BAT - Neutral Outlook - Accumulation Phase of a Lifetime?Put simply, BAT has had an amazing accumulation phase and continues to have it. From the pits of despair at the lowest BAT-to-Bitcoin ratios we have ever seen, can BAT really climb out and reach higher than most of us would ever expect it to, given its past performance? BAT remains at a very, very low price. Even though it's at such a pitiful price today, many would argue it has good fundamentals. It has millions of users, it has a working product, and it has developers working on it who update us on multiple platforms, be it their site or their twitter. Given that product seems to work, it doesn't seem like a rugpull... So what gives?
I trust charts first and foremost. News is here today and gone tomorrow. So what do the charts tell us? When I see this chart, I think... "Isn't this a story we've already seen?" An undervalued token with strong fundamentals, simply standing in the sidelines at dirt cheap prices. So what's the best that could happen?
As many BAT holders have said, BAT is a long-term hold. You probably aren't going to 2x tomorrow. Or next week. Or hell, maybe not even next month. Jeez, isn't it alt-season?! Despite all this, the goal that holders seem to have is to 9x and further a year, possibly two, from now. This is not suitable for quick, fast gains today. But rather, it is...
The accumulation phase of a lifetime.
...So, for how long are you willing to accumulate? This all comes down to your style of investing. Do you need gains today and tomorrow? Or are you willing to invest in something low-risk that make take a while to pull in results? Because BAT really seems like it can in the long run, and at a low risk of downside. When Brave and its token BAT were first released, BAT had a massive bullrun of over 500%, but it did not quite have all the fundamentals in place back then. Brave was released to the public in 2018, but shortly after and even before its release, it faced controversy regarding its "replacement ads" and not giving creators the BAT donated to them by other users, when those rewards should definitely have been seen by the creators who were receiving donations. But, since then, these issues have been fixed, so this does mean that progress has been made.
Taking a look at some of the things the Brave team is working on, the project only seems to be more and more promising as various highly specific, feasible plans seem to be in place already. Think THEMISv2, self-serve user ads, etc...
That's all great and all, but that begs the question... if you go all in on BAT, could you be stuck holding a bag as you watch LINK, ADA, BTC, ETH, DOT, UNI, BNB, and the like, moon in the meantime? The horrific thought of you missing out on gains sends shivers down the spines of the most diamond-handed individuals. But look at how quickly BAT tends to move to the upside after a bear market... and we're in an uptrend. Is now the time to get exposure to BAT if we don't have it already? It is... alt-season, is it not?
I am personally bullish on BAT, but I like to be level-headed when recommending investments to others. I'm not a financial adviser, but hopefully I gave you all some food for thought. Happy gains-hunting. I find the prospect of hopping on the train of a pre-moon LINK or ADA exhilarating. That's what I see BAT as. But of course, when BAT's upward momentum is just barely beginning to form, it's not exactly easy to tell the whole world that this is definitely a fantastic buy, is it?
So, what do you think? I only see Long calls on BAT, but I thought we could use some more neutral, retrospective ideas in the space.
