My Purchases and Reasons Behind Them: Exploring #shorts and #crypto

by | Aug 11, 2023 | Roth IRA | 6 comments




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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research….(read more)


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HERE’S WHAT I’M BUYING – AND WHY #shorts #crypto

With the growing popularity of cryptocurrencies, more and more people are looking to get involved in this exciting and lucrative market. As an avid investor myself, I wanted to share my current buying trends and explain the reasoning behind my choices.

1. Bitcoin (BTC): Bitcoin is the original cryptocurrency and continues to dominate the market. Despite occasional price fluctuations, it remains a strong and reliable investment option. The limited supply of Bitcoin, coupled with its growing adoption around the world, makes it a long-term winner in my portfolio.

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2. Ethereum (ETH): As the second-largest cryptocurrency by market capitalization, Ethereum offers tremendous investment potential. Its blockchain technology enables developers to build decentralized applications, adding value and utility to the underlying token. Additionally, the upcoming Ethereum 2.0 upgrade promises to improve scalability and energy efficiency, making it an attractive investment for the future.

3. Cardano (ADA): Cardano is a blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications and smart contracts. With a strong emphasis on academic research and peer-reviewed technology, Cardano has gained significant attention within the crypto community. Its roadmap promises exciting upgrades, including the implementation of smart contracts, which could attract further adoption and increase the value of ADA.

4. Polkadot (DOT): As a multi-chain blockchain protocol, Polkadot aims to connect different blockchains, enabling interoperability and fostering a decentralized internet. With its unique approach, Polkadot offers a solution to issues like scalability and security that often plague other blockchain networks. This innovative project has the potential to revolutionize the industry, making it a solid investment choice.

5. Solana (SOL): Solana is a high-performance blockchain platform that boasts lightning-fast transaction speeds and low fees. With its focus on scalability and decentralization, Solana has gained attention as an alternative to Ethereum. Its ecosystem continues to grow, attracting developers and investors alike. As the demand for efficient blockchain solutions increases, SOL stands out as a promising investment opportunity.

6. Axie Infinity (AXS): Although not a cryptocurrency itself, Axie Infinity is a blockchain-based game that has taken the world by storm. Players can collect, breed, and battle digital creatures known as Axies, all while earning cryptocurrency rewards. The game’s popularity and tremendous growth potential are the reasons behind my investment in its native token, AXS.

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It’s important to note that investing in cryptocurrencies carries risks, and thorough research is essential before making any financial decisions. Prices in the crypto market are highly volatile, so it’s crucial to have a long-term outlook and a diversified portfolio to minimize potential losses.

In conclusion, the cryptocurrency market offers immense potential for investors. By carefully selecting a range of established cryptocurrencies and promising projects, such as Bitcoin, Ethereum, Cardano, Polkadot, Solana, and Axie Infinity, investors can position themselves for potential gains in this rapidly evolving space. However, remember to do your own research, consult experts, and only invest funds you can afford to lose.

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6 Comments

  1. Tim H

    I have to say Rob, I greatly admired your calm balanced approach but you steered me into some real shipwrecks last bull market such as Voyager, Celsius etc. Made a BTC maxi out of me, I'm glad to say anyway.

  2. TheRizz

    I am slightly shocked you don't have Cardano on this. Not mad… Just shocked.

  3. Gary Reid Backing Tracks

    I'm looking forward to '25 and the "Here's what I'm Selling" videos…

  4. Jordan Utt

    Agreed; good strategy, though I am heavier weighted in different Altcoins. A little more swinging for the fences …

  5. Anatoliy ilo

    Making money is an action. Keeping money is behavior, but “growing money is wisdom”. I found this out a week ago after getting a $10,000 return on my $3,000 investment in 7 days.

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