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4 tweets,
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1/ a short thread on cyclical (short term) vs secular (long term) investing, and crypto
secular investment trends take a long time to play out, and are often driven by a paradigm shift / once in a generation event. @amazon $AMZN is a great example.
secular investment trends take a long time to play out, and are often driven by a paradigm shift / once in a generation event. @amazon $AMZN is a great example.
@amazon 2/ if you bought Amazon at its peak in 2000, you were out of the money for *seven* years.
Amazon was part of a cyclical trend in internet stocks in 2000.
however, over the last 20 years, $AMZN has been one of the best investments. secular > cyclical.
Amazon was part of a cyclical trend in internet stocks in 2000.
however, over the last 20 years, $AMZN has been one of the best investments. secular > cyclical.
@amazon 3/ if we look at bitcoin investing, it follows the cyclical trend outlined by the brilliant @CarlotaPrzPerez in her book "technological revolutions and financial bubbles"
bitcoin is a secular investment (if you zoom out, up and to the right) that operates in cycles
bitcoin is a secular investment (if you zoom out, up and to the right) that operates in cycles
@amazon @CarlotaPrzPerez 4/ instead of focusing on short term volatility (or a momentum trading), focus on your level of conviction around the *secular* trend for bitcoin.
would you want to be "long" bitcoin for 10 or 20 years? secular > cyclical.
not financial advice! DYOR 🙏 and stay safe.
would you want to be "long" bitcoin for 10 or 20 years? secular > cyclical.
not financial advice! DYOR 🙏 and stay safe.
