How I’m Taking Advantage Of The German Crypto Firesale!
On July 4th, the crypto markets experienced a massive capitulation event. Here’s why and how I’m taking advantage of this discount.
Things are going crazy in the US. We have a president who the government confirms functions cognitively only six hours per day. The US government is custodying their Bitcoin with Coinbase, a company they are suing simultaneously. McDonalds launched two $5 meals. It’s looking increasingly like a convicted felon will be running the country in 2025. And you can now buy Bitcoin at under $60K!
My main concern is the final point: the huge firesale in the crypto markets right now. After last week's gigantic flush of leveraged traders (second highest in history after the FTX debacle), the crypto markets are rife with rekt speculators (who longed the market at the wrong time), desperate altcoin holders (count me in this boat), and countless experts and analysts telling us exactly where things are going next.
I wanted to add my theory and how I approach the current pullback in the crypto markets. In six months, we will know if buying this dip was clever and rewarding or if we ignored the charts' obvious story. I am optimistic that now is a good time to add to positions. Allow me to share why.
