Quote from: piebeyb on October 23, 2022, 03:27:50 PM

Quote from: necudo on October 23, 2022, 11:57:01 AM

So i'm basically just thinking out loud but with inflation going rampant and last 2 years everything went up at least 20% in price and value do you think that 17.5k
(which could be a bottom in current bear cycle) BTC could actually be 13-14K preinflation and 17.5k as of now a bottom adjusted for inflation?

people prefer to wait to buy it under $15k, even though I often say that yesterday's $17.5k was the lowest point of the bitcoin price after a while we always held close to the price of $19k and $20k, do people think rich people and companies that having invested in bitcoin this will let the price drop below it again, that's unlikely, so taking the moment it's right to buy it cheap at the current price before the train goes fast and leaves you

Because of that bitcoin is not the same as fiat so it is not affected by inflation I think a lot of people are waiting for low prices because there is quite high inflation and this is hoping for Bitcoin prices I don't think that will happen even though many say the low point is $15k and it is always waiting for those who want it, so I won't wait for the uncertain but with $19k it's a good point to buy now don't wait for a forecast that may not happen.
Buy it and HOLD it.

Quote from: yudi09 on Today at 04:37:16 AM

When we are in an inflationary situation that causes the economy to be tough and the average price of goods is rising, investing in Bitcoin is the thing to do to maintain the hedge for years.
Don't look at Bitcoin's lows and highs, but focus on value.
Fiat will not guarantee value when the country's economy is struggling.

We have already felt how the price of goods has gone up because the inflation that continues to rise is enough to trigger the war between Russia and Ukraine, according to some sources, resulting in several problems, so it is inevitable that all will feel the same impact, so the value of fiat could be decreased because of the inflation, so it is true that we have to choose Bitcoin as an asset to invest there this will even be my hedge in the future for several years which is expected to be high.