Post
Topic
Board Speculation
Re: Bitcoin is going down.
by
ancafe
on 12/05/2023, 07:22:22 UTC
So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
Let's do the math, we are currently in Q2 and roughly speaking we are in a correction market given the current state of bitcoin and it should be a good move to collect some bitcoins before heading into Q3 and Q4. Is there another scenario that is better than that?

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.
When have you seen the bitcoin price never goes down and that is how bitcoin travels in the market. Your advice has no basis on which to run, you say it's not the right time to buy bitcoins at the moment and you're trying to advise people to save their money in stablecoins/cash. Are you healthy? The best scenario is to buy bitcoin when the price drops and you choose to hold the stablecoin instead and you also say you will come back to the market when the economy recovers and the crypto market is up again.

It's useless to follow FED and you will lose concentration on investing and until whenever the scenario will never end. When you decide to invest, you don't need to think about many things, including FED news trying to play the interest rate issue, because bitcoin is not affected by one such issue on its way.