Hi
Been wondering how to tell we have reached the crypto bottom? have we already bottomed out(I personally don't think so im not sure). If we look at the current world financial system - it looks dire. surely this will all have a impact on people investing in crypto and when funds are short, may even withdraw their investment.
Personally, because of the state of the financial system, I cannot see how crypto can become bullish as long as the world economy doesn't show signs of a recovery . I could be wrong though ?
what are your thoughts on this? Is a further crash on the horizon?
You cannot tell where the bottom is and anyone that tells you they can is lying to you, there are some people which are fortunate enough to catch the bottom but they were lucky and nothing more.
So what to do? Buy bitcoin whenever you feel comfortable doing so, anyone that buys bitcoin right now will obtain huge profits down the line, however it is not going to be easy if you are not completely sure that you can hold your coins during the time it will take bitcoin to enter a new bull market, which is why most people are looking for the bottom as they want to buy just at the lowest price bitcoin will each and then never having to worry about their investment being underwater, but this is simply an unrealistic goal that most traders will never achieve.