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Don't buy the dips..
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The opinions stated below are not financial advice; these are my thoughts on the current market and how I navigate it. I might be dead wrong, and I am not a veteran investor who can give any sort of advice.
Why is everything dropping?
Things are not going so well in the global economy. One thing that triggered the downtrend of crypto is the anticipation of the FED rate hike in March. Here is the little backstory:
From March 2020, when COVID 19 started knocking on the door, FED turned their money printer; they practically gave the citizens free money.
And the issue -Inflation.
"The total goods and services of a country should be equal to the total money supply of that country"- The more money it gets printed, the more prices of the things will go up
You might have seen the price of literally everything goes up from 2020, real estate, rentals, even stocks and crypto.
Do you seriously believe these things can go on forever? I don't think so.
So did the FED. Soon they will stop printing money. They will raise the interest rates. This may not be good for the crypto/Stock market, with more…