Hi everyone,
If you check my previous posts, you can see that atm. I'm in a great doubt about crypto space at all. Not because it's a bad technology (I love that technology), but because of fundamental and technical reasons.
This will be my last post about it, do not take it as financial advice.
BUT, if you want to take another point of view than expecting crypto to the moon, and want good for yourself, DO NOT PUT YOUR LIFE SAVINGS into crypto, and use proper risk management! If things go wrong, do not cheat yourself with thoughts like "it will be better", get out of it immediately.
I'm personally out of the crypto space for a good 3-6-9 months at least, it's not fun to get this short (not any longs here), as I don't need that dirty money and it's also taking out a lot from me morally, seeing what happens.
Until regulations are finished, I already rearranged my funds to supply a more crisis-resistant portfolio. In my opinion, if crypto goes down, it will be not because of a smaller or bigger financial crisis or just a healthy correction, it might just ignite it. Problems are intrinsic here..
Tbh, despite the good concept, I think it went broken when money laundering criminals started to get onboard, around 2016-2017 and I would be not surprised if some exchanges and coins would be not available by next year, and we would not see some good appealing, laser-eyed ponzi-assistants spread the words any more. Yeah, you can believe PlanB and similar people if you want.. It will be more scarce, so the price goes to the moon. Oh boy... No, the price goes up if there is more demand dear people under the same ciscumstances, and they are there to generate it, while they are distributing for good, real money...
Institutional money is coming in? Which wallet is it? Do you know if they are institutional traders, or market manipulators telling you that? See, that's the biggest problem with crypto space atm.
So, can it go to the moon, and can this idea be invalidated? Yes. Until it's allowed to do so...
Here's a table I have been also following as statistics since Oct. 3: docs.google.com/spre...aQt-NZh7gyxd/pubhtml
This is a small time-frame, reduction of BTC on big accounts is going on since August...
Also, you might want to watch this as well: www.tradingview...ls/BTCUSDLONGS/?exchange=B... other that bitcoin's price and the technical indicators about it's being overbought.
As a last word before I join the crypto space again (somewhere H2 2022 or later): DON'T INVEST YOUR LIFE SAVINGS INTO CRYPTO!!
Cheers,
Antonio
If you check my previous posts, you can see that atm. I'm in a great doubt about crypto space at all. Not because it's a bad technology (I love that technology), but because of fundamental and technical reasons.
This will be my last post about it, do not take it as financial advice.
BUT, if you want to take another point of view than expecting crypto to the moon, and want good for yourself, DO NOT PUT YOUR LIFE SAVINGS into crypto, and use proper risk management! If things go wrong, do not cheat yourself with thoughts like "it will be better", get out of it immediately.
I'm personally out of the crypto space for a good 3-6-9 months at least, it's not fun to get this short (not any longs here), as I don't need that dirty money and it's also taking out a lot from me morally, seeing what happens.
Until regulations are finished, I already rearranged my funds to supply a more crisis-resistant portfolio. In my opinion, if crypto goes down, it will be not because of a smaller or bigger financial crisis or just a healthy correction, it might just ignite it. Problems are intrinsic here..
Tbh, despite the good concept, I think it went broken when money laundering criminals started to get onboard, around 2016-2017 and I would be not surprised if some exchanges and coins would be not available by next year, and we would not see some good appealing, laser-eyed ponzi-assistants spread the words any more. Yeah, you can believe PlanB and similar people if you want.. It will be more scarce, so the price goes to the moon. Oh boy... No, the price goes up if there is more demand dear people under the same ciscumstances, and they are there to generate it, while they are distributing for good, real money...
Institutional money is coming in? Which wallet is it? Do you know if they are institutional traders, or market manipulators telling you that? See, that's the biggest problem with crypto space atm.
So, can it go to the moon, and can this idea be invalidated? Yes. Until it's allowed to do so...
Here's a table I have been also following as statistics since Oct. 3: docs.google.com/spre...aQt-NZh7gyxd/pubhtml
This is a small time-frame, reduction of BTC on big accounts is going on since August...
Also, you might want to watch this as well: www.tradingview...ls/BTCUSDLONGS/?exchange=B... other that bitcoin's price and the technical indicators about it's being overbought.
As a last word before I join the crypto space again (somewhere H2 2022 or later): DON'T INVEST YOUR LIFE SAVINGS INTO CRYPTO!!
Cheers,
Antonio