Hi Friends,
Regardless of whether you think the current crypto drop is a weak hand shakeout or the start of the next bear market, the sensational headlines continue. Maybe it is because my computer knows me too well, but I get blasted all day long with headlines like this:
Of course, the article right below it talks about how Cathie Wood from Ark Investment Management says Bitcoin is going to $500k lol.
A look at crypto twitter has rich crypto investors crying and claiming to be buying Ramen Noodle Soup now that they are poor, and noobies dishing out "hope-ium" and claiming diamond hands, despite entering the space last week. It is pure chaos, lol.
Personally, I think BTC, ETH and BNB (along with a few others) will be here to stay and you won't regret buying at these levels, but many smaller projects will fizzle out as there is too much going on in the crypto space, especially since all these projects have new coins being minted constantly - demand must exceed sellers plus new supply just to keep the price flat, assuming whales aren't manipulating the price up or down to maximize their profits. Best to follow the money, really.
Good luck out there!
Brian
