Post
Topic
Board Economics
Re: The re-accumulation period is in
by
dothebeats
on 03/10/2019, 14:39:08 UTC
This usually happens when a direct blow to bitcoin's pricing is done-zo. We have seen it a lot of times, and would be for years to come.

1) General public has been demolished and demoralized. Everyone that is still hasn't realized altcoins are dead are about to.

This has been said a lot of times even in 2016 when people thought that altcoins are dead, resurrected with the help of ICOs (short-lived, though), and IEOs, and down again. Anyone who thinks the altcoin market is done for is not really into it, or is just too biased with bitcoin that they're not seeing that there's still money to be made on that facet of the market.

3) Halving comes at the right time

This might be a good thing to consider, given that halving is just a few months away in reality. Perhaps the price could take more beating and see its way down $7000 levels again before igniting and zooming upward when the pre-halving hype kicks in. At this point, I'd say coins in $8000 levels is still a good entry point in preparation for the halving.

4) OTC options like Bakkt are ready for boomers and computer illiterates which want exposure to Bitcoin but have no resources to keep their own

..and for the ultra-rich that doesn't want the bullshit of your regular exchange where the peasants and regulars are.

How much are you buying monthly?

I stopped buying last July 2019 and would like to be in the sidelines for a while. I think I'm okay with what I have right now, with no plans of selling in the immediate future--unless unforeseen circumstances force me to do so.