Re: Is everyone ready for Bitcoin's NEXT LEG DOWN ??? Federal Reserve Tightening
Who is going to ride the next bitcoin crash down 
The Federal Reserve as vowed to tighten monetary conditions to bring down inflation. This includes bringing down FINANCIAL ASSETS.
The Federal Reserve as vowed to tighten monetary conditions to bring down inflation. This includes bringing down FINANCIAL ASSETS.I rode the wave down from $6K to $3.2K in 2018, as well again from around $8K to $4K, so yes I consider myself ready for another ride
The link between Bitcoin's price and Speculative Nasdaq stocks is undeniable. Once the selling starts again, it is going to cause more people to get out, and turn into a vicious doom loop.
It's undeniable, until it's no longer relevant. I'm also not convinced the stock market is going into another recession multi-year bear market like many doomsday predictions. Yes inflation means the economy isn't growing, nor are the companies in the S&P for company, but it also means fiat currencies are losing 10% value every year if not completely obvious, so long-term this remains bullish.
IF I did own and love Bitcoin I would sell before the crash, and buy in at a much lower price so at the end of the day I had twice as many Bitcoin.
This is what you should of done around $40K to $50K, not around $20K, but each to their own. The reality is many people who think like this are attempting to "revenge trade" their mistakes or buying too high. Others have simply allocated approximately to the current drop in price, with the intent on averaging in lower if another capitulation occurs.
Personally, I think bitcoin is the best way in the world to loose money right now, and I would not hold any.
Thanks for the "Bitcoin is dead" sentiment, it's a useful indicator that the bottom is either already in, or very close, as per usual.