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Interest rates are still high and FED just keeps rising it. And that's where the real problem is. You should understand that some signals might be good and show that economy is recovering, but while inflation is still higher than needed, FED will keep rising or then holding interest rates. It means that it's NOT over and we might see another huge Bitcoin dump in a near future. It's obvious that some sectors of the economy showing some good results but only because of the LAG EFFECT of the interest rates.
I still think that we won't see real gains until inflation will go down enough and fed will start cutting interest rates. I said it before and I will say it again: I think the best time to buy bitcoin will be after interest rates will go down. It's easily the best signal to buy for me. And it's also the least risky one.
So be careful. If you truly don't know if you should buy or not, do some research and always look at the bigger picture and not some small local signals.
Well, what can I say. Thanks for reminding us I guess.
When Bitcoin's below $20,000, interest rates at that time is at it's peak. Fortunately, I bought a small amount at that time, and didn't do and what you are saying. Now interest rates are still high, Bitcoin's price is still low (for me), why not take the opportunity to buy now, and wait for the Fed to cut interest rates?
I mean sooner or later, Fed will still cut interest rates, so why not make one step ahead of it? You used the word "think" meaning you're not sure as well on what you're saying. Well, I'm 100% sure if I say that it's still a good time to invest into Bitcoin right now. Just buy. Do Dollar-Cost Average, and don't wait for Fed to cut interest rates.
Now with to your opinion, I guess I will not follow what you said.
Respect to you still for sharing your opinion, but I will not follow that one. I still believe in Dollar-Cost Averaging. F*ck the interest rates, but I will still continue to buy, and buy, and buy.
