I WAS WRONG!😅 (Is Crypto Dead?)🤔
I WAS WRONG!😅 (Is Crypto Dead?)🤔
Will there be a Santa Rally for crypto? Since the FTX collapse and Sam Bankman-fried being exposed as the biggest scammer in crypto history and possibly financial history, the crypto market has made a new low and panic has engulfed the crypto space as investors expect the next cryptocurrency exchange to collapse at any moment. As the old saying goes “buy when there's blood on the streets and be greedy when people are fearful”, investors have recently moved all their cryptocurrency off exchanges that they could and whoever wanted to sell has probably already done so during the panic. I didn't expect cryptocurrency to make this new low but as I said it would take something totally unforeseen and bigger than any other catalyst that has pushed the crypto market down thus far. Nobody expected FTX to collapse but now that it has, we may have reached full capitulation, and this might represent the best opportunity to make life changing wealth in the next bull market. Cryptocurrency might make another leg lower but if you continue to wait for another drop then you will inevitably miss the bottom of the bear market as there will always be somebody saying that there will be another lower price in the future.
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