Hey people,
I wanted to make a short post about the current market situation. You know that I had been saying buy the dips, and that is ok if you plan to hold for long, but not everyone on this space may be choosing the right assets to hold or at the right moment.
Quick thoughts and tips:
Don't buy the dips now.
There is going to be a crash from now until December anywhere in between.
Prepare and save for the coming weeks/months.
Global economy is going into real recession. March was just faking it.
Whoever holds valuable assets, don't panic sell, cuz many will.
At the moment is just a dip. It is going to go way dooown.
Top companies like Apple, Microsoft, Tesla ect sold their own stocks at the end of August-beginning of September. They are not dumb.
Regulations of crypto coming up. Many DEFI coins and scam tokens are going to EXIT DUMP.
Consider regulations when choosing what assets you want to hold/invest in. Examples: VET, XRP, DOT, XTZ, ETH, ADA, just to name a few.
Bonus read: https://www.coindesk.com/bitcoin-price-stocks-europe-coronavirus
Also I will share in another post my views on when I believe will be the right timing to buy.
Disclaimer: I am not a finance adviser. My post are my own reasoning and research done on crypto. I advise everybody to do the same. I am just expressing my thoughts on the topic. I hope you find it interesting.
