Why I'm not scared for bitcoin after a -50% dip.
Even after Bitcoin dropping 50% in less than 3 months, I am very bullish.
This short term price action is 100% market manipulation by whales to grab as much liquidity from others as possible before inevitable run ups.
Bitcoin still has been the best asset class to invest in in the last 10 years, outperforming property, art, vehicles, commodities, currencies and gold etc.
The fundamentals are there - and adoption is only increasing with time. Yes, the technical analysis of bitcoin in the past 3 months looks bearish, but looking at larger quarterly charts I remain bullish.
Therefore, personally I will be accumulating more Bitcoins and DCAing over the next few months. Not expecting a large move up until late Q2-3.
Please note that these are my personal opinions and should not be taken as financial advice. Do let me know your opinions below.
This short term price action is 100% market manipulation by whales to grab as much liquidity from others as possible before inevitable run ups.
Bitcoin still has been the best asset class to invest in in the last 10 years, outperforming property, art, vehicles, commodities, currencies and gold etc.
The fundamentals are there - and adoption is only increasing with time. Yes, the technical analysis of bitcoin in the past 3 months looks bearish, but looking at larger quarterly charts I remain bullish.
Therefore, personally I will be accumulating more Bitcoins and DCAing over the next few months. Not expecting a large move up until late Q2-3.
Please note that these are my personal opinions and should not be taken as financial advice. Do let me know your opinions below.
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