People are panicking and selling while im just holding my bags and if there's a big dump ill just buy more , let me explain with an example.
if you knew that in 1 year from now your investment will do a 2x minimum , would you sell anything even if it dumped ?
well i know the market is unpredictable but you should know that we are in the bull run right now , and what happens in every bull run?, that's right , a big parabolic move upwards.
it doesn't matter if btc is dumping right now because the parabolic move will make all of these dumps look small.
just one advice , dont do futures (unless you know what ur doing)
i will make another post about risk management later
I think btc dumped because it's filling the CME Gap in futures , i will write a detailed post on this tomorrow
Also the CME gap is still not fully filled and Btc Almost always fills this gap there might be some anomalies but as far as i backtested btc fills this gap so a dump might be imminent.
again , take everything i say with a grain of salt im also a human i cant always be right but can give an opinion on what might happen. let's see :)
This dump is an opportunity to buy and build swing trades , swing trades are when u buy in parts and do DCA
this means you keep buying little by little if the coin comes down and then hold , but make sure you choose promising projects and projects you trust.
Understand that you need to do your own research to be profitable in this market , its okay if you fail a couple times but you will learn from your mistakes.