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.
everytime is the right time to buy ,
- the only thing is that can you affort of holding if ever it takes time before gaining richer?
It's also not entirely true to say that every time is the right time to buy bitcoin. You cannot advise someone to buy bitcoin when it hit $69k last year or someone to buy when bitcoin is $100k in the future. You won't lose even if you buy at that price as long as you don't sell it, but it's a bad investment method because it will take you a long time to break even while someone else will make a big profit at the same time. Buying bitcoins requires the right time, and finding that moment depends on each person's skill.
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.
Have a nice day and take care.
lol holding stable coin? that is the stupidest idea i ever heard being posted here in Bitcoin forum.
if this is your logic, then better to get out of here and find your way to banking system lol.
I think what he meant was not to buy at this point and pick a better time to buy. Because everyone has a habit of when the market is volatile or waiting for a good time to buy, their assets will be in the form of stablecoins or cash.