Crypto Anger Is Here: Is The Bottom In?
The state of the crypto and stock market and why I'm bullish!
In this free update we go over the state of the market. I want everyone to win, that’s why I’m updating you with as much information as I possibly can. Like said my last (paid) post, I am buying and have now hold about 87% crypto vs. 13% cash. This is the first time this year that I flipped bullish after already having DCA’d in during June lows. Even without the whole FTX debacle I already expected Bitcoin to hit $21,500 and then come down to about $16,000. It did exactly that:
In this update I go over the stock market, we look at options data and we look at the state of the crypto market. It’s absolutely NOT sure that we have bottomed out, in fact the crypto market can still drop -90%! However, at -75% discount from all time high, buying now would be much more favourable than to to buy at all time high. There’s max fear in the market and thus buying is rather uncomfortable - as was selling (for me) around all time high back in November 2021 - but usually the right move feels the most uncomfortable. In the marketplace NOTHING is for certain and uncertainty is always something you need to deal with as a market participant.
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» In this video « I go over the state of the market and why I bought a big bag of crypto. This does not mean, I am telling you to buy or I am giving you financial advice - I just state my opinion and what I did and why I did it. What you do with this information is completely up to you - please do your own research and do not invest money you can not afford to lose. You are in control of your own portfolio, so you always invest based on your own risk and research.
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