Over the last year, up until recently, ALL crypto had to be purchased with Bitcoin.
And Bitcoin has been constantly falling. The first time I bought BTC it was over $14K. And before I could buy the target coin I wanted my buying power dropped precipitously. Then I bought BTC at $8500 and it dropped again, and I lost more buying power. I did this several times more to pull together my current portfolio. I lost about $1500 just buying the Bitcoin which I never really wanted to own. In retrospect I would have done a lot better if I had saved my USD and bought in a month ago as Bitcoin bottomed out. Oh well...
This last year has been a wild and bumpy ride and extremely educational. I really have no regrets about my front-end losses. My portfolio has since come near even, only in the last few days. Now I'm getting really excited.
One thing I really do like about this market is how incredibly cheap it is to trade, as compared to the stock market. This AM I bought about $500 worth of XLM and the total fees were 46 cents. The same size purchase of stock would have cost me at least $7.
Looks like the market is full rebound mode. Crypto trades 24/7 around the world. But the major action is always during a daytime market session somewhere. This recent drop in BTC apparently started in the European market, and now recovering in the US Market session. The asian markets open in about 4 hours. I think we're going to see an accelerated recovery toward eventing. JMHO
And Thankfully, today was a great buying opportunity for yours truely...
Good Luck!
