You Asked For Bloody View You Got It
Such a coincidence happened yesterday as well as today for some people, we were eager to see the Lunar Eclipse and capture it as it's not harmful to the naked eye, unlike the Solar Eclipse, sadly in my place it was cloudy and didn't saw the moon at all. We trended Lunar Eclipse in noiseapp so much that after the Eclipse we got to see the Bloody Crypto market, I guess the law of attraction worked, lol. The lunar eclipse looked bloody red in many regions of the world.
Jokes aside it was mainly due to the other reasons but the timing and actions were very relative, haha.
What were the reasons?
The major reasons were the FTX and Binance drama, and the mid-term US Elections. Although I never thought it will dump this hard, I guess CZ Binance intentionally took action on FTX during this time otherwise this would have been delayed and a sudden drop like this wouldn't have been avoided. Looks like Crypto is secretly used by politicians and shady people and so they took out some of their money from the market during this election day.
These are just my personal beliefs don't think what I say is 100% true.
Didn't Miss The Opportunity
Every dip is an opportunity for some to buy more but the dip meme hits harder when you realise. Too many dips not many pumps and out of funds, lol. I had made some limit orders and luckily while I was peacefully sleeping they were all completed. I used to put orders in parts so that I don't miss any level. But it dipped more than my expectations.
I had 0.8BCH when I started trading again a month ago in Bitcoin Cash but now I have nearly 1BCH. So I think I am in profit in terms of accumulation.
Future Expectations
I have hopes that it will recover to the 120-130$ by end of November month and possibly will dump before Christmas. Because you know people will celebrate no matter what's the situation and a lot of money will flow out from the Crypto market dragging all the coins down again. Based on the previous 10 years' November Crypto market movement.
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Final Thoughts
The moon is beautiful we shouldn't blame it, for such happening. It was just the Moon was in the wrong place at the wrong time, haha. Till 2024, neither BTC nor BCH will go to the moon and reach or break their ATHs.
Till then use better ways to finance your investments. I Simply sell at high in high amount to avoid selling coins in dips like this. You know in the upcoming 2 months you will need and use a lot of money, so be prepared because in the Crypto bear market these sudden FUDs can happen anytime and you wouldn't like to sell your investments at a low price.
Yesterday was a bad day as Nepal faced Earthquake and the casualties there were very bad along with India experiencing Earthquakes in many North-Western states with a Richter scale above 6. No serious casualties happened as far as I know apart from some infrastructure damage.
Note:- Not a financial advice if it was I would have surely charged for it, haha.
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Indeed you are in profit, though it's not alot of profit but at least some