Another dip in the crypto world...buying oppurtunity

in #cryptocurrency7 years ago (edited)

Bitcoin dropped below 10K and possibly because

  1. SEC announcing that all crypto exchanges should register with an agency
  2. Amidst Binance possible hack
  3. Bitcoin whale selling 40M worth stock

Most importantly the tax laws for crypto trading and an economic crash looming.....

So, while it is a highly unpredictive is worth buy some crypto in discount and increasing your portfolio...

While i am still trying to be positive, i am skeptical if the crypto will ever reach the last high we saw in early Jan.

Anyways, HODL

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I sold my BTC a couple weeks ago at 11,733 just before the last sizable dip. I'm holding in USD until signs of a bullish trend comes back

good move. I believe the bear market in the last 2 months is more profitable for those who do day trading or short term trading (buying the drips and selling the highs) than for those who HODL...for long term gains.