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This weekend is being interesting with Bitcoin below $28,000 and Ethereum below $1,500.
The situation is different according to the expectations of each one. What for some is a disaster, because they expected to make a short profit, for others it is ideal, because they are doing DCA (Dollar Cost Averaging) or have the opportunity to re-enter the market with more force because they took profits with the ATH (All TimeHigh).
The situation is uncertain and no one can know exactly what will happen with each project, even the largest ones are not exempt from suspicion. If we go to the dotcom bubble, we would probably all have bet at the time that Yahoo would be the big winner.
That is why it is important to learn as much as possible about the projects and also to diversify your investment a little. If back then you had a little bit of Yahoo, a little bit of Pets.com and a little bit of Amazon and Microsoft or Google... you would probably be in profit today despite losing your investment in Pets.com and Yahoo.
Taking profit is another important part of investing. If you have a $3,000 investment that goes to $70,000 in one year, it's very tempting to think that the next year you'll have $500,000 and it may even happen. But unless it's an NFT (which you can't split), you have to take $20,000 out of it, a good investor would, the rest would be similar to sitting in a Casino.
In terms of news, the weekend has not brought great news apart from these prices that are now facing new resistances that acted as supports these weeks.
As always, here is some non-financial advice:
Ethereum at $1,500 three or four months before the merger and with oversold indicators that had not been seen since 2018 when the price bounced 400%... I don't know 🤔 I won't say more.
If you believe that Bitcoin is a currency that will be accepted and used in future society, Bitcoin at half the price of a few months ago, that simple.
Please be responsible with your investments 😉
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Do not forget to follow all my advice if you want to lose your wife because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"
