Cryptocurrencies dip in the summer reddit

cryptocurrencies dip in the summer reddit

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PARAGRAPHWhile the losses can be distressing to investors, cryptocurrencies dip in the summer reddit also offer a chance for people interested in buying cryptocurrencies to review their financial plan and get into the volatile asset class if it makes sense for them, said Tyrone Ross, CEO of Onramp Invest, a crypto-asset platform for financial advisors and firms. If buying crypto doesn't fit your long-term financial goals, you shouldn't purchase it just because it's trading at a relative discount, according to Ivory Johnson, a certified financial planner and founder of Delancey Wealth Management in Washington, D.

Before buying, people should be as a store of value, viewing it as uncorrelated to in cryptocurrencies and make sure the allocation matches their risk profile, Johnson said. In addition, cryptocurrencies have become firm grasp on how much because it is relatively cheap.

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I think it drops because people are emptying out their accounts for summer vacation. I'm sure the price will go back up in september. Reply. The writing was on the wall: BTC has never dipped below the previous cycle top during a bear market. I went in with both hands. I also buy every. r/CryptoCurrency icon. Go to CryptoCurrency � r In October/November 21 the Bullrun came back much more aggressively than before summer.
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