Is the cycle over?
Is the cycle over?
I’m young and just have a good amount of money in crypto cause I know its a good long term investment but I’m up even now on all major coins but seeing it go down so much I’m wondering if it’s going to keep going down and I should sell to buy it when it’s cheaper or do you guys think it’s still gonna rally up a bit and maybe I sell then? Cause I wanna be able to get some profits and then buy cheap again to get more or should I just stop paying so much attention and keep holding cause either way it’s long term for me!
No one can predict what will happen. But based on historic patterns, this pullback is normal. This is based upon previous bull runs. A major pull back occurs before a major run up. Again, no one can truly predict what will happen, we may continue down until the next FED meeting. If Powell doesn’t drop rates, expect a major down turn.