Anyone who is thinking about buying an asset such as the US stock exchange should read this first

I love cheap assets

Today, 3/11/2020, I woke up to see all the markets in red. We have coronavirus news and oil selling off. These are just a few of the many reasons. For a while, we've expected a market cooling off. Most experts predicted 2020 would be the year.

Market cooling-offs don't have to be evil. In fact, it's necessary for the market to survive. Boomers have a lot of stock in mutual funds and 401k's. The FED has little to no alternatives for retirees with interest rates close to negative. However, they shouldn't be excessively exposed to stocks and equities.

Playing reindeer games

I am looking forward to seeing what I can purchase, despite the market being in red. I switch on Squawk Box, CNBC's crappy financial commercial. They tell me that the S&P has "circuitbreakers". If the price drops by 7%, the trading day is halted for 14% and another pause trigger. They pack up and head home if the market drops 20%

Smart buyers don't find this fun.

Many of us have done extensive research and are looking to purchase assets at a low price. Why should millennials be priced out? After coming of age in a crash that saw no recovery, we already feel negative about Wall Street. We have chosen crypto trading over stocks because of the high barriers to entry.

I am thankful that my exposure to stocks has been limited because the market is dying. They are selling assets to make ends meet. BTC circuit breakers will mean that I can't make sats from weak hands if they put them on. I find it funny to think about the bitcoin network going down. These are the things that make me smile, because I don't need traditional markets very often.

Bitcoin holds the owners

BTC theory goes far beyond miners and 51% attacks. Coinmonks recently published a detailed article that explains the psychology of holders and how they affect the market. This is what I consider the most interesting and rarely discussed information.

Stocks will be my next priority if there is blood on the streets and BTC above one million USD.

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By: Satoshi Knotabolo
Title: Why Millennials Shouldn’t Buy Stocks (Until They’re Wealthy Enough)
Sourced From: medium.com/@satoshiknotabolo/why-millennials-shouldnt-buy-stocks-until-they-re-wealthy-enough-b2c036998211?source=rss-3a66ed4955------2
Published Date: Wed, 11 Mar 2020 20:50:50 GMT