Bitcoin: Another fair warning to newcomers

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murtaza835
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Just a reminder, that is all fun and games until you wake up and your portfolio is down 20%. We recognize the risk associated with Bitcoin and are macro-bullish on it as always. Unfortunately, during period of significant extension and euphoria, a lot of new money can pour into the market. This money that pours is not always the smartest money to exist. Can Bitcoin rally above $20k? Of course! But is there a universe in existence within the multiverse where Bitcoin could correct back down to the 20 week MA? That would also be a plausible scenario. I just want people to remain level-headed about the market. I'm excited to see what Bitcoin has in store for us over the next few years, but I also do not want people to make the same mistakes that were rampant at the peak in 2017. This Bitcoin market cycle is likely just getting kicked off and if you are in it for the long haul, then you likely do not have much to worry about. If you are over-exposed to the market and could not stomach a drop, you might ask yourself if the risk is worth it. Only you can figure that out!

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