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Markets change. In 2021 Bitcoin promoters, Cathie Woods and Chamath Palihapitiya were the Evangelists of the MakeMoneyFast Gospel.

In 2022 Mr. Market hates them! The reasons are not important as there are 100’s of them, what matter is the trend. Although you, like us, see the relevance of technology, A.I., and blockchain, you can not reason with Mr. Market and by the time you are proven right, your account will be wiped out

So, what should you do about it? We advise our customers to filter their holdings with this simple question: What is the value I assign to THIS holding? The answer should NOT be based upon: a) historic price action; b) nor what I think others will pay for it later; c) neither by what an analyst said it is worth; d) nor what its disruptive value will be in 2 years. Base your answer on the present value/application and profits. If you can not come up with a number, sell it ASAP.

We see lots of people saying “it has to reach X” and by the time it reaches “X”, then they say it should be worth “2X”… what is their price target? This is no longer the market of future earnings, for 2021 and its “Evangelists” over-extended the forward earnings/value of a big part of the market. The dips are no longer dips, but pitfalls with no ladders. Where to invest your money is subject to the next tweet, but rest assured, 2022 will not be a FOMO year as 2021.