If you allow yourself to be easily manipulated by those around you, you may find yourself wasting your time catering to others' needs instead of your own. This can be quite counterproductive and in the world of cryptocurrency, it could harm your net worth.
Recently I have been seeing a bunch of FOMO about DOGE and other so-called shitcoins, I personally have my doubts about copycat coins and am distancing myself from the hype train, while the market corrects. After watching the 30% pullback yesterday, I have taken my position on this very volatile Bitcoin price trend. All the other major market cap coins are also seemingly affected, keep in mind I am excluding copycat coins in that regard. There are a few low market cap coins exploding at the moment as investors get ready for the potential abrupt end of the altcoin season.
The US FED has the rug pulled the stock markets and caused many American investors to lose money this week, possibly leading to a short-term bear market for crypto.
What do you think of the market's reaction to the FED pulling the rug on the American investors?
Is the US Treasury accusing financial institutions of money laundering with digital currencies what affected bitcoin?
Do you think that is what caused the Bitcoin sell-off?
Did that Bitcoin sell-off trigger an early end to altcoin season this year?
Let's discuss this fast-changing market in the comments below, I have upvotes for all commenters.
Further Reading & Sources ;
Fed Underscores Continued Recovery Support: https://www.newsbtc.com/all/bitcoin-reclaims-58k-after-fed-underscores-continued-recovery-support/
Crypto Markets Plummet As U.S. Treasury Rumor Spreads: https://dailyhodl.com/2021/04/17/bitcoin-and-crypto-markets-plummet-as-u-s-treasury-rumor-spreads/