Now there are three questions in America. 1. The sluggish economy 2. High inflation 3. The outbreak of the epidemic.
Dow plunges nearly 900 points on July 19 2021.Bitcoin drops back below $30,000 yesterday.
All are disappointing signs. Many investors plan to sell Bitcoin.Most people lose patienceIn for cryptocurrency.
But In long-term trading, in addition to knowledge, patience is more important than any other factor.How do u think of it?
From the case you mentioned happened in America, then I thought differently. It is precisely when the economy is sluggish, inflation occurs, and disease outbreaks spread, for me it can increase the price of Bitcoin again. My reasoning is that when the velocity of money has decreased, then another option is that people will trade in crypto. It could be a solution.