no real metric to go against other than other crypto prices to see how far relative to others.
i am huge believer in dividend paying stocks and power of compounding. STWD is my biggest holding.
i am not a blockchain fanatic or an early adopter/believer as others in the group though i have watched my wife's investments transform the family finances. i do not pretend to fully understand the implications of the blockchain on the financial system or even on the future of concert tickets and scalpers.
there is just opportunity to trade volatility once you kind of get the lay of the land. i knew deep in my heart over the weekend when polygon matic was in the 0.70-0.80s it would be back over $1.00 in a week or 2 because i have been watching the chart and this is momentum trading pure and simple. i bought a little but i didn't not think it would be up to $1.60 by 11 am monday morning. it is this type of opportunity that is very tantalizing and draws people into this market. wtf polygon matic is actually being used for or by i have no clue. i just know that when the price dipped, it was way below its 150 day moving average and assets have a tendency to follow certain rules either on the way up or down. in order to invest in crypto you have to suspend your belief like when you go to a movie . you have to take the asset seriously.
buyin slowly on dips, hope for the best recognizing the rite of initiation is a 55% drop in the value of what you just bought and that by getting through that experience without selling you will develop a greater sense of self confidence and overall more optimistic hopeful outlook on life knowing that when the sh!t hits the fan and the fed has to keep interest rates super low so that the compounding us debt doesn't consume the entire budget, the only way out of the mess will be to hyperinflate . that is when having a little crypto on the ledger will be very handy.
this is the insane world we find ourselves living in.
in gambling you lose ALL your money . you make a bet - you lose - all the money is gone. crypto all the money is not gone. you only lose when you chicken out and lock in your loss. crypto is far more sophisticated than gambling and is no more gambling than trading in the stock market is gambling.