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Good morning, Crypto Explained community! 

So here we are again, another major price dip for Bitcoin and the rest of crypto. Unfortunately, the momentum just wasn't strong enough to get us over 50k after getting stuck in the 47k-48k range. Concerns about the Evergrande crash and the Chinese real estate market have seeped into the the US stock market, and therefore, crypto as well. We are now testing the low 40's for the first time since August.

As always, not to worry! I always view these situations as a great opportunity to buy at lower prices. I also think it's healthy for the price to break after going sideways for a prolonged window, even if it is to the downside. 43k looks to be a support level for now. We will see if that is able to hold for the rest of the week, and we'll be closely following the markets to see if anything changes. 

While this will be the narrative in the short term, I still believe that Q4 will be absolutely explosive for BTC and many alts, and I think those moves are closer than we realize! ETF announcements could be right around the corner, and it is only going to take a few catalysts to get this thing moving and moving fast. I know this isn't easy, but no one ever said it would be, right? The reason that very few people have been able to maximize gains in the crypto space is because they overreact in situations exactly like this. Emotions and investing are usually not a good combo, just always keep that in mind!

Always make your own call and do your own research, but I just wanted to share my thoughts this morning as I saw quite a bit of panic on social media. I'm not even close to panicking, and I hope this helps explain why.

Let's get out there and have an amazing week!

-Max 

Hello, Crypto Explained subscribers! I just wanted to share my thoughts about the price dips of Bitcoin and crypto today, and what I am following for the rest of the weekend.

First of all, I want to say that it is COMPLETELY understandable to feel uneasy! These moments really test our resolve and our belief in cryptocurrency as an investment. This is also why early crypto adopters are triggered by statements like "Wow, you're so lucky!". This is NOT easy, and luck has nothing to do with it. Early investors who made millions had to endure far more volatility than this, and did so by having conviction and patience. 

This is why I always say it is very important not to over-allocate into crypto. It can be very unpredictable and success usually only comes to those with long time horizons. If your crypto portfolio only contains funds that you don't currently need, and you haven't sold, then you are actually not losing any money right now! Long-Term Perspective.

I still do not think that this is the end of the bull run, but I unfortunately do not own a crystal ball, so I could be wrong. Just remind yourself why you got into crypto in the first place. Was it to make a bunch of money this year, or was it because you believed in the core principles and the way it could change the world forever? If this bull run ends early, that does not change the goal of this movement, and there will be more bull runs! 

Once again, I still think we are going to recover from this, but the next month should tell us a lot. This is not financial advice, just encouragement! WE GOT THIS! No one said it was going to be easy, and anyone out there saying "we got lucky" has probably not put in the research.

HODL ON 💪💪💪

-Max