They've been bearish since $69,420. Lately they're saying it's gonna crash with the stock market when the Fed raises interest rates. Truth is, the market follows Bitcoin, and Bitcoin runs on 4-year cycles around the halving events. Buy more while it's on sale, sell on the next high-cycle after 2024, then do it all again.
Yeah this is just bad financial advice. Market existed before Bitcoin, and even then, as a risk asset, it follows other risk assets in the market (correlation). Originally, Bitcoin was touted as not correlated with risk assets or other stocks and instead to be similar to gold. A digital gold, if you will, but that’s not the case since it’s not a hedge against inflation and is correlated with risk assets. Don’t buy Bitcoin, be smart with your money.
Depends on how long one wants to hold it I suppose. The faith in fiat is much more erroneously placed than faith in crypto, which is different from digital currency. Be sure not to confuse the fundamentals.
I have an aunt who said she didn't want to hold Bitcoin because it was used in drugs and trafficking. I asked her how much more dollars were used.
"Jamie Dimon says Bitcoin is a fraud".
They've been bearish since $69,420. Lately they're saying it's gonna crash with the stock market when the Fed raises interest rates. Truth is, the market follows Bitcoin, and Bitcoin runs on 4-year cycles around the halving events. Buy more while it's on sale, sell on the next high-cycle after 2024, then do it all again.
Yeah this is just bad financial advice. Market existed before Bitcoin, and even then, as a risk asset, it follows other risk assets in the market (correlation). Originally, Bitcoin was touted as not correlated with risk assets or other stocks and instead to be similar to gold. A digital gold, if you will, but that’s not the case since it’s not a hedge against inflation and is correlated with risk assets. Don’t buy Bitcoin, be smart with your money.
Fiat inflationary Bitcoin deflationary
Depends on how long one wants to hold it I suppose. The faith in fiat is much more erroneously placed than faith in crypto, which is different from digital currency. Be sure not to confuse the fundamentals.
I have an aunt who said she didn't want to hold Bitcoin because it was used in drugs and trafficking. I asked her how much more dollars were used.