EPISODE #314: Navigate the Crypto Market Dump (Bull Market Support Band and Fear & Greed Index) - Peso Smart PH

Peso Smart PH: Investing in the Philippines

English - January 23, 2024 10:02 - 11 minutes - 10.7 MB - ★★★★★ - 1 rating
Investing Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: EPISODE #313: How Stoicism Can Make You a Better Investor - Peso Smart PH

Next Episode: EPISODE #315: Where did Tywin Lannister Go Wrong?

Bitcoin is currently down 19% from its local top of almost $49k 2 weeks ago. The dump is probably caused by traders closing their positions after the Bitcoin ETF approval hype cooled down. We are still around 5% away from touching the bull market support band and if BTC's price action goes that way, it might be a good time to deploy some capital.

DCA is still the best strategy for most long term crypto investor. DCA into the market while it's down and DCA out of the market while it's high.

💲Peso Smart PH is a channel that aims to educate Filipinos on how to handle their money better, invest in the stock market, take advantage of compound interest and discuss all things personal finance. I'm an avid fan of Warren Buffet, Mark Cuban, Gary Vaynerchuk, Robert Kiyosaki, Og Mandino and Tony Robbins. I want to share this journey with you to broaden my understanding and knowledge in the world of investing, money and wealth.

#crypto #bitcoin #bitcoinetf #cryptocurrency #cryptoverse #bullmarket #bearmarket