📝 The Cheat Sheet - January 30, 2021

 
Profit Trends

-2.0% YTD

-1.1% YTD

1.4% YTD

Dow Jones Industrial Average

S&P 500 Index

Nasdaq Composite

 
Bitcoin

Three Undeniable Reasons to Buy Crypto Today

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Marijuana

Latin American Cannabis Market Picks Up Speed With Cross-Border Trade

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Electric Car

Electric Vehicles Could Become America's Largest Energy Source

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Bitcoin

Is Bitcoin's Wild Ride Over?

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Falling tower

Common Investing Mistakes to Avoid

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Robinhood
 

This past week was extraordinary for the markets. After novice investors caused GameStop (NYSE: GME) to surge, Robinhood blocked users from buying the stock, allowing them to only sell it. Then, after a joke cryptocurrency shot up, Robinhood took action again.

On Friday, the investing platform restricted cryptocurrency trading after Dogecoin, a crypto based on an internet meme and popularized by Reddit users, soared. Currently, instant deposits to buy cryptocurrencies are blocked and users can buy them only with money already in their accounts. It is unclear when Robinhood will lift this restriction.

 

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Trump & BOR Split Screen
 

Get the tell-all about what transpired between O'Reilly and Trump here.

 
Left Quote

Few asset classes are more exciting - or more terrifying - than cryptocurrencies.

Right Quote
 

- Matthew Carr
Chief Trends Strategist

 
 
Chart - Bitcoin Price
 

Many investors simply don't invest in Bitcoin because it's too volatile. And if you can't stomach routine one-day drops of 10% or more, then cryptos aren't for you.

Bitcoin - and the rest of the crypto universe - will likely continue its bull run in 2021. But like every move higher in this space, it won't be a smooth incline. The road will be full of twists and turns, potholes and speed bumps.

Some of those will be self-made by crypto investors. Others will be created as the world digests the potential for digital currencies and blockchain.

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