Quote from: btc78 on Today at 05:18:03 AM

Quote from: Houdini76 on June 26, 2022, 08:15:37 PM

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?

nothing knows exactly when this happen mate but what we need to do is spot our readiness to buy , because in any form there is no way that we can spot the exact bottom but at least we are ready when the turning happens.

but the only thing that you will be safer is buying bitcoin and not to shitcoins .

Still not considered to be safe because even Bitcoin does still impose risk and we know that crypto investment doesnt really give out guarantees but basing on what the community had been mainly supporting after a decade time then there's no doubt that Bitcoin would be the best choice.

Whenever we do have plans on buying on the bottom then it normal that we should really be that prepared on entering the market even though not on that precise bottom but at least
we are really near on it because knowing the exact price cant really be possible.

There are even talks about 15k price bottom?
https://www.coindesk.com/tv/all-about-bitcoin/apifiny-ceo-dollar15k-a-good-level-for-bitcoin-bottom/