Not sure about the sentiment in the market right now especially the current massive sells happening. Seems lots of whales are taking profits even when the odds of a possible rate cut in september is high at the moment.
A lot of options am considering right now are really "hilarious":
1. Buying the dip and staking them
2. Sniping memcoins (highly risky and costly)
3. Buying and staking stablecoins until market show signs of bulishness
What do you think?
My recommendation for this dip will be to split your investment funds into two equal parts and use one part to buy the established altcoins then the other part to buy bitcoin. I will not support buying memcoins or staking your money on centralized exchanges because of the risk associated with that, if anything happens, you lose your money 100%. I do not believe that we have reached the peak of this market cycle, so buying the dip is still a wonderful thing to do now.