Self watch many videos by the so called crypto experts, or old hands
And came across something very intersting - remember I only started investing in crypto in mid January
Last year every one was told to hold, so many Held and are still holding
Self know of at least 3 people that held
The one still does some trading, however he does so randomly, without even looking at the indicators
The one is too stupid and the other one is now apprehensive cous he burned his fingers listening to the stupid one
Self was advised to hold, as the moment I withdraw, i will loose, and have heard that again after that
Self went against that advice, and wish I had sold earlier
Have learned some technical analysis and have learned something about some of the indicators
Still have a long way to go, and much to learn
However I started selling, waiting for the price to drop, and then buying more quantity then what I had
Yes my fiat currency might be less, however I have more of that crypto currency then what I had when I started
From Friday to yesterday
Sold 112 XRP and for the same amount of Fiat, bought back 118XRP
Its a small gain
Am in crypto for the long run, hence why the idea is to trade for the long term
This way, when the whole crypto market goes up/moon/lambo . . . . .then I will reap the benefit
Yes for the moment I am down - hence why good advice is to not invest money that one can't afford to loose
The money I have invested in crypto, I that I don't need to eat or feed my dogs with
However the money that I WILL make from crypto will buy me a catamaran to go sailing
Back on topic
The market is full of people holding, and if people are just holding, then there is little trade
The volumes are low
So either the people holding start trading, and the market moves forward, or we need to wait for new people to come into the crypto market for the volumes to go up and the market to realy start moving
This is just my delusional idea/theory of why the market might not spike to BTCUSD35000 (not based on any facts)
Hope I am proven wrong