I'm not saying anything new, the crypto market is bearish.
The question is, do you believe in blockchain technology? In my case I have no doubt, yes!
Now the question is When should we buy?
We have two scenarios:
People who bought in max and are inside, nervous to see when it hits bottom, in the current situation have losses, buy more and averaging? to sell?
People who are in liquidity and are waiting for the market to hit bottom.
The option that I see more successful for me, is WAIT.
Wait for the market change its trend, it is better to buy something more expensive in an uptrend, than try to buy when the knife is falling.
Why have I decided to wait?
I think that the market is currently being attacked, big fortunes that they buy in the OTC market and sell in the market to throw away the prices.
Recently we read the news that BAKKT was delayed until January 24 (the expected date was December 12), with that delay those big fortunes can keep pulling the price until a market with something more regulation appears.
On the other hand is the decision of the Sec about VanEck and SolidX ETF. The final decision date in this case I think it was February 19.
Conclusion
The perspective I handle is that the market has not yet finished bottoming, that situation is usually preceded by a moment of panic where it seems that the end of the world has arrived, and so far in this bearish trend we have been seeing how the market Bleed little by little, blow by blow.
If I had to bet, I would say that the market, in this case Bitcoin, will play the 3000 USD even if it could be 1500 USD (BAKKT launch in January and Sec decision in February are still far away), these great fortunes still have time to do more money pulling the market for when that time comes to be able to buy at really low prices
It will be at that moment when I enter the market, ALL IN!
Disclaimer:
@underpalm does not offer any sort of investment advice. This is a opinion article.
@underpalm is not a financial advisor and this content in this article is not a financial or investment advice. It is for informative purposes only, or simply to make you think and entertain. Consult your advisers before making any decision. I am not responsible in any case for your investments