Yeah, it’s crazy that $20 billion left crypto with that news. Shows how much dumb money is in the market. People over reacting to news that doesn’t change usage/utility of the investment. Just means it’s not mooning when they want.
The good news is the dumb money will come back in at a higher price after cashing out low. I’m hoping their lose is my reward.
I purchase the same amount every week no matter what the price is, so weeks like this feel like I’m getting a good deal. It’s also about the same amount of money a heavy smoker spends on cigarettes. Hoping my addiction pays off though.
Yeah, it’s crazy that $20 billion left crypto with that news. Shows how much dumb money is in the market. People over reacting to news that doesn’t change usage/utility of the investment. Just means it’s not mooning when they want.
The good news is the dumb money will come back in at a higher price after cashing out low. I’m hoping their lose is my reward.
I purchase the same amount every week no matter what the price is, so weeks like this feel like I’m getting a good deal. It’s also about the same amount of money a heavy smoker spends on cigarettes. Hoping my addiction pays off though.
What I think is probably hurting momentum more is all the pump and dumps we keep seeing.
We fall a little more with each dump.