When they are all on sale.

Those soap bubbles really seem to pop fast this time.

Where do we go from here?

This morning I was thinking about adding another crypto to my long term portfolio. Thought I already might be too late again. Things were getting back in green at the Cryptocurrency/ Bitmoney market since yesterday. All kinds of things to do, no time to keep a close I on the market all the time. And then it looked like it was a good time to buy again, as a lot went down in the red today. Ideal time to buy, all cryptos on sale. Another soap bubble, that one was short. Wonder what 'news' FUDded it this time. Did China do something bad? Or did the BTC {Bitcoin} ETF {Exchange Traded Fund } get a final deny at last? Does it matterthough? Could even be the 'bots' doing another leverage gain sell dump.

Maybe I could have seen it coming in the high 24 hour trade volume of almost 6 billion. The last times this pump 'n dump happened it had similiar signs. Very high 24 hour trade volume and a new All Time High {ATH} in total Bitmoney/ Cryptocurrency market capacity. Last time it went down a lot it was close to a 100 billion and now it seems the 115 billion ATH is hard to get passed by. Yet, thanks to other obligations I was distracted and therefore stayed calm in effect. Overall my long term portfolio is still in a big plus, but some smaller ones have cost me a loss. Still, I am sitting this one out again. As I expect there will be more soap bubbles blown our way and the same leverage pattern will show itself. It is almost logic, after a big pump comes a huge dump.

Not decided what to buy yet. And maybe the market already recovered too much. Because I want to buy at the lowests position after a big dumt took place. You know, going with the pumping flow. Anyway, this again shows that it is best to only invest what you are willing and able to lose. And your speculation might be as bad or as good as mine.

Have a great one!

*All them poppin' soap bubbles are pump 'n dumps

Photo cc-by-sa @oaldamster