deadeye
Warrior
Buying opportunity though?
Not too familiar with crypto, but I know a little bit about stocks.........just a little bit.
From what I think I know thus far, bitcoin is the engine that drives all other crypto currency.
If bitcoin does well.........all other cryptocurrencies do well by default.
If it doesn't do well, then the opposite happens.
I'm thinking a good buy-in point would be $25,000 for bitcoin.
Thing is, if it drops down to $25,000........there's no guarantee it won't drop even lower than that.
It's already plunged below the 200-day moving average..........so it might be establishing a new bottom.
Not too familiar with crypto, but I know a little bit about stocks.........just a little bit.
From what I think I know thus far, bitcoin is the engine that drives all other crypto currency.
If bitcoin does well.........all other cryptocurrencies do well by default.
If it doesn't do well, then the opposite happens.
I'm thinking a good buy-in point would be $25,000 for bitcoin.
Thing is, if it drops down to $25,000........there's no guarantee it won't drop even lower than that.
It's already plunged below the 200-day moving average..........so it might be establishing a new bottom.
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