In the long term Cryptos are likely to go higher (though there are nay Sayers who say that they are scams and will go to zero)

In my opinion, while there are Cryptos that will fail and go to zero, there will be many that are here to stay and will increase in price.

For Cryptos that are here to stay, it is the time horizon that you have to look at or hold them in order to gain from them. 

SO WHAT DO YOU THINK WILL HAPPEN IN THE  SHORT OR MEDIUM TERM? (Say next 3 months and up till the end of 2024)

The price of BTC went down from $49K to $39K. Then recovered to $42.7K and is now around $42K. The rise and fall of BTC affects the other Cryptos and in fact they rise and fall more severely than BTC.

HAS CRYPTOS FOUND THEIR BOTTOM?

If Yes, then the drop in January was a buying opportunity that those who did not buy then missed.

If prices go up substantially from here, they will either have missed the boat and be left behind or have to pay a lot more than what they could have bought for in January. 🦋

  I thought that $39K was not the bottom and expected BTC to test $38K. I expected it to bounce from this level. In the event that $38K fail to hold, the BTC could go down to between $30K to $32K.

There are analysts who believe that BTC could go below $30 and I have seen analysts that quote $15K

WHAT DO YOU THINK? HAVE YOU MISSED THE BOAT OR WILL THERE BE THE THE OPPORTUNITY TO BUY AT BETWEEN $15K TO $38K? https://www.youtube.com/live/ZGWuuQHf1i4?si=BlXKbJDjJZHFRuuX

For me I expected $38K to hold and $30K as the Worst Case scenario. As a retiree with no extra money to invest in Cryptos, my total purchase orders that will be filled if $38K fails to hold is $35 only. Since I am already almost all in when the BTC was at $39K, I did not miss the boat.🦋

WHAT ABOUT YOU?