Oh boy, what is up with the Crypto Market?!

I have been gone for a month, not important where, but I sat and watched the market unfold and people yapping on the stock and crypto subs that the crash is here, that the bubble has popped etc.

Lets’s be honest no one knows what is going to happen next week, month or year. The only thing you can be sure of is your instinct, your convictions and your DD. Have you started investing in crypto with a clear plan in mind? Something with a wide view of things and spans over the next 10 years at least? If not then you will have a heart attack every time the market corrects or Pooh does something crazy. Forget the market noise! If you focus on buying the dips every occasion you get, be diversified and don’t yolo your savings on shady projects you will be a very happy person in the future!

Don’t be a blind bull that only thinks of 100k, 500k or 1 mil prices and throw your rent money into Bitcoin because it can drop 50-60% in value tomorrow! Are your ready to face that? Will you have to sell at a loss to cover your bills? Don’t be dumb! Put aside money every month for investing! Prices are high this month? Save it for the next month!

Don’t be a bear and try to time the market, you will fail! I would rather be a public toilet cleaner in India than a bear in crypto! There is a time and a place when you can make money but markets drop and rise in a split second and your will eventually get greedy and lose in 1 trade what you were so lucky to earn in a few months especially if you leverage your trades.

China is not the US! Yeah the Evergrande fiasco will hurt a lot of people but is nothing compared to 2008. First of all people are aware of it. No one was caught by surprise. Also the US back then was considered the best and the most resilient economic power, unlike China today that no one wants to touch Chinese investments and companies with a 10 foot stick. China wants to ban crypto? Good! Give us the opportunity to buy more at low prices!

In the end I say this! Have a solid long term plan, ignore the noise, be grateful for every dip, buy every dip, don’t yolo your money especially money you can’t afford to lose. In my case if Bitcoin drops to 10.000$ tomorrow, I will not flinch. Why? Because I know one day it will be worth a lot more. It is here to stay even if better and more sophisticated coins and platforms are crated every month. It is the flagship of the crypto evolution. It is the gold standard that all cryptos follow. It is not a hedge against inflation because it will be the first thing people sell to get liquidity to cover their positions. It is not comparable to gold. Yet. You are early and you and your kids will be grateful for your early investments.

All the best!