Trade Idea: Generational Buy?
Since I've been dancing in the crypto circles, the phrase generational buy opportunity gets thrown out a lot. I'm not saying this is one of those, but I'm not saying it isn't either.
This is a generational buying opportunity.
-Guy who lost 90% of his wealth in Terra LUNA
I’m kidding. That isn’t a real quote. But I’ve seen a lot of guys on Twitter lately saying things like “generational buying opportunity.” Most of them are referring to Bitcoin. I like the bitcorns too, but let’s slow down there, 20-year-old Robinhood trader. I don’t know if it’s a generational buy opportunity or not but here’s a fun fact; Bitcoin and Gold both did something yesterday that neither do very frequently. I’m talking an action that generally only happens once every few years. And again, both of them did it yesterday. Any idea what it is fellow market participants?
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