The market situation is not the best and no one knows what to expect, there is a fear of investors in the market. Since the recent drop, bitcoin has lost 40% of its ATH, the fear index has reached 10, and even the altcoins that performed better in the correction, such as NEAR, ATOM, have also lost a little in value. We hit the baseline BTC support of $ 40,000, which we got off to a good start last time, and went to the new ATH. Bitcoin dominance at the bottom. And today we saw a rebound and a small rise in BTC and the market as a whole. Perhaps this is the beginning of a new rally? Is it time to enter the market? I think yes, since we are not that far from a possible second bottom, and even if the lease continues, in any case, we need an upward correction.
Definitely a great time to pick up some coins. I know that not all of us have stablecoins stashed aside waiting to use them. However I have to say that it is clear to me how we are doing something that is dangerously great and at the same time terribly risky whenever we put our own money into crypto and take a huge risk, and I do not mean like savings and all, I mean literally money that we are risking and need.
It is always said that if you can't afford to lose that money, then you should not invest with it. However unless you are putting up your rent or something, it is clear that you would have spent that money and you could have still lived without it if you invested. I probably have like 200 bucks every month that I could put aside, which is a huge amount in my nation, but I usually spend it, save like 50 to 100 each month depending on the month.
