Potentially Mid-cycle Correction!
If you were to look at Bitcoin as if it's in a mid-cycle bull run, you could draw similarities to 2020.
Although the 2020 crash was pandemic-induced, creating mass fear and causing a harsh sell-off of around 70%, this current dip is around 30%. The market is substantially different now compared to what it was then.
The media is spreading fear of a recession. While it is possible we may fall into one, I am willing to take the risk.
Personally, I'm not buying Bitcoin; it just determines the future of altcoins. As we saw, Bitcoin was hitting all-time highs not too long ago, and now altcoins are hitting all-time lows, which we've never seen before in history.
Statistically, the best chances of success are to buy when coins are at all-time lows, as markets are always due for a flip. With patience and luck, I see this as a fitting time to buy altcoins.
This is just a different outlook; I could be completely wrong.
Although the 2020 crash was pandemic-induced, creating mass fear and causing a harsh sell-off of around 70%, this current dip is around 30%. The market is substantially different now compared to what it was then.
The media is spreading fear of a recession. While it is possible we may fall into one, I am willing to take the risk.
Personally, I'm not buying Bitcoin; it just determines the future of altcoins. As we saw, Bitcoin was hitting all-time highs not too long ago, and now altcoins are hitting all-time lows, which we've never seen before in history.
Statistically, the best chances of success are to buy when coins are at all-time lows, as markets are always due for a flip. With patience and luck, I see this as a fitting time to buy altcoins.
This is just a different outlook; I could be completely wrong.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.