βBitcoin is inevitableβ. Lol Iβm long crypto but youβre clueless. Sure crypto might be the next internet but we can easily have financial winters in coins. Just because the product space is expanding, doesnβt mean coins will keep going up.
Crypto has not been apart of a macro stock bear market or recession. When that happens, Bitcoin and the rest are sure to get absolutely destroyed in a deflationary environment.
It is possible that winter is coming. It usually comes 1.5 years after the halving. But that's not winter, just the usual BTC crash that happens every couple of months. A buy signal will be a months long tail (price stability) after a 80-90% crash.
Just to be clear would you go in after itβs down a month or would you wait for a resurgence / trend reversal? Iβm cash heavy and would be interested in finally getting skin in the game for btc and equities but havenβt wanted to get burned now
Google, it takes more than a month. Crypto winter is long. But even during winter if you dca you will likely have better returns than buying index funds.
^ I can interpret your sentence: I have no clue how much it is worth but I'm am waiting for the next fool to buy it at higher prices. Or maybe you are the last fool.
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Crypto has not been apart of a macro stock bear market or recession. When that happens, Bitcoin and the rest are sure to get absolutely destroyed in a deflationary environment.
It is possible that winter is coming. It usually comes 1.5 years after the halving. But that's not winter, just the usual BTC crash that happens every couple of months.
A buy signal will be a months long tail (price stability) after a 80-90% crash.
But even during winter if you dca you will likely have better returns than buying index funds.
Do some backtrack simulations.