It's not as easy as that, crypto winter might take another year, 2023, so it's going to be very hard and cold for us. And we don't need to listen to Elon or any other so called prediction, you can just look at the 4 year cycle and knows when is the next bull run (right after the bitcoin block halving).
And now that we know that, are you still willing to wait that long, or get out right now and come back later?
For some of us, who have been hear during the last bear market and passed the test, it's better to stay and then accumulate as much bitcoin and any other crypto for that matter.
And now that we know that, are you still willing to wait that long, or get out right now and come back later?
For some of us, who have been hear during the last bear market and passed the test, it's better to stay and then accumulate as much bitcoin and any other crypto for that matter.
Many experts are saying there will be a severe recession by 2023, so it's very unlikely BTC's price will go to the moon by then. I'd expect further pressure into market prices, until the next halving event (which is scheduled to take place on March 2024). I'm in no hurry to see BTC reaching a new ATH soon, especially when there are other important things to focus on (inflation, geopolitical uncertainty, etc).
All in all, I'd say this is the perfect opportunity to buy coins at a huge discount. If you have spare cash lying around, I'd suggest you go all into Bitcoin to obtain great results in the future. Can you imagine if BTC finally hits $100k? If you held onto your coins today, you'd cash out big time by the time it gets there. Just don't follow the "FUD" and there should be nothing stopping you from becoming filthy rich. Who knows if you become the next Bitcoin millionaire? Just my thoughts
