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Are you on the lookout for the perfect timing to dive into the cryptocurrency sphere?
Here's a rundown of major FUDs (Fear, Uncertainty, Doubt) since November 2022:
โ November 2022: FTX insolvency scare
โ December 2022: Allegations of a #Binanceๅฆๅฅณ่ bank crisis
โ January 2023: #GENESIS facing financial troubles
โ February 2023: Reports of a crypto bank collapse
โ March 2023: #USDC facing depegging rumors
โ April 2023: Rumors of #USGovernment selling BTC holdings
โ May 2023: Speculations about Binance's financial health
โ June 2023: #SEC's intensified crackdown on cryptocurrencies
โ July 2023: Concerns over Tether depegging
โ August 2023: SpaceX's alleged BTC sell-off
โ September 2023: US government's partial shutdown and FTX's billion-dollar liquidation
โ October 2023: Binance executives resignations and legal challenges
โ November 2023: Distribution of BTC from Mt. Gox
โ December 2023: Possible delay of ETF approval
โ January 2024: Grayscale's selling pressure on Bitcoin
โ February 2024: Genesis offloading GBTC holdings
โ March 2024: Speculations about Bitcoin reaching its peak
Interestingly, despite these FUD events, Bitcoin surged from $15500 to $74,000, showcasing a remarkable 365% growth.
The takeaway?
There's no perfect moment to enter the crypto market. Instead, consider dollar-cost averaging (DCA) and seize buying opportunities during FUD periods.
Sell when the market is gripped by FOMO (Fear of Missing Out).
If you found this insightful, give it a thumbs up and share it with your crypto peers who might be waiting for the ideal timing to join the fray.
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