Nothing stops the DCA! I think the constant inflow of money to Bitcoin is a necessity if Bitcoin is to succeed, so while some of us may buy and sell on occasion for personal reasons, we should all be regularly buying (no matter how small) or even mining in order to keep stacking and supporting the cause. Even when selling BTC for a new vehicle, I was buying with the other hand for the regular DCA.
Part of the reason that selling can become confusing if you are still in the process of BTC accumulation has to do with the exact phenomena that you seem to be suggesting, which is buying with one hand and selling with the other.
I am not really against trying to play the waves, but it can start to seem a bit self-defeating when selling and buying at the same time.
Wall street is trying to get Powell's attention to give them 50bp instead of 25 (at the September meeting).
That said, because of his dilly-dallying and messing around too long with the 5.25-5.5% rate, we might have deflation soonish.
New credit cards come with 21.49% interest now (minimal), so people just cannot afford to have a balance anymore, hence they buy LESS.
I am not advocating having a cc balance, but most people have it.
Through my whole life I have never carried any credit card balance, except if there is some kind of a 0% promotional going on, and yeah, the 0% promotionals vary from time to time including whether they have any initial transfer balance fee or other kinds of fees, but they can be pretty good ways for normies to build their credit and even improve their cashflow as long as they don't end up fucking it up.. .. and sure, sometimes the credit cards will trick you into fucking it up.. .. and so likely part of the reason that they continue to offer those kinds of promotionals is a kind of gamble in which even those of us who are experienced in using such credit, might screw up from time time.
Somebody check on Scottie Pippen. Lol
Seriously though. What is this?
I dont know what has made Scottie jump head first into
crypto but I hope hes doing ok financially. I noticed Michael Jordan isnt trying to sell tokenized memorabilia. As crazy as it is, I support this and hope we see more athletes and celebrities turn to straight pumping
crypto. The wild times are coming again.
I don't know anything about Pippen beyond the tweet.. yet from what I see, Pippen did not mention anything about "crypto" so I am not sure where you got the "crypto" bullshit.. Jimbo already said it... hahahahaha
seems like a September as usual... BTC going down
I will give you that we have gone down in the first 3 days of September, yet are you going to write off the whole of September based on the first 3 days? Give Britney a chance.
