a lot of options, but in reality it is not.

They have listed some of the most popular and reputable currencies on the market to avoid as much volatility as possible in an unpredictable crypto market. I was quite pleased to see Cardano listed. This is currently my favorite project led by Charles Hoskinson and I believe that it has potential to rival Ethereum someday, but I will save that for another blog.

Once I saw the investment options available, I knew Etoro was set up for beginner and novice traders. I don’t think that is a bad thing, but it is good to know who their platform is designed to service. Other trading platforms offer over 200 different cryptocurrencies, but many of them are extremely high risk and should be avoided unless you are an experienced trader. Etoro offers a very easy to use straightforward website, while the more advanced exchanges can be quite confusing at times. I had to appreciate the simplicity of their design.

I then started to browse through the various Top Traders and look through their portfolios. When I finally found a Top Trader with the track record that I was looking for, I decided to copy their account but was unable to. It turns out that you can open an account with as little as $50.00, but you need a minimum of $200.00 deposited into your account before you can use the “Copy Trader” feature. I was a bit disappointed at first, but so is life. I decided to invest half in Tezos and the other half in Ethereum Classic.

So, what do I think ? While doing the Etoro Cryptocurrency Exchange  review it became apparent that Etoro is perfect for a new fledgling crypto trader. I remember using other exchanges when I first started out with cryptocurrency and spending hours before fully understanding what features they were offering and how to navigate through the website.  If you are an advanced trader, you may be disappointed with Etoro and will feel that they are not the best fit for you. But if you are just looking for ease of trading or trying out the “Copy Trader” feature, Etoro is the exchange for you.

If you have found this Etoro Cryptocurrency Exchange review helpful and you are planning to join Etoro, please use one of the Etoro Cryptocurrency Exchange links found throughout this page. I will receive credit from Etoro and the money earned will help me keep my website up and running. If you choose to go directly to Etoro, that is fine too. Happy trading with whatever exchange you plan to use

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Etoro Cryptocurrency Exchange Review