Honestly, ever since the last $70k risk-off, I haven't been able to rashly repurchase. I am generally optimistic about the future of #BTC and believe we are approaching a long-term bottom (weekly to monthly), but as a retail investor: 1. My money isn't infinite. 2. Therefore, I cannot recklessly assume that this is the bottom. 3. I am accumulating for the long term, but a full-scale buy based on 'certainty' is a separate matter. ---- For the wealthy investors, I think this is a winning position if they keep buying, whether at the current price, 60k, or 50k. However, knowing that it is not as easy as it sounds for a retail investor... For now, I am only accumulating with less than 50% of my seed capital, while having bought the rest at 68k last time, eventually exiting at 70k, and now waiting again. ---- Speaking my honest opinion, looking back, I do think this is likely the bottom now anyway lol. Or maybe not.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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