• Hello, please take a minute to check out our awesome content, contributed by the wonderful members of our community. We hope you'll add your own thoughts and opinions by making a free account!

Misc Crypto trading

I guarantee once the US economy puts bitcoin to its original test, we will see if it becomes just another unstable stock or hold to what people believe to be a stable financial pool. If bitcoin fails the test, crypto as a whole will become just another stock, and with bitcoin's immense energy use, it'll become a negative one that will quickly pop and become worthless. Only those that have some form of technology behind them just like a stock has a company behind it, would survive.
 
I suspended DCA BTC/ETH purchases in mid-Feb at $51K. Now, with Fear & Greed Index of 81 (and much higher recently, near 90), I'm accumulating cash awaiting a drop prior to the mid-April halving. I anticipate Bitcoin miners will dump as much Bitcoin as possible prior to the halving, increasing sell pressures. I would be a buyer at < $50K. After halving, expecting significant Bitcoin volatility.
 
You must log in or register to reply here.
Back
Top