Crypto Market Update - January 27, 2022
Bad time to get out, great time to get in
When bitcoin’s price fell below $40,000, a lot people panic-sold. We had a liquidation event. Stop-losses probably made it worse. It was a punch to the gut.
Nice to see bitcoin’s price up 13% since then. Too early to say whether that’s the start of a new uptrend or a dead-cat bounce / relief rally that will end with another leg down.
A lot of people in …