So let´s see.....what happened?
It all started last week...on a Sunday, Bloodbath Sunday (18 April). And those silly little humans need a reason for everything....so people started explaining what happened:
Well the outage was solved, Turkey was bankrupt already and the real reports never surfaced......and we are still dipping.
Yeah, yeah yeah....we all want to understand and crypotsplain the current situation. Now they are even blaming last nights dip on poor Old Biden.
Joe Biden's tax move dumped Bitcoin, Ripple, Ethereum, Dogecoin and altcoins!
Why?
Because of rumors that US President Joe Biden is interested in shortening US crypto regulations. He may be willing to submit a proposal to Congress for a tax increase. Come on, the guy is probably heavy invested in SAFEMOON
like every other senile old fool.
It´s just like those screaming headlines from those Youtube video´s
There are a million observations and everyone is an expert, but you know the best source of knowledge is the past. So what happened in the past.....?
Well exactly the same happened....and it does not matter which butterfly effect caused it. What matters is what happened afterwards.
Now combine that with the surges.
I mean we can not change what happens and we can´t even proof what caused it....or if you can, nobody believes you. Simply because other idiots are screaming louder than you do.
So basically explaining after the facts has very little Add Value. But looking at these charts might give some guidance.
Based on the comparison I would say around Nov 13th 2017
So taking all high level historical views into consideration.....we still know..Shit...!
But what we can say is that this looks like something we´ve seen before . And that in the past it took 2-3 weeks in general to recover. Of which the first week is the hardest....so the best time to buy.
My advice is do not over-complicate stuff. Do not explain what you can´t explain. Just make sure you have enough funds and Doritos to buy and bite through the dip.
In times like these Guacamole is recommended as the dip of choice.....As it´s green!
And just keep smiling because Trading Crypto is like a box of Chocolate:
All memes used were BitcoinBaby originals feel free to steel...it´s about the memes not the Money!