We are in the midst of a LOW VOLUME consolidation within that beautiful triangle on the chart there and I suspect an upside breakout based on the sector strength alone. XRP is IMO the DIGITAL ASSET to own during the death of the WILD WEST crypto market. Let's face it, crypto became a NEW ASSET CLASS in 2017, it isn't going away. It has a real life use case. Moving value at the speed of, well, LIGHT is a HUGE DEAL. YUGE even. I've made the bull case in previous posts so I won't bore you with my speech again, just check the other ideas...
That said, some next generation GOOG's, AAPL's, and AMZN's will come out of this revolution and I think the folks on the sidelines scoffing and screaming doom & gloom are going to feel silly when their grandchildren ask them what they were doing when all this was going down. I missed AMZN because I couldn't see the forest for the trees, "Why the hell would I pay 80x earnings for an online bookstore that doesn't earn a PROFIT?" -Me circa 2007...ugh.
Maybe I'm completely wrong and we crash and burn like Buffet and Munger say, but hey, they missed AMZN & GOOG too. So, there's that.
That said, some next generation GOOG's, AAPL's, and AMZN's will come out of this revolution and I think the folks on the sidelines scoffing and screaming doom & gloom are going to feel silly when their grandchildren ask them what they were doing when all this was going down. I missed AMZN because I couldn't see the forest for the trees, "Why the hell would I pay 80x earnings for an online bookstore that doesn't earn a PROFIT?" -Me circa 2007...ugh.
Maybe I'm completely wrong and we crash and burn like Buffet and Munger say, but hey, they missed AMZN & GOOG too. So, there's that.
