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Crypto Bubble 2020

Yeah, I do vividly remember the spectacular rise of Cryptocurrencies in 2017.

Back in October 2017, I first heard of Bitcoins in media and got immediately excited. I had no experience in Cryptos whatsoever, even investing was totally new for me.

And I did, what many have done: follow the masses. Buying cryptocurrencies. Not only Bitcoin, but a lot of Cryptos with amazing stories behind them. Some coins intend to be used in IOT ecosystems, others should revolutionize casionos, VR and so on. A lot of buzzwords, you might think.

Yes, my investing approach was driven by one huge factor: excitement. I was buying into stories, reinforced by what the masses have done, respectively by the spectacular rise in prices of these Cryptocurrencies.

Without any further knowledge, at some point, I was able to double my money within one single week. Thats good, but not that spectacular, keeping in mind all those, who discovered Cryptocurrencies way earlier.

And then, the bubble busted.

I was paralized, did not know how to handle my emotions, I was overwhelmed. We think in lineral terms, expect something to last forever, to keep its shapes, its structure that we have discovered.

And as fast as I made decent gains, I lost most of my investments. Some coins got deleted, I’ve lost as much as 100%. Spectacular as well.

Cryptos seem to tend to bubble.


Chart powered by Tradingview.com

Thats not 2017. Thats 2020, and to be exactly: Whats a chart of the last couple of days. What I proudly present is DigiCoin, a Cryptocurrency that rose by 110 percent within less than four days.

Hive, another cryptocurrency, even rose by 700%. At the moment, both Cryptos are under heavy distrubution, Hive felt as much as 35% within one day.

Spectacular.

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Uranium Stocks are performing superb in April 2020

Uranium stocks rising

Since middle of march 2020, uranium stocks are performing unexpectedly well compared to the broader market. Let’s take a brief look at some momentum uranium stocks.

Energy Fuels $UUUU

Energy Fuels ($UUUU) – Chart powered by tradingview.com

$UUUU rose by 65% within 19 days. Energy Fuels is producing both uranium and vanadium.

What’s most interesting about $UUUU is the fact that the company is the „owner of the only operational conventional uranium mining in the United States“.

At April 22, it rose by roughly 22% on above-average volume, becoming the best performing uranium stock this day.

Another Uranium Stocks to put on watchlist:

  • UR Energy Inc ($URG)
  • Uranium Energy Corp ($UEC)
  • Lamaride Resources LTD. ($LAM)
  • Denison Mines Corporation ($DNN)

Trading tip:

As of today (23.04), uranium stocks are a bit overextended, so a pullback or consolidation can be expected within the next couple of days. Until then, these stocks might continue their rise.

Global X FDS Uranium ETF

Uranium ETF showing some resistence in future. Chart by Tradingview.com

Stay tuned!

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