Marc De Mesel: Do Not Fomo Into Alts But Create Investment Plan
Now that crypto pumped to $220B, and Alts seem to start to take off too, it's very tempting to buy into it for the next leg up. However, odds are big Bitcoin dominance will continue to go up as it just started reversing after 6 months downtrend. So unlikely to see altseason here, more likely we will see dominance continue to increase, not via a continued rally for Bitcoin, but a strong and overdue correction of the whole market, where Bitcoin typically increases it's dominance too.
Many have been buying crypto above 5k and are afraid today they missed the bottom, however time to correct such mistake is not today but upon a correction. In order to do so you have to create your investment plan today so that you will stick to it when the correction happens, and not chicken out or set targets increasingly lower, failing to buy again. Prepare for both a continued strong bear market making new lows, but also that bull market might have started, and a weaker correction is your last chance.
Links:
My Investment Plan:
https://twitter.com/marcdemesel/status/1127449435158581249
Bitcoin Dominance During Bull & Bear:
https://twitter.com/marcdemesel/status/1114136073997815810
Fear & Greed Index:
https://twitter.com/marcdemesel/status/1127104750820974592
Trendline Bull & Bear Cycles:
https://twitter.com/marcdemesel/status/1119812435261710339
Additional Info
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