Bitcoins' Upside Potential Explained!
In the past 4 months we've seen Bitcoin go to a low of around $17,500. When you hear analysis from Bloomberg you're mostly hearing about how there's no stock market bottom in. The Bitcoin bottom was most likely $17,500. We've seen localized support as at $18200 a few weeks after that want to drop back down from its local highs.
With this knowledge you're able to make an assessment of how the cryptocurrency market does not just drop and fall all at once. There is upside potential to everything it just depends on how much upside potential there really is involved.
Jeremy Siegel the finance professor from Wharton School of Business said that there is a lot of value to be had even in the current bear market we are having. He goes on to say that you should be buying now if you're a long-term investor because these prices will suit you for the long term.
Now as an example I would like to point you to Google where you can type in the search rainbow Bitcoin chart. You'll see that the current prices are in the blue category which means "fire sale'. Has anything in blue under green is basically very good numbers to buy Bitcoin at.
So my whole thought is that if you're a long-term investor you may have missed the bottom at 17,500 and then at 18,200. At this time I am still looking for a long opportunity and anything at this price right now is $19,400 I would love to buy. Then the voice creeps up in my head that we can always swing to a newer low and L's can go on forever. So I have to be careful for myself and I tell others this is definitely a risk-off market so please take care of your market capital.
The CIO of CITRS "Ailman" in fact when against what Jeremy Siegel said and he said that he doesn't see much value in this market and that you should be careful and take on credit projects because at least those will be paid back. He said it's about saving to keep your money making money in an environment like this.
We've also heard from another analyst on Bloomberg who said cash is not King and never will be even with the dxy still quite high and growing further.
In the end we are waiting for the FED to pivot off their highs related to exhausting inflation. That is when we will get the Best buy for our dollar so I would say definitely do your dollar cost averaging. But anything under $18, 800 is a definite buy.
With ethereum I would buy at $1210, maybe even $1000. I believe you could even start buying ethereum at $1290 and buy down to $1000.
That is one way to make very good profits within the next 5 years.
With McDonald's just now accepting Bitcoin and tether things are looking up even if the world is not yet and we have to have thanks for that and be grateful.
Please like this and follow for more.
With this knowledge you're able to make an assessment of how the cryptocurrency market does not just drop and fall all at once. There is upside potential to everything it just depends on how much upside potential there really is involved.
Jeremy Siegel the finance professor from Wharton School of Business said that there is a lot of value to be had even in the current bear market we are having. He goes on to say that you should be buying now if you're a long-term investor because these prices will suit you for the long term.
Now as an example I would like to point you to Google where you can type in the search rainbow Bitcoin chart. You'll see that the current prices are in the blue category which means "fire sale'. Has anything in blue under green is basically very good numbers to buy Bitcoin at.
So my whole thought is that if you're a long-term investor you may have missed the bottom at 17,500 and then at 18,200. At this time I am still looking for a long opportunity and anything at this price right now is $19,400 I would love to buy. Then the voice creeps up in my head that we can always swing to a newer low and L's can go on forever. So I have to be careful for myself and I tell others this is definitely a risk-off market so please take care of your market capital.
The CIO of CITRS "Ailman" in fact when against what Jeremy Siegel said and he said that he doesn't see much value in this market and that you should be careful and take on credit projects because at least those will be paid back. He said it's about saving to keep your money making money in an environment like this.
We've also heard from another analyst on Bloomberg who said cash is not King and never will be even with the dxy still quite high and growing further.
In the end we are waiting for the FED to pivot off their highs related to exhausting inflation. That is when we will get the Best buy for our dollar so I would say definitely do your dollar cost averaging. But anything under $18, 800 is a definite buy.
With ethereum I would buy at $1210, maybe even $1000. I believe you could even start buying ethereum at $1290 and buy down to $1000.
That is one way to make very good profits within the next 5 years.
With McDonald's just now accepting Bitcoin and tether things are looking up even if the world is not yet and we have to have thanks for that and be grateful.
Please like this and follow for more.
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