The co-founder of the crypto derivatives exchange Hxro said he was accumulating some crypto assets during a market downturn.
Discuss in one Video Delta-Fi newbie Rob Levy says he doesn’t care too much about pinpointing the bottom of the correction.
As the market looks for direction, Levy said it was accumulating Bitcoin, Ethereum, the Solana (SOL) smart contract platform and FTX Token (FTT), the native token of the FTX crypto exchange.
“I want to own things that work best. And I’ll keep buying more of them …
Happy to buy more Bitcoin for $ 45,000 … It’s a long game for me. The market is still the place where a lot of people congregate … I’ll add my key positions including Bitcoin Ethereum, Solana, FTT. “
Levy said FTT might scare some people because even after its sharp decline, its price is still 20 times higher than it was during the last bear market.
“Let’s talk about FTT. Assuming it is trading at USD 27, it is still 20 times more than what you bought in the bear market. However, the number of users and the trading volume of the FTX exchange have skyrocketed. They burned more coins. This makes me feel safe to keep it. “
He also warned that Bitcoin and the market as a whole could fall even further.
“Bitcoin could easily fall back to $ 20,000. However, this won’t harm you unless you have to sell for liquidity.
A bitcoin is a bitcoin. If you think it will be even higher in the future and you don’t have to sell it, that’s not a problem. “
SN_Nour
According to Dailyhodl
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