Well, that was fast. Just yesterday, I wrote an article entitled, “Why cryptocurrencies like bitcoin are about to crash again.” In it, I wrote: “A contrarian might conclude that cryptocurrencies are ready for another swift whoosh down to counter the hubris of the longs/bulls/crypto traders that is clearly dominant once again.”
And today, most every major cryptocurrency is down 15% or more and bitcoin itself is down 8%.
I’m likely going to nibble some more Stellar Lumens at some point, but not just yet. I do believe there’s still much more downside in even the best and most likely to survive cryptocurrencies before The Great Cryptocurrency Crash is over and I hope I get the chance to buy more of the Lumens and maybe a few other cryptocurrencies at much lower levels still. Be careful out there!
Oh, and here’s picture of Lyncoln with Lobo and one of Amaris swinging as we head into the weekend.
Bet you’re smiling now. Have a great weekend and thanks for subscribing.