According to Foresight News, Vida, the founder of Formula News, stated in his personal channel, “The buy the dip operation for Bitcoin a few days ago was not well executed. Looking back, the biggest issue was that a 'condition not met' stop loss should have been set. For example, although the Supertrend support is at $96,000, it becomes invalid when it falls to $92,000, and I need to exit. I also really dislike some media taking things out of context; I said I only spent 0.7% of my net worth to buy the dip, and the profit and loss are insignificant amounts. Over the past two weeks, my net worth has retraced about 1%, with the main losses coming from the 4% crypto allocation and 5% stock allocation that I still hold long-term. I still hold a large amount of cash (89% of my net worth is cash), and when the next buying opportunity arises, I will take action.”
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