Is it time to Crowd into Blockchain Stocks again before the Robinhoodies? $RIOT $MARA $CAN etc.
With Bitcoin and Crypto looking at breaking out from a massive bear market that has lasted over 3 years, is it now time to trade the speculative (while likely possible bullshit) stocks in the Nasdaq. If you remember a few years ago with the likes of $RIOT, this stock went from sub $5 to $40. These are massive gains that you can make quickly in your trading accounts that are unable to trade in crypto.
$RIOT
$MARA
$CAN
If crypto truly does breakout, there is a 0% chance that these stocks are held down and do not have short squeezes to the upside. I personally am looking to buy both $RIOT and $MARA and have already bought some $MARA. Is this a long term play? 0% chance. But am I trying to ride this wave for a quick percentage gain to the upside on the backs of crypto moving out of this bear market? You bet your ass I am. I bought $MARA this morning and will likely look to add if Bitcoin starts to break through 10,500 and head upwards...
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I always hear about Robinhood and the trading party in your country.
In Germany our politicians hate traders and they want to give us pain with more taxes.
BTC Party today and now i also look for good crypto stocks.
Don't worry, the US is definitely not any type of utopia for traders. The government and regulatory bodies are as narrow-minded and self-serving as your European counterparts.
When it comes to forex or CFD trading, US citizens are only allowed to open an account with a US-based and regulated broker. This obviously limits US citizen's choices (because the limited number of US brokers suck balls), and forces them to look offshore to trade with unregulated alternatives who offer better conditions. All this is done to keep money in the US system and not offshore - That's it.
They tell you that they're looking after their citizens and keeping Americans safe from reckless CFD trading, while simultaneously letting kids spend their stimulus cheques on US penny stocks through apps like Robin Hood. Simply because they can be easily tracked and taxed.
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