Bitcoin is over $7,000 right now, but before you sell everything and FOMO into BTC, let's have a quick chat. There are two things that you absolutely need to know, before you do anything right now in the crypto markets. Sit back, relax and let's discuss how not to lose your shirt on Bitcoin and crypto.
Shout out to Matt Odell for StackingSats.com :
Chris Burniske on Bitcoin/altcoin cycles:
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** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
Bitcoin starts off the bitcoin-altcoin cycle because that's where new money enters the crypto-space. I think this latest pump is due to new money getting in. We've been seeing this for a couple months but now it feels like there is more FOMO involved and the bears are starting to hide.
That dollar cost averaging tho...
Thanks. This is cool info. It confirms what I've been doing by instinct! Dollar cost averaging and alternating between BTC an alt coin purchases between the ebbs and tides. Didn't know I was so smart. LOL