🎈[When The Market will Crash]
People have been waiting for Bitcoin's price to drop from the $50,000 range, but as they waited, the price increased even more. Now, Bitcoin is around $70,000, and it seems like everything is set for a big drop in price. However, I don't believe that a big drop will happen anytime soon. There was already a drop a few days ago. For example, Solana, fell to $105 but quickly recovered before most people could react. It dropped over 40%, which was a significant fall.
It's important to realize that currently, everything is stable. There's no worry about government regulations, and big investors are investing a lot of money. Michael Saylor even invested a billion dollars in Bitcoin when it is around $70,000! So, waiting for a big drop in price might not be the best strategy. By the time a drop happens, say when Bitcoin reaches $90,000, it might only fall by 8% to 10%. This means you'd be buying at around $80,000, which is much higher than it is now.
Therefore, it's not wise to save too much money waiting for a big drop in price. The smartest investors are still investing billions, so there's no need to be overly cautious.
Personally, I'm keeping about 5% of my money in cash as a reserve. If there's a drop in prices, I plan to invest it in Altcoins like BNB, Sol, Cake, ETH. But remember, do your own research (DYOR) before making any decisions.
If you would like to know about some of my altcoin holdings, kindly check previous posts. In near future, I will reveal some of my best low cap Altcoins. You can follow me to not miss it.
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Stay brave in every aspect of life.
