Big Buy Alert
Added 2021-12-04 16:54:57 +0000 UTCBlack Friday ran a little long this year. As you've probably noticed the crypto market really took a dive in the last week following basically every market trending downwards recently.
Why is this happening?
While there isn't an exact reason we can point our finger to blame there seems to be a mix of fears in investments in general>
Stocks pulled back further this week as investors (primarily the large institutional boys moved into safer assets) What happened, in this case, is you see tech and more volatile stocks decrease in price first, and then the 10-year treasury yield decreases. This decreases because the treasuries you and I can buy are on the secondary market. As more people buy the 10-year treasury the market price for them goes up which means the yield goes down.
It seems the overall investment fear crept over to cryptos which then took a tumble as a result.
Because of this, I think it is a good time (in my personal opinion) to go shopping.
I'm going heavy, but not all in, because this may not be over with quite yet. If you were investing through dips in the summer you saw 3-4 very significant dips.
Here are my buys (remember this is relative to my portfolio and accounts to about a 10% addition total):
BTC $4,000.00 $48,188.00
ETH $2,000.00 $4,021.00
ADA $3,000.00 $1.40
ERG $2,000.00 $6.08
LINK $2,000.00 $19.83
SOL $2,000.00 $202.00
VET $2,000.00 $0.09
ENJ $2,000.00 $2.90
SDN $2,000.00 $2.00
PYR $1,000.00 $27.85
KCS $1,000.00 $22.84
KDA $1,000.00 $13.15
I am actually pretty excited about this dip as the market has been a bit hot but just please be careful. It might be a good time to add to some of your favorite index funds as well to up your investment safety as well.
Not financial advice.
All purchased on Kucoin: https://www.kucoin.com/ucenter/signup?rcode=rJMS45S
Also might be a good time to rewatch this video: https://youtu.be/Mx__7JEmkKw
Discord link working again for those who were having issues https://discord.gg/9wSVmT2ewU
