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Founder of the Equation: Increased holding of BTC today as a long-term investment, the market has fallen into excessive panic.

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On November 16, Vida, the founder of Equation News, stated that today he increased his holdings of some BTC as a long-term investment and also increased his holdings of a small market capitalization Meme coin for a few months of short-term speculation, with a total consumption equivalent to 0.7% of his personal worth, which is a casual play, and both gains and losses are ultimately limited. Personally, I am currently quite bullish on the performance of the crypto market in the coming months because, as I have analyzed, the US stock market will not fall too severely. The sharp decline in the crypto market seems a bit overly panicked; BTC is currently at the support of the 1-week supertrend indicator, which is probably the most effective support in this bull run; the sentiment in the altcoin market is somewhat overly panicked, and buying during times of excessive panic tends to have a higher probability of success. Of course, the best buying point in the world is to wait for Strategy or Bitmine to encounter liquidation, but it's just that this moment seems unlikely to happen within a year.

BTC-0.03%
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