What happened to BTC and ETH last night when prices dropped more than 10%?

Volatile market .

No reason in short term, just up and down to shake out ppl

Hi anon,

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I am an experienced crypto long-term investor and my many sources of intelligence show that the broader crypto market is on the verge of a massive bull run, much faster than the previous pullbacks. Volatility is part and parcel of an asset class that is set to stabilize when it becomes mainstream. The very fact that digital asset investors see high volatility like 20-70% pullback is the price for life-changing gains ahead.

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As for your question, it is caused by whales that force assets to flush out the massive leveraged options and futures positions that greedy traders were using. Do not use leverage when investing in cryptos. I have learned my lesson too and this I hope you can benefit from.

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If you are an experienced commodity futures trader (I am learning to be an excellent futures trader right now), you will see the various price-actions that has confirmed this about 2 months ago. Plus, if you see the fundamentals stacking up with institutions and global adoption, you will not want to miss out on this once-in-a-lifetime blockchain boom. By the way, I am also invested in several blockchain businesses (stocks) which have a tremendous impact on the future of blockchains. This trend will be the start of Web 3.0 and a massive change in the way how we use the internet in the next 5-10 years.

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Selecting crypto assets is very much like buying strong and quality businesses. Unfortunately, I have been discussing this with one of my close investment buddy and I observed that there is no one I know who can figure out how to value a crypto asset correctedly. I have very good connections with insiders and hedge fund managers and I can understand the methodologies of how they select crypto value plays based on metrics like P/S, fully diluted market caps/TVL ratio to find the hidden gems, such as DeFi tokens. Other protocols required similar approaches like revenue/sales generation and price appreciation compared with incumbent solutions like BTC and ETH. You will need to understand who are the backers of each projects and how many GitHub commits they are clocking each month and how well they are funded, the better the chance that it will succeed. If you understand these very clearly, investing in crypto is definitely not gambling, but a very good asymmetric investment return that easily exceeds the returns from equities investment in a much shorter span of time. If you like to turbo-charge your crypto investment like myself, I recommend staking or putting your assets in 8-12% APY institutions that are fully endorsed by SEC and backed by insurance for thefts and losses. This type of fail safe investment strategy is how anyone can earn passive income investing in cryptos, something not most crypto individuals are aware of.

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Crypto is a HODL (buy and hold) asset and is best to buy on weakness and sell on strength. Unless you are a very experienced trader, it is better off buying and forget about it. Come back and look at your positions a year later and you will have a very big smile.

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If anyone is interested to learn more, feel free to reach out and I will be happy to share.

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Good Investing and Stay Safe!

Who cares for the reason? It's already over. Just keep buying the dip if you believe the future of BTC and ETH. #tothemoon