Another drop in crypto where Bitcoin's dominance holds strong! What am I watching?
✅ETH below 2,000 $ interests me again for long-term accumulation
✅Altcoins I mentioned about 3-4 months ago that I will not accumulate anymore unless they capitulate against Bitcoin towards the bottom areas of 2017 and 2019-2020, but why?
🚨NOT because Cowen said so, who is super bearish on alts and has been wrong in the past, but because I am overexposed in altcoins and even if I were to do DCA at better prices, I would considerably increase my investment in ALTS which I do not want at the moment. I increased it in ETH. And I have 2 options:
🛬1. We get there:
• I have altcoins at ridiculously low prices and I significantly pull my average down, without having done slow DCA for another 3-9 months and continuously adding money
🛫2. We do NOT get there
• I remain with what I have accumulated and I "missed" some better entries without increasing my risk in alts, I am satisfied either way!
🎺Make your own plan and do not let influencers "manipulate" you so that later you blame them, take from each what suits you, based on your thinking filter and the level of trust you have realized over time in each coin. We all make mistakes, what matters is how we adapt to these mistakes!🎺