BTC still on an overall uptrend, regardless of inflation
When in doubt, Zoom Out! Notes on Bitcoin:
-We're still in an overall uptrend, hitting higher-lows.
-Institutional adoption helped carry us to nearly 70k.
-Since COVID, investors continued to pump it and take profits.
-Evergrande will be the deciding factor whether we break below all the support it still has.
-Inflation slowed the growth, trapped us in a channel for the time-being.
-Russia/Ukraine war isn't helping, but it also isn't hurting, even with all the news of disabled/blocked transactions in Russia.
-Alt coins follow BTC, so if an Alt coin is down, it's because BTC is down... but don't dismiss other factors such as bullish/bearish news around the individual alt coins.
-Now, more than ever, is going to be your best opportunity to invest in BTC.
-Even if it dropped another 5k in value, you'd stand to profit in the long run when the markets recover and reverse into another bull run to 100k.
-Keep an eye on the news & current events. Those with deep pockets can still profit off BTC thru day trading, but others should Buy & Hold, and accumulate.
-While hundreds of billions of dollars have come flooding in from institutional investors, there's still an incredibly LARGE portion of the world that has yet to invest.
-If you're still in doubt, Zoom Out, all the way back to 2010, and Replay the daily change from 2010 thru Now. With every crash comes recovery and continued Growth!!
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