What a crazy rollercoaster ride we are on in the world of crypto! Yesterday we were still digesting a week of FUD that sank BTC and the entire altcoin market. Many of us saw our profits and portfolios erased by news stories coming from Elon’s Tweets, China’s ban on BTC (for the 7th time) and concerns that the Bull Market was over.
Now that the price of BTC is up by 14% in the last 24-hours, we are once again seeing greener pastures. The question of the week…. will FUD turn to FOMO? If BTC breaks $40k early this week, I would expect to see a lot of money pouring back into BTC. The fear of missing out is real, and would you rather buy a $40k Bitcoin or a $50k Bitcoin? The best investors are the ones that can remove emotion and stay patient. I believe that the whales were able to tank the price, scare off the shorts and started reinvesting into Digital Gold!
From FUD to FOMO……. all aboard!!! The train leaves the station this week, and hopefully it doesn’t derail!
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