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Future of Crypto: Has The Storm Passed?
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[QUOTE="Shaf, post: 268752, member: 25467"] The macroeconomic conditions are not good and it's not only the cryptocurrency market that has been affected. Stocks and shares, gold and other commodities have also taken a hit. For Bitcoin though, looking at previous charts and using the current price action, it has been consolidating. It may be possible that it has bottomed out, but further downtrend can't be overlooked since no one cam really tell the bottom except in hindsight. The price movement of altcoins also depends a lot on that of Bitcoin, so they can go down even more. The best thing to do is to start dollar cost averaging now especially into Bitcoin and Ethereum. One can buy other altcoins, but not all of them would survive the bear market and still make it to the next cycle. Avoiding risky investing like shitcoins, trading shorter timeframes, futures trading without the prerequisite skills would save one money. Preserving capital and accumulating good projects should be key to focus on now. [/QUOTE]
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Future of Crypto: Has The Storm Passed?
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