"Bulls make money, Bears make money, pigs get slaughtered"
This Wall Street quote is valid for all kind of investments including Cryptos.
I think its time for "pigs" to get slaughtered which means that aggressive traders with long positions and margin will get out of the game.
What I see in many charts for Cryptos is that we have a corrective period which is leading prices lower.
Long term believers will find opportunities but short term traders who were thinking of making plenty of money rapidly, will play the "pigs" role.
So in practice, I like a lot MATIC and I am a long term investor.
Short term the road looks bumpy and I think that we could see 1.10 or maybe lower (as the move down unfolds it will be interesting to analyse it)
If you are a short term trader either in Matic or at other Cryptos, please do your homework, place your protective stops, protect your money, do not become a "pig"
This Wall Street quote is valid for all kind of investments including Cryptos.
I think its time for "pigs" to get slaughtered which means that aggressive traders with long positions and margin will get out of the game.
What I see in many charts for Cryptos is that we have a corrective period which is leading prices lower.
Long term believers will find opportunities but short term traders who were thinking of making plenty of money rapidly, will play the "pigs" role.
So in practice, I like a lot MATIC and I am a long term investor.
Short term the road looks bumpy and I think that we could see 1.10 or maybe lower (as the move down unfolds it will be interesting to analyse it)
If you are a short term trader either in Matic or at other Cryptos, please do your homework, place your protective stops, protect your money, do not become a "pig"