Empire

Time To Buy The Dip? | 1000x

13 snips
May 2, 2024
Discussion on whether it's time to buy the dip in the crypto market post halving, bullish case for ETH, strategies for finding the next big trade, insights on staking vs supply dilution, trade structure for alpha, and exploring on-chain derivatives protocol Perennial for efficient leverage.
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INSIGHT

Market Sentiment Shift

  • Extreme bullishness at $70k Bitcoin blinded many to the possibility of a drawdown.
  • Now, at $57k, the same crowd has flipped bearish, highlighting market sentiment's fickleness.
ADVICE

Bitcoin Valuation

  • Assess Bitcoin's attractiveness based on risk/reward and value/momentum.
  • Consider buying at lower levels, like $57k, where value buyers might enter.
ADVICE

DCA and Diversification

  • Don't overtrade or FOMO; instead, DCA into crypto.
  • Buy at dip levels, diversify into new tokens, and learn by having skin in the game.
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