JonDoe295
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$Canaan (CAN.US)$ I bought stocks on 3.1$ price. Possible to rising up again or should I sell before loosing too much? Any advice guys?
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JonDoe295
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$Canaan (CAN.US)$ If you are smart you know that with the coming BTC super cycle CAN will be an overvalued company.
In the gold rush those who sold shovels and picks got richer than those who looked for gold.
Watch out with $CAN they have improved quite a bit the last few years and it is obvious that they must mine BTC and because of that price fluctuation the financial statements got a little dirty. But as soon as BTC starts phase 2 of the Bull Run a lot of "Dump mone...
In the gold rush those who sold shovels and picks got richer than those who looked for gold.
Watch out with $CAN they have improved quite a bit the last few years and it is obvious that they must mine BTC and because of that price fluctuation the financial statements got a little dirty. But as soon as BTC starts phase 2 of the Bull Run a lot of "Dump mone...
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JonDoe295 : If you sell now you will regret it. Small cap companies such as CAN cannot be operated in the same way as a large cap company. Here you have to be able to withstand volatility because any inflow or outflow of money is felt with a lot of volatility in the price. They can be changes of up to 50% in the price. The last Bull Run CAN before going to 25 dollars made a drop from 8 to 3 dollars almost more than 50% drop in price. Now you have to focus on the fundamentals of the BTC cycle and the new policies and world news around Crypto. If you bought at 3.10 and not at the dollar and below it is because you have a lot to learn about investing. My advice now is to wait until it is above 20$ sell and then go pay for a basic investment course.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)