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My Defi Adventure 5: Lessons from recent crypto crash
By Rainbow Coin  •  August 15, 2021
Crypto crash reared its ugly head again from May to July this year, giving recent hodlers jitters and jelly-hands. The sell-off sprees that happened about every weekend, in that period, were as predictable as the weekend markets. And my heart plunged too, every time I checked my massacred portfolio. ETH gas price had a crazy initial surge (as degens rush into action) before plunging to the lows as crypto prices plunged lower by the weeks. Network was clogged. Even Polygon's at some point. Looking at the recent run up in prices and sentiment swing, perhaps we are out of the wood (FUD over? Short winter?). However, I am still not convinced of the $100,000 BTC target price prediction. My humble opinion is that BTC will continue to face resistance in momentous upswing as long as the tug-o-war between policy makers and pro-crypto parties continues. Still, even on slow climb, it could be rewarding for those that
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By Rainbow Coin
I began exploring the financial world in year 2010, hoping to get out of the rat race and be financially independent. 2010 was the aftermath period of the Lehman crisis when a pretty shaken up market was struggling to recover. On hindsight, that was the perfect time to catch multi-bagger stocks should I be a veteran or at least had some basic knowledge of picking up 'gems'. My learning curve was steep then, as I have absolutely no friends or relative who could shed some light on what's investing about.
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