Really interested to know why you are so keen to "buy the dip" with crypto after it falls about 60% from record highs, but not with equities when the FTSE falls less than 10% from record highs.
This is where I don't understand the logic of crypto investors.
I mean... value investors would probably be considering the stock market in a bubble and waiting for the dip to get deeper before buying. That's when you buy.
The people to win from the financial crisis by the way where anybody holding cash.... they were buying up new builds at auction. Completed 2 bed apartments smack bang in the middle of Leeds city centre were going for £30k at auction, because the developers had gone under and nobody could get a mortgage. Those people with cash really found that "cash was king" at that time, and the equities were a bargain.
Go and look at how much those apartments are worth now.... £150k, £200k.
Firstly, what I choose to do with the money I've worked hard to earn is my business, not yours. I don't even know who you are, so therefore you do not know me!
Secondly, I choose to invest in Crypto because I believe it holds a strong future position in not just world economies, but most industries due to the underlying blockchain technology. I admit it is somewhat of a punt at this stage, but a punt I'm willing to take.
Thirdly, investing in Crypto is part of a diverse portfolio I have, and Crypto is a very small proportion of that. I'm not interested in buying, selling, or maintaining property, that just doesn't float my boat, so it isn't all about what is considered most profitable!
Perhaps I wasn't clear, but I've paid into my index funds via S&S ISA and SIPP monthly for a long period of time now. I've done so because I accept based upon fundamentals and historic data that markets will continue to rise long term, and compound interest/investment is key. My only debate was over whether or not I should consider holding back on investing within the indexes I've selected this month; the money itself is allocated to the ISA and SIPP regardless; it isn't being held back for use on Crypto. I can understand why you have been misled by this, but at the same time, feel you were deliberating trying to 'miss the point'.
In conclusion, from the start of this thread, you've been quick to jump down my throat based upon my own views of Crypto, and you've been even quicker to point out $20k was the time to sell, and that we should have bought properties in Leeds (did you?). I don't know what magic ball you have, but I'll give you 1 BTC for it.
I'll leave you to argue with yourself, but then you've resigned haven't you.
