A crypto trader explains how he's profiting from the market downturn by buying altcoins at support levels. He cites a past Bitcoin cycle where a 55% drop led to a bull market, and describes turning $10,000 into $120,000 on Shiba Inu using weighted dollar-cost averaging on coins like Zora.
I'm about to make millions of dollars off of this cryptocurrency crash. I'm going to show you exactly how I'm doing it, exact coins I'm going to buy, and exactly where I'm probably going to buy it. So we're currently down about 36%. Don't freak out. I know it seems like the end of the world in the public perception, but they do that on purpose because they want to convince you to not do anything and sell your coins at the exact wrong time in the market. It's called enter liquidity. Exit liquidity is the exact opposite. Enter liquidity is they get you to sell your coins, shake you out of the market, and they can get it for really cheap because we've seen this drop before on a significant level. We've actually seen A 55% drop. This was last Bitcoin cycle, and then we rallied up into a full-on bull market. So this is confirmed happened before in Bitcoin's history. So right now, nothing out of the ordinary. I know it looks like that on social media. Maybe put the phone down for a little bit and pray. It's probably going to help you a little bit more than the people on Twitter. So believe it or not, right now is actually a really good accumulation zone. If you've been in crypto for a while, you know that we are pretty low when it comes to altcoins specifically, and it's not a bad place to accumulate a little bit of crypto. But there's a couple other areas that I wanted to make you aware of. Here's another one here, which is $66,000 BTC. If the market does get that low— and this is Bitcoin's price, by the way— if the market comes that low, it might also be a really good accumulation zone. Here's why. It happens to be that the $66K price level is right here. The exact top of last cycle's Bitcoin's all-time high was this green line. So really, really strong support. Also, another really good accumulation zone is right here, about $55K, maybe $57K BTC price. We could come down that low because look, that's a 55% drop from all-time high. And like I just explained to you, this is not uncommon in crypto. Last bull cycle, this happened. Here's a 55% drop. People that accumulated here make a lot of money. Also, by the way, I don't know if you guys knew this, I actually turned about $10,000 to $120,000 in 24 hours buying Shiba Inu. Around here, so yeah, it is real. Money's to be made, and the only thing that people have an issue with really is strategy. Right now, believe it or not, I'm actually making money, and the reason I am is because as this came down, I started accumulating more and more. So I put the smallest amount here, and as it goes down, I get heavier and heavier. So when we get a small bounce, I make a lot of money. And so I've been accumulating a lot of Zora. I think it's the future. I have so many reasons behind this. I think it's definitely the future, and I've been getting heavier and heavier as the price drops. I sold almost everything over here at 0.1, and then I started entering, and I started getting heavier and heavier. So look at this real quick. This right here brought all of my purchases into profit, just that small jump, and that's called risk management. I don't need the market to go up. I just need really good risk management and really good fundamental analysis of understanding what projects do well because that is relatively stable. Bitcoin's at $80K, all the altcoins are getting wrecked, and Zora's not even doing that bad.
