Can we really Buy the Dip ?
Couldn't sleep this morning and thought - why not make a cryptocurrency update!
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I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
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My video is at DLive
Buy the dips only if you can stomach it. Long term is still positive but need time for fundamentals to catch up with the valuations.
Sounds like you have a good strategy but personally I would avoid concentrate on accumulating the main coins BTC and ETH
good strategy to set buy and sell limits.
I got a question for you, or anyone else willing to answer this. You say don't go all in on a dip position in case it goes even lower. But what if you've done that, bough on a dip it goes lower, then do you allocate all your crypto buying funds on the lower dip? or again just some making it smaller and smaller every time?
Also, Thanks for all your videos Michael, hope to see you in H.K. or Macau sometime, I'll be putting all my crypto profits on red this weekend(actually I'll likely just drink them)!
Great video as always. I´m following you already on Youtube and Telegram. So glad to find you here. Keep up your work. Resteemed
thank you
It sucks. But rationally speaking this should most likely be a bunp in the road. It stocks were almost 8 trill usd before bubble pop in 2000. Blockchain is biggrr and markets are bigger in general today. Its almost unlikely that the space wont grow to at least 20-30 trillion. Question is which companies will stand for growth. Doesnt even have to be eth or eos. Could even be amazon. Blockchain is the tech. Decentralisation is another thing. Most ppl dont givd a fuck yet. Perhaps that will change. But to not invest in crypto is insane imo.
If you maintain a long term perspective, buying dips will be best as they will provide value as long as the prospects of their projects remain relevant to the potential growth blockchain technology will have on their industries.
Valuable video.
Thanks for sharing dlive video. @resteemit
Always good to hear someone as clued-up as you affirming thanks Michael!
Crypto can only disappear one way and that is underground. It is just too useful to die.
More and more use cases that promise to deliver better results than was achievable before decentralization was made possible by this technology are being put in place, which means only one thing: growth, as awareness of successes in this realm grows.
And it is most likely that not only the most useful applications will grow - the chances are good that once growth of the star cryptos kick in, there will be another flood of less informed profit seekers investing in whatever they imagine bringing in the boodle.
So, from purely an investment perspective, it may even be wise to bet only a dollar's worth on the weakest ones around that are likely to survive for at least a year or so!
Holy smokes, someone just advertised his face on my website - https://cryptopiece.com/