Hey friends!
To answer the question "when to buy", in my opinion, it is necessary to take into all the factors for cryptocurrencies and factors against cryptocurrencies.
More negative news fresh so let's start with the facts against crypto.
1.China bans crypto.
I've heard this about three or four times since 2016, and like an old, not-so-good joke.
2.American government members decided it is necessary to control large volumes of crypto, more than $ 10,000.
This factor looks negative on the one hand, but in fact, this factor can also be considered positive, since today the cryptocurrency has a reputation as for payments on the black market and also for various illegal types of business. Since some institutional investors have started to enter the cryptocurrency market, of course, regulation is required sooner or later. That is, this factor is not critical. They begin return to the issue of regulation, but this is not a ban, which means that crypto still has a future. And it's not just only American citizens who use cryptocurrencies. This market really needs regulation. Such persons like Elon Mask should be responsible for market manipulation.
Fact! Among the other things, since all of accounts on the crypto exchanges and any crypto wallets are demanded an email address, it is not hard to find all the necessary information from logs, internet provider company, location, social media and etc. Also, many people use PayPal wallets, which are personalized. Most of crypto exchanges require a KYC procedure in case you are big investor. Crypto market is no longer something really privacy already.
Summing up the negative factors, I honestly do not see new one.
The biggest negative of crazy high leverage, more strength to impulses through margin calls and liquidations.
On the positive side.
1.Halving has taken place, demand is growing, and less crypto is being mined. Deflationary model.
2.New things such as staking, DEFI, NFT. Great prospects for these new phenomena. Easy entry to the crypt through payment systems. Big funds bought crypto and hodl.
Summing up what is behind for the crypto and against, nothing new happened, only the expectations for a number of factors did not come true, and the leverage is doing its job. Thus, I don't think that the all time highs will be updated soon in the near future.
We just can try to catch the rebound of a dead cat. But only with very adequate risk management.
On the chart, I marked three zones from which, in my opinion, a rebound is possible, just an opportunity to make good profit as well.
To answer the question "when to buy", in my opinion, it is necessary to take into all the factors for cryptocurrencies and factors against cryptocurrencies.
More negative news fresh so let's start with the facts against crypto.
1.China bans crypto.
I've heard this about three or four times since 2016, and like an old, not-so-good joke.
2.American government members decided it is necessary to control large volumes of crypto, more than $ 10,000.
This factor looks negative on the one hand, but in fact, this factor can also be considered positive, since today the cryptocurrency has a reputation as for payments on the black market and also for various illegal types of business. Since some institutional investors have started to enter the cryptocurrency market, of course, regulation is required sooner or later. That is, this factor is not critical. They begin return to the issue of regulation, but this is not a ban, which means that crypto still has a future. And it's not just only American citizens who use cryptocurrencies. This market really needs regulation. Such persons like Elon Mask should be responsible for market manipulation.
Fact! Among the other things, since all of accounts on the crypto exchanges and any crypto wallets are demanded an email address, it is not hard to find all the necessary information from logs, internet provider company, location, social media and etc. Also, many people use PayPal wallets, which are personalized. Most of crypto exchanges require a KYC procedure in case you are big investor. Crypto market is no longer something really privacy already.
Summing up the negative factors, I honestly do not see new one.
The biggest negative of crazy high leverage, more strength to impulses through margin calls and liquidations.
On the positive side.
1.Halving has taken place, demand is growing, and less crypto is being mined. Deflationary model.
2.New things such as staking, DEFI, NFT. Great prospects for these new phenomena. Easy entry to the crypt through payment systems. Big funds bought crypto and hodl.
Summing up what is behind for the crypto and against, nothing new happened, only the expectations for a number of factors did not come true, and the leverage is doing its job. Thus, I don't think that the all time highs will be updated soon in the near future.
We just can try to catch the rebound of a dead cat. But only with very adequate risk management.
On the chart, I marked three zones from which, in my opinion, a rebound is possible, just an opportunity to make good profit as well.