I have to say, what the heck happened today in the crypto market?
I woke up and most things were down over 10%. I smell a personal buying opportunity. This is not advice to anyone but myself. I am buying the dip.
Now, I am not sure when I am buying the dip because I am sure prices will go down some before they go up, I was just not expecting that much of a drop in a few hours.
The more I read and learn about cryptocurrency, the more I believe in it in the long run. For me, long gone are the days of doubt about cryptocurrency. I had written last year (haha, a new years joke) how I was disappointed when there was a spike in prices since I was not able to get such good buying opportunities. I have not bought anything in almost two months because of the rise in prices. I wrote a few says ago I was up on all but two investments, still am, with a lot of profit to be had. I can lose on all but one cryptocurrency and I will be good to go since Solana has done so well for me.
I read the other day, buy the rumor sell the news. Well, today it seems that people are selling the rumor! Apparently, this has to do with speculation that the SEC will not approve Bitcoin ETF's. Here is an article discussing it: https://www.barrons.com/articles/bitcoin-ethereum-price-crypto-markets-today-a984877a
Now, did I expect the SEC to do anything good? NO. Do I expect it to work out in the long run, a resounding YES!