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First they roll their eyes and laugh.
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Altcoins recovered faster than Bitcoin during that dip (and dumped less aggressively). It's been a while since we've seen price action like this. Feels like the market has shifted more towards alts. As long as $BTC holds/increases, I'm expecting alts to perform well.
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"Hello Binance Support? Yeh, yeh... someone has hacked my account and bought Bitcoin at 104K , can i get a refund?"
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If your friend bought bitcoin at 20k based on your advice and now asks if they should sell at 100k what do you say
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Sharp dips like this are completely normal and very healthy Only bad for leverage traders It bounce back quickly as possible.
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The easiest way to screw yourself at this stage of the cycle is to over-rotate. If your altcoin has a strong narrative, community & good marketing - it's almost guaranteed to pump at some point. Your ONLY job is to not fumble the bag before it happens.
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