Do what you think is safe and stable, and don’t regret it, because continuous and stable passive income is the basis for becoming rich. Under totally different macro conditions, you don’t have to be an expert to know and expect that QT/rising rates will further nuke cryptos and make it extremely difficult for it return to ATH.
Cameron Winklevoss Expressed: If you didn’t invest in Bitcoin because you “missed it” at $35k, you’ve just been given another bite at the apple. Don’t make the same mistake twice.
Tyler Winklevoss Expressed: Pro Tip: If you haven’t gotten into bitcoin yet, now’s your chance.
Community Reaction:
The only mistake I made many times was not taking some profits to rebuy after crashes in 2018, 2019 and all the mini crashes in the last year. I would have 20x bigger bag and already been set.
People seem to have forgotten that Bitcoin hit $65k in mid-2021 and went all the way back down to $28k in the summer before coming back above $65k again.
Because the only way to get the price of Bitcoin back up is to attract the next round of greater fools.
That’s how Bitcoin is benevolent. It dips its price 50% now and then to let the slow witted catch up. The orange life raft is big enuf for everybody if they so choose it.
Yes, now is a good opportunity to enter bitcoin if you haven’t done it before, even if it is 28k, it will be even cooler.
Falling knife nobody knows that like the people who bought at 40k remember no more fed free money to prop it up and rising rates. It’s going down to 20k. Markets don’t often give “second” chances. More likely a trap.
This will keep happening till the market mature. If you missed 35K, here is your chance or wait for the next crash which will be always around the corner.
These same people will now move the goalpost and say “waiting for $20k” or some arbitrary number lower than current prices. They’ll never dive in. Then cry later about how they should have.
If any guy can start a cryptocurrency with Catcoin, Dirtcoin, Chumpcoin or whatever and use some simple bump and hypes to attract fools. Why anyone care about the first scam that is still going. In the Gold rush, smart people didn’t buy shovels at one store, and keep digging.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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