Hello!
When I read Crypto related articles is it hard to find anything that doesn't shill Bitcoin and the next Bull run. The internet is full of MOONboy-articles. When I stop in front of a Bearish article it is usually full of shit, a lot of nonsense that just wants spread FUD over the space.
But this time I found an GOOD BEARISH article, with a lot of information that is not biased, well written and with some charts. I love to look at charts! 😊
The article is written by CryptoWhale and it is published in Medium. You can read the full article here, and I recommend you to do so.
To summarize he explains why the Bitcoin price will correct hard:
- A lot of Tether has been minted and pushed the Bitcoin price UP.
- In 2020 we’ve witnessed with largest increase in Quantitative Easing in history.
- Just last year, we had a bull rally that was almost identical to the rally we’re seeing this year.
- We’re seeing Extreme FOMO right now, and Greed is always followed by fear.
Some of the information written on the article is really interesting, and I think it is worth considering. I like to read articles in both BULL/BEARISH sides of the market.
I will personally stick to my plan, keep investing regularly and Dollar Cost Averaging.
Enjoy! 😊
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The simple to rule to remember, what explodes, expect always a small wave on the downtrend. :)
100%
Dollar cost averaging is the best way. Getting into extremes will hurt at some point. Maybe BTC will correct hard at some point, but if it is to get to $100,000 for the next peak there won't be too many corrections left.
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I think that next peak can get to more than 100k :D
This will be a wild ride!
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We will see that. I won't mind to see BTC at over 100,000
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I support that view. I think TETHER is exactly the contrary of Crypto since it does not seem backed with FIAT.
I like pegged coins but I am really fearful of USDT...
I could blow the space in one day.
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Great article. If he would post on leofinance I could give him 16 leo upvote instead of 50 claps. Now you'll get them.
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That's exactly what I did!
Khal also wrote a direct message to him, we'll see if he takes the opportunity!
Thanks for the support!
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man I don't know about investing in bitcoin because it's expensive for me to buy but I do buy cheap crypto-like IOST or like leo and hive token
i also think that small crypto give more profit then the big one
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When the next bull run comes maybe the small altcoins can outperfom Bitcoin.
These days all the altcoins are bleeding, I hope this stops soon.
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yeah hope so I lose quite a lots because of it
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