The cryptocurrencies, Javier Milei and the opening of the market

The cryptocurrencies, Javier Milei and the opening of the market

In the world, economic announcements sound out of market hours as in the case of the quarterly results that occur before or after the market. This is done to avoid the volatility resulting from the emotionality of those who read the news.

On Friday the president Javier Milei “He promoted“ one cryptocurrency (called Shitcoin for lacking value) that had been launched three minutes before. We do not know the reasons, if it was a political game or an act of corruption; But the same morals with which he reached the presidency is the one that today, he does so for the second time, being involved in a conflicting episode related to cryptocurrencies.

Little do those who lost money as a result of having invested in the more volatile, speculative and risky market that exists on planet Earth.

If a minister made that mistake would be thrown, then his role as president matters. Did you get credit out of this and be a scammer or is it a fool and innocent lord who directs us?

I do not know that it will happen on Monday 11am, what I do, is that today we have a high degree of uncertainty that was not and that did not like markets.

Does the IMF, Trump, Elon Musk and their ministers have the same respect, trust and loyalty to a figure that at least sees their ethics in a public expression like this?

Little do I care here the president’s ethics, what really interests me is that the market moved by emotions make the most conservative decision that is to close positions.

If many of us make that decision the market will fall. The shares will have more sellers than buyers and prices will go down, the bonds will possibly run the same destination, the country risk will naturally tend up and humbly I think that the old and dear dollar will be news, mainly in the blue market since the financial ones They are intervened.

Going the bifes: the first recommendation is, not making hasty decisions at the beginning of the market. Many times things are not as complex or tragic as we imagine them.

The portfolios with great fixed income composition are the ones that will be more calmly beyond the volatility and movement of the price, the investor that has the highest proportion of bonds has its good income insured.

The riskiest wallets with shares and yield can have two movements. The actions could react down while yielding it, being closed US should be stable or perhaps upload, if the exchange rate known as CCL rises.

To close these ideas and start the week, let’s always think of 2 fundamental points. Let us first remember what the end is and what is the deadline to which we are investing and we do not stop understanding that having liquidity is also a position, because for example if the Argentine actions fell 50% as the day after the step where Macri loses power , having liquidity is what allows us to buy, with a cold head, at opportunity prices and as Warren Buffet says to be greedy when others are fearful.

Source: Ambito

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