Here we go! I predicted at the start of the year that I felt there should be one more "event" that would hit the market and hinder it for a few months. These "re-classifications" of altcoins and the SEC/financial authorities going after the biggest centralized exchanges, and the sell-offs that will ensue, is surely this event. I'm hoping for a short bear period of 3 - 6 months from this point.
What do you think of your friends to take advantage of situations like this, is it now the right time to buy a few coins?
Time to short or load up the bags for long-term hold! I am not one to hope for the decline of crypto, but I see Bitcoin hitting $9k - $15k again because of reduced liquidity and therefore I see a blood bath for alts. DCA with a reserve of fiat weekly is my strategy. Hoping for continued bloodshed and cheap buys until the next run EOY/during 2024! LFG!