Everyone following cryptocurrency knows we’ve had a big correction of late – some would say crash, but those of us who’ve been in crypto for a while know that it’s par for the course. Cryptos are volatile, get over it!
Earlier today I saw signs for a bottom in the market when the price dropped to £4300 and then hung there for a while. Following it for a few hours this evening I saw it gradually come back up and, although it dipped a few times, it never went down so low again. I think that was the lowest point, the dip.
They say ‘buy the dip’ so I put my money where my mouth is and bought from Coinbase – in fact by the time I had become sure things were going up it had already reached £5500 so that’s what I paid. As I write this it’s at £5600 but still jumping up and down. It’ll be interesting to see where it is tomorrow morning. I’m confident it will be the right side of £4300.
Meanwhile for a bit of light relief – one can spend too long looking at charts and agonising over price changes – here’s the Coin Bros with “Buy the F*#!ing Dip”. Enjoy!