Instructive day. The question that everybody is asking: Is the crash happening soon?
And we have the beginning of the answer.
This morning, the market continued its rally and in the middle of the afternoon the market lost 10% in 1 hour after the announcement of the bankruptcy of a South Korean exchange after a hack. Now, Bitcoin is almost back to the level before the drop.
So, 2 teachings from this situation:
1/ the weak hands didn't shake too much
2/ the market bounced back. So, my assumption is there's money on the side waiting to be invested in and people are waiting for a drop.
After, it's tough to invest in litecoin and ether at 350$ or 820$ when it was trading at 70$ and 250$, 2 months ago. Maybe I'm done investing in obvious protocols if I want to make performance again...
Feel free to post comments to get your opinion (and click on the upvote button to help the motivation ;) )
Disclaimer: I'm not your financial advisor and these are not financial advise+it's just a diary.