Founder of Equation: Increased BTC holdings today as a long-term investment, the market has fallen into excessive panic
BlockBeats News, November 16, Formula News founder Vida posted on his personal channel that today he increased his holdings of some BTC as a long-term investment, and also increased his holdings of a small-cap Meme coin for short-term speculation over a few months. The total expenditure is equivalent to 0.7% of his personal net worth, which is just a casual operation, and the eventual profit or loss will be limited. Personally, I am currently optimistic about the performance of the crypto market in the coming months because:
As I have analyzed, even if the US stock market falls, it won't be too severe. The sharp decline in the crypto market is somewhat overly panicked;
BTC is currently on the support of the 1-week supertrend indicator, which is probably the most effective support in this bull market cycle;
The sentiment in the altcoin market is somewhat excessively panicked, and buying during times of excessive panic tends to have a higher win rate.
Of course, the best buying opportunity in the world would be to wait for Strategy or Bitmine to be liquidated, but for now, it seems unlikely that this will happen within a year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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