Welcome back to another post guys! I am sure most of you are aware that the crypto market has seen some price surges this past week – BTC went from under $4000 to approximately $5300 and XRP similarly rallied from $0.31 to $0.38. This led to a lot of excitement, but we hope there aren’t many of you that were screaming ‘bull run’ as a result of this.
That is the main topic of this post – a friendly message to say beware of the pumps and the dips that are inevitable in this market.
There are going to be a lot more pumps and dips in this market – a lot of these are designed to fill the pockets of the whales and the institutions whilst also scaring the general population into fleeing from the market.
Our readers will be aware that the stock market has been in a bull run for over 10 years, and this combined with several other reasons has led us to conclude that there will be some form of stock market correction and recession around the corner. Make sure you check out Scott’s video on this topic as well as Curt’s video where he goes into greater detail about the economic outlook and how cryptocurrencies relate to the global agenda.
The bankers are likely to continue playing the pumps and the dips until the stock market crash which will likely open the floodgates to a bunch of new capital entering the crypto market. The gains to be made in the crypto market are unlike anything that is possible in the stock market or other asset classes. Do you really think the bankers and institutional investors will allow their portfolio to decline in the stock market when they can see 5% to upwards of 100% daily gains in the crypto market?
There are several ways this plays out but what we are sure about is that blockchain and crypto is the future and as such are happy to invest in this market. Understand the difference between trading and investing! I personally am happy to trade a little bit of my portfolio and play the pumps and the dips whilst also remembering I am investing for the long run and will continue to do so.
Whatever you’re doing, do your own research and form your own plans and goals. Make peace with your exit strategy and ignore the fear, uncertainty and doubt that that arises as a result of any dips or negative news articles.
As always let’s be patient and continue spreading positivity and love. Accumulate and wait and live long and HODL!
Written by Dominic Zohreh
Twitter – domz_invests
Instagram – domz_invests
Curt’s video -
Scott’s video -