I have some crypto, I've been having it for more than a year now. I also have some more money to dump in this hole I call a portfolio, which leads to the question on "when exactly?" do I press the Buy! button?
For once, I tried to be smart about it.
I've spent 4 days analysing the War, how active it is and watching/reading russian/ukranian news/blogs.
I went on to analyse the USA financial situation - inflation, interest rates, FED and all. I even continued with the NASDAQ and SP500 charts with probable outcomes, which lead to Crypto charts and a dozen more probable outcomes. To save you the trouble - it's either up, down or sideways. Resistance and support is just BS.
I have it all as a genogram map on a couple of A4 sheets of paper.
Now let's look at recent history.
The last FED meeting shot up the interest rates with 75, highest since 1994. We all expected a big dump, instead we got a rally. A lot of money changed hands but the price barely moved. Go figure.
After all of this big brain stuff I came to the realization that no matter what you do, you have no way of knowing how many people are out there waiting for the perfect time to sell or to buy, which is what moves the price up or down.
Yesterday I saw the price fall down from 22.1k to 21k, said "F it!" out loud and dumped it all.
I don't care if it falls further and I could've done better, I just can't spend anymore time overthinking something that is literally unpredictable.
P.S. dont hit me with the DCA stuff in the comments, I have my reasons for not liking the DCA strategy.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments