12/7/2020
Stock Markets vs. Bitcoin today! Which portfolio won?
Hello my name is:
Lilly, some friends call me Lilly V. and I am a trading addict. LOL
The S&P closed lower today which is no surprise from the record high on Friday. The market has hit overbought territory in beginning of November. Trading Volume hit all-time highs during the thanksgiving holidays. People bored stuck inside are playing the markets trying to turn $1 into $100. Wall Street knows it, and went on a selling spree today, luckily, I sold most of my stocks on Friday while they were getting pumped up during afterhours trading.
Bitcoin hit a High of $19 million +, once it was mentioned on CNBC, people un-loaded their crypto and pushed down Bitcoin down to the $18 million. Which is a good time to buy during the dip. By the end of the day, my Crypto portfolio beat my Stock Market portfolio. I will see tomorrow if my portfolio’s reverse's in hopes of people buying back up their stocks that they dumped the previous day.
Some people tell me that Wow Bitcoin went from $18,913.43 to $19,130.47. Those are big numbers, but are you really gaining much trading the BTC on dips and high points? Really the most movement of the day was between 1% - 2% difference. Now with fractional shares and green energy moving so fast, you can put $5 into a green stock and see 10x the growth in 1 day then bitcoin. 1% is 1%, 32% is 32%. Does not matter if it's bitcoin, hydrogen, gold, IBM, Virgin Galactic. You put $5 in either security, eventually one will beat the other. Some people just look at the price change and get excited about it and Fear of Missing Out settles in. I bought some cheap stocks for $0.26 and beat bitcoin with a growth of 46%. Another stock I bought for $5 and made $15 off it in 2 days.
I first started my trading career with Bitcoin, crypto's on BINANCE and other "tough" looking platforms, with so many number's, lines, graphs, it's enough to scare off a mathematician. I finally gave up on Crypto trading once I started trading some Robinhood and realized how awesome I was at it. That is another story. Point being that if you can handle trading Crypto and the crazy volatile Market, trading in the stock markets with all the old dudes is a walk in the park. Even the big guys of wall street can't hang with the Crypto traders, except for the few huge hedge fund managers that understand bitcoin and are Market makers and not traders. More to come on all that.. .. Unlimited conversations about the markets and future.
Check out my links below if you want to get FREE stocks for both of us! Great time to have a Stock and Crypto portfolio. I figure everyone here probably already has a crypto platform. Thank you for helping me out in these tough times, I know we all could use extra cash to put food on the table. I always return the favor and check out your articles and links. Tho I think I am signed up with probably every stock, crypto trading platform there is. lol. For helping people out by signing up on their links.
Stay Safe,
xxx
Lilly
Robinhood:
In case you haven't tried out stock investing vs. Crypto. CLICK on the link below and we both get a FREE stock if you sign up! Robinhood is a good place for beginners that want to get into stocks. I recommend just buying a few fractional shares of the big names, take it slow, and learn. A good way to balance your portfolio. They offer crypto, but trading crypto on there is lousy and don't do it often except for lately. It has been a good hedge!
https://join.robinhood.com/voytekk
WEBULL:
Better than Robinhood, no fractional trading, but full of NEWS, resources and Analyst rating. Awesome for details. I graduated from both and use bigger platforms, but I always use Webull everyday to see a layout of all my charts and keep an eye on Bitcoin! I will have to make a full page of the Exchanges I've used and my opinion on them. STOCK TRADING ISNT FOR EVERYONE, PLEASE BE CAREFUL WHEN TRADING! But Less volatile then Crypto. I recommend a separate Crypto platform for you Crypto portfolio and one for your Average stocks. Also helps you to not get to excited, freak out about 1 NEWS report that causes you to dump all your Bitcoin to buy up a stock and then suddenly Bitcoin goes up. It has saved my butt during those FOMO knee jerk reactions. I would have tapped into my Crypto portfolio and be at a loss today.
https://act.webull.com/vi/Xac9aSTEtess/iiv/inviteUs/
https://www.publish0x.com?a=4zbqjA82dp
