Rough day but we got some really good data. Hopefully you were all able to add some at these sale prices too.
I was talking to a friend about these last few days in crypto and we had an interesting idea. The whales realize that there is a ton of retail investors coming into the space. They were able to sell into the wave, take profits, and keep the market pinned down so they can accumulate more at much better prices. They don’t want demand coming in before they aquire their full positions.
Most people realize they want to be in fairly liquid positions right now. The macro picture remains the same though (fed and world banks non stop printing). You can’t afford to sit on cash because that bubble is getting closer to popping everyday. Gold is ok to preserve buying power but that is a crowded trade right now.
Just seems like buying into ADA with high growth potential, an actual framework for development, and protection from inflation is a solid bet.
Curious to hear how all of you are viewing this. Good luckk to all of you and stay safe.