The huge liquidation in the crypto market on Friday was expected although the degree of that was unexpected. The leverages have been wiped pretty clean and this is a very good setup for the next leg up. The beauty of the crypto industry is that you can buy assets cheap without being in some exclusive clubs like venture funds, angel investor syndicates or some sorts.
This is no financial advice: I am hoping the recovery will start from the long weekend (Columbus day on Monday in the US) and a bottom can be gradually forming.
I am definitely buying. Wish me luck :)
The huge liquidation in the crypto market on Friday was expected although the degree of that was unexpected. The leverages have been wiped pretty clean and this is a very good setup for the next leg up. The beauty of the crypto industry is that you can buy assets cheap without being in some exclusive clubs like venture funds, angel investor syndicates or some sorts.
This is no financial advice: I am hoping the recovery will start from the long weekend (Columbus day on Monday in the US) and a bottom can be gradually forming.
I am definitely buying. Wish me luck :)
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