bitcoin Records!

Two times today and the day is still young…

Wow, the bit­coin world is going crazy and so is cryp­to…

Today BTC or Bit­coin broke two record high events with­in hours of each oth­er. 

63,695.98  and 63,768.79 before sink­ing down to around 53,300  BUT the day is not over it is very pos­si­ble that we will see 64,000.00 and above either lat­er today or tonight. 

Some think that this is due to the “Coin-Base” Effect which in case you may not know is hap­pen­ing on April the 14th. 

Cer­tain­ly there is some effect and that is log­i­cal how­ev­er there are many oth­er fac­tors that are begin­ning to point to a large surge in price for bit­coin in the near future. 

There are a lot of peo­ple who have been hold­ing for years and i can imag­ine that this presents a real conun­drum for those peo­ple. 

Should I sell now while its high or should I wait until it goes even high­er?

Like­ly it will go high­er.  (that is not finan­cial advice)

Some are pre­dict­ing 110,000.00 by the end of this year and still oth­ers have made some rather let us say unlike­ly price amounts which I am some­what loath to men­tion but hey its the inter­net right, you prob­a­bly already heard this any­way but just in case… 

$400,000.00

Now, the chances of BTC going to $400,000.00 by Dec 2021…

I just can­not imag­ine it but also I could not imag­ine it going from 30,000 to 63,000 in less than 90 days either. 

(This is not finan­cial advice) 

I believe that the high for tomor­row may be up to $70,000.00

Now that would be a real Boon for Coin­base and for a lot of small investors as well. 

The thing here to remem­ber and again this is not finan­cial advice at all, not in any way shape or form. 

LOL. 

But the thing to con­sid­er here is that in order to real­ly prof­it from the buy­ing and sell­ing of Cryp­to you have to get it at an afford­able price or buy it while it is in the low end of the cycle. 

Like right now it is around 63,161.725

It will like­ly go down some and then back up again. 

IF you have nerves of steel, you could prof­it some. 

Again though it is impor­tant to remem­ber that if you are think­ing you can buy 10 bucks and make 10,000 well you are not real­ly in the right place to be invest­ing right now and that also goes for those that do not have any invest­ment capi­tol. 

Basi­cal­ly what this means is do not under any cir­cum­stances put your rent mon­ey into BTC. 

WE all know that it is going to hap­pen but it is a very Bad idea. 

Again, not finan­cial advice but log­ic dic­tates that you should nev­er Every Under any Cir­cum­stances risk mon­ey that you need in order to sur­vive. 

Gro­cery, Food, Rent, Car pay­ment, Gas, 

If you are liv­ing pay­check to pay­check, the best thing to do is to just ignore this com­plete­ly and work on get­ting into a bet­ter sit­u­a­tion where you have capi­tol that you can use in this way.   I know that sound­ed like it was advice but total­ly not.  

IF you are new to Cryp­to and are “think­ing of get­ting start­ed”  pre­pare to make mis­takes. 

You will some­times sell when you should be buy­ing and buy when you should be sell­ing. 

You will make mis­takes. 

One of the most com­mon mis­takes is using a man­u­al order form. 

A lot of peo­ple do not real­ly under­stand how they work and believe me some­times they do not work the way you think they do and some­times they do not work at all. 

So, be pre­pared to make mis­takes. 

But prob­a­bly the most impor­tant thing you can do is to edu­cate your­self. 

No that does not mean watch­ing a 3 min video on coin­base. 

They are infor­ma­tive but hard­ly pro­vide the in depth infor­ma­tion that you are going to need before real­ly start­ing to buy and sell, much less trad­ing. 

There are lots of peo­ple who are very expe­ri­enced at trad­ing that lose their shirts on Cryp­to so be very wary wab­bit. 

One of the things that you can do is to use a good ser­vice one that allows you to trade on “paper”  This lets you try out the sys­tem but the trades are not real, your using fake mon­ey to try out what trad­ing might be like. 

Also be very aware that just because you “fake trade” and see some suc­cess, remem­ber your actions are like­ly going to be influ­enced. 

Basi­cal­ly what I mean by that is that when you are play­ing monop­oly its dif­fer­ent than say you were to play monop­oly for real mon­ey. 

Mon­ey tends to kind of change the way you feel when you are trad­ing. 

When sub­con­scious­ly you know its not real you will take risks that you will not feel com­fort­able with tak­ing when it is the real thing. 

Also you might feel over con­fi­dant and take that risk and then watch in “hor­ror” as the price drops and drops and drops just after you made that trade. 

Hey it hap­pens to every trad­er out there. 

The bot­tom line here is some­times you win and some­times you lose. 

Nev­er Risk some­thing that you can­not afford to lose. 

IF you can­not afford to lose your Auto­mo­bile, then you cer­tain­ly should not be risk­ing the price of that auto­mo­bile on the off­hand chance that BTC will go up…

You can trade with as lit­tle as a few hun­dred dol­lars but hon­est­ly you will not like­ly see much prof­it. 

The thing is you do have to start some­where and loos­ing a few hun­dred dol­lars while gain­ing an edu­ca­tion on how NOT to do that again…   Price­less edu­ca­tion but only if you can afford to lose that mon­ey. 

We say this all the time. 

Nev­er Risk what you can­not afford to lose and peo­ple still do it any­way.

Like your wife or your girl­friend. 

Tempt­ing I know but seri­ous­ly its not going to end well if you do some­thing like that. 

All humor aside, This Real­ly is not finan­cial advice. 

Buy­ing and sell­ing cryp­to can be fun and reward­ing but it can also be like star­ing in your own hor­ror film one where you end up with­out your shirt or you pants. 

Seri­ous­ly read up on this stuff because there is a lot to learn and no mat­ter how much you think you know now…  You do not know enough…