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Below my transactions (older than 1 month) from group A: info
Completely exited quickly. I had bought this ETF with a view to NFTs. Early this year, those NFTs started to get quite popular. Many of those NFTs have to be paid with Ethereum. Reason enough for me to buy this ETF. But since the invasion of Ukraine, I've seen NFT sales drop. People are now not thinking about picking up a new hype. It could well become a hype. But it is still too early to invest in this ETF based on that. I see cryptos and also stock markets making a bounce back today (temporarily bouncing up after a significant drop). With this ETF, I'll just use that to get out. We have also seen cryptos react negatively to the conflict in Ukraine. Due to the higher energy costs (oil), mining cryptos will also become more expensive or even no longer interesting. That too is a risk.
Mission accomplished.
This ETF or actually ETN (Exchange Traded Note) does not belong to any group. Reason to place this ETN in each group so that all ETF customers can take note of it. Maybe now it looks like I'm going to invest in cryptos. No, I've never done anything with cryptos myself and I'm not going to do it. So why did you buy this Ethereum crypto ETN? I expect NFTs to become very large. Now it is quite difficult to buy exactly that NFT that will generate a lot of money later on. Too big a risk for me. Nevertheless, I want to be able to profit from the great success that these NFTs are likely to become. After research I found out that almost all those NFTs use the Ethereum blockchain and have to be paid with Ethereum. The reason is that the Ethereum blockchain is extremely suitable for NFTs. The Bitcoin blockchain, for example, is not. Ethereum is currently the absolute market leader among NFTs as a means of payment with more than 95%. There will be alternatives. But it is likely that Ethereum will remain the market leader. So almost everyone who buys an NFT has to buy Ethereum first. If those NFTs become a success, Ethereum will rise sharply due to all those purchases. And that's the reason I'm buying this ETN. But there's more. The energy consumption of most cryptos is huge. Ethereum has the solution. With “the Merge” they will switch to a new type of blockchain in the course of this year. The energy consumption can then be about 1000 times lower and the transaction costs can therefore also be significantly reduced. So with investing in this Ethereum ETN I kill 2 birds with 1 stone. This year, Ethereum will become an extremely low-power crypto that will beat Bitcoin. And the main reason for me; I have a nice spot on the just departing NFT train. Two things are important for a significant increase in this ETN: NFTs must become a great success and even better a hype. Ethereum should remain one of the most widely used means of payment for buying an NFT.
It has gone up very fast in a short time. The chance of a temporary relapse is therefore high. Still, that's not the main reason I'm selling. The cause of the sharp increase was due to vaccine hope. I have no doubt that the new vaccine will work well. It will. However, it works with a method that has never been approved before. This may be a reason for not immediately approving this new type of vaccine. Postponement of approval will not do stock markets any good. The fact that the CEO has sold more than half of his shares is a very big red flag for me as an investor that I do not want to ignore. Reason to secure the nice profit achieved in just over 2 weeks.
The long-term goal was 20%. Now within 2 weeks the return is already 17%. The first increase today was due to Biden's win. However, procedures are still ongoing and that could cause uncertainty for months to come. The largest increase today was due to the good test results of a vaccine. It was known that vaccines are on the way. Despite the excellent test results, it is still awaiting approval.
ETF provider: Lyxor
Ticker: CAC
ISIN: FR0007052782
Currency: EURO
Exchange: Euronext Parijs
France was one of the first European countries to experience a second corona wave. Yesterday the French government took very tough measures. If I look at the French chart with new corona cases, the peak seems to have already passed. The new measures will certainly ensure that new corona cases decrease even faster. If the numbers fall sharply and speculation about phasing out the measures starts, the French stock market could rise sharply. The information that I have placed below with the AEX ETF, which was also purchased today, of course also applies to this CAC ETF.
ETF provider: VanEck
Ticker: TDT
ISIN: NL0009272749
Exchange: Euronext Amsterdam
The AEX has reached support at 530. The cause of the decline was due to government corona measures. In most European countries, the peak of new corona cases now seems to be near or already behind us. The situation is not new either. We know from the beginning of this year that if governments take measures, the new corona cases will decrease within 2 weeks. If investors receive clear confirmation in 2 weeks that corona is already on its way back, stock markets will recover accordingly. Getting in just before the presidential election is a risk. The likelihood of a short-term decline after the result remains. But the chance of an immediate increase is just as great. If there is a decrease, I will buy more. Because there are plenty of safety nets under the stock markets. Next week's FED meeting. The FED has a mandate to intervene if unemployment is too high. And it is too high. In addition, the support plan of the US government that will come one day. Decreasing corona and hope that severe corona measures will end will give a lot of support to the stock markets. An approval of the first vaccine expected this year will also support stock markets. Considering everything therefore already bought today. With the knowledge that it can be even lower for a short while and that I still have to and will buy more.
The 25% target has almost been reached. The risk of a decline is increasing. Therefore taken profits. Note: Below are 2 other ETFs that I have sold today.