Typing on phone so bear with me here
Fundamental things to consider. Usually, if the media is hyping BTC in any direction, the opposite is likely to happen. Two years ago, we had crypto commercials during the Super Bowl. People who have never heard about it were talking about at Christmas. News outlets were buzzing about it, then the next thing you know, interest rates get raised for the first time in a while, and bear market begins.
Which leads to the next point, watch what interest rates do. The Fed is talking about cutting interest rates around middle of 2024, which usually means more money will start flowing into risk on assets such as crypto. However, the Fed purely saying this is their plan is often enough to move markets and them verbally saying it is usually their plan to help move markets in a direction they want it to go.
Past patterns and performance does not equal future performance, but it usually rhymes. In 2019/2020, BTC pumped from $3k to $14k and the buzz was back on. then right before the halving, covid started, uncertainty hit, and there was a quick and sharp drop to a .886 fib line to the $4k mark, then the bull cycle began.
Which leads me to the next point, this drop OP anticipates will likely take a black swan event orchestrated by the powers at be, usually which a goal of creating a sharp correction in the markets for them to take profits at the top, and re-buy at the bottom, leading into the bull cycle. If it's like 2020, this dip will be a wick and be very short lived. However, the powers at be had many months to buy at around $16k, so maybe they're happy with what they bought, maybe not, pay attention to black swan events and fear sentiment. That's usually a good time to buy. Recent black swan events that occurred during this bear recent bear cycle was the collapse of FTX and the collapse of Terra Luna. This isn't the place to describe these events, but I encourage you to research them.
We'll see if we hit a recession. Bitcoin was created after the 2008 recession, but has never lived in a recession and nobody can fully predict how BTC will react. Will inflation come roaring back and people turn to BTC (as it was designed), or will people be so strapped for money that any sort of risk on asset is simply not a possibility?
Halving should be happening around April of 2024. Every halvening has led to a bull cycle. This doesn't mean it will happen this time, but it's note worthy. Inflation and recession will play a big role and creates a bit of mystery.
The market is designed for retail to lose as much money as possible by trying to shake you out. If a bigger dip is to happen, first there is most likely to be a small dip towards $35k, a rally up to $50k, then met the bigger dip begin. The market is designed to mess with your emotions and shake you out in a way to lose. Remember this and don't act on your emotions.
I'll end with this. If you plan to buy during a potential next dip, prepare now. Learn to use exchanges now and don't wait until just before you plan to buy to learn. Go buy $10 worth now as a test and form a game plan. And also, not your keys, not your crypto. Don't keep your crypto on exchanges long term. People lost a shit ton of money when FTX collapsed, don't let that happen to you. Research cold storage like Ledger and Trezor. Write down your keys in 2 or 3 places and learn to transfer to and from it. Learn to dollar cost average. Don't time a bottom on the dip. On the way down, use X amount of your arsenal every week to buy. You'll never time it perfectly waiting for $15k or $10k so don't try or you'll miss your target entry and kick yourself. Dollar cost average. Look this up if you don't know what it means. This dip may or may not happen so if it doesn't happen, don't be surprised. But if it does happen, be prepared. When there is fear, buy. When there is hype and euphoria, sell. Good luck, stay safe, don't lose your life savings on this, and expect the unexpected.
Typing on phone so bear with me here
Fundamental things to consider. Usually, if the media is hyping BTC in any direction, the opposite is likely to happen. Two years ago, we had crypto commercials during the Super Bowl. People who have never heard about it were talking about at Christmas. News outlets were buzzing about it, then the next thing you know, interest rates get raised for the first time in a while, and bear market begins.
Which leads to the next point, watch what interest rates do. The Fed is talking about cutting interest rates around middle of 2024, which usually means more money will start flowing into risk on assets such as crypto. However, the Fed purely saying this is their plan is often enough to move markets and them verbally saying it is usually their plan to help move markets in a direction they want it to go.
Past patterns and performance does not equal future performance, but it usually rhymes. In 2019/2020, BTC pumped from $3k to $14k and the buzz was back on. then right before the halving, covid started, uncertainty hit, and there was a quick and sharp drop to a .886 fib line to the $4k mark, then the bull cycle began.
Which leads me to the next point, this drop OP anticipates will likely take a black swan event orchestrated by the powers at be, usually which a goal of creating a sharp correction in the markets for them to take profits at the top, and re-buy at the bottom, leading into the bull cycle. If it's like 2020, this dip will be a wick and be very short lived. However, the powers at be had many months to buy at around $16k, so maybe they're happy with what they bought, maybe not, pay attention to black swan events and fear sentiment. That's usually a good time to buy. Recent black swan events that occurred during this bear recent bear cycle was the collapse of FTX and the collapse of Terra Luna. This isn't the place to describe these events, but I encourage you to research them.
We'll see if we hit a recession. Bitcoin was created after the 2008 recession, but has never lived in a recession and nobody can fully predict how BTC will react. Will inflation come roaring back and people turn to BTC (as it was designed), or will people be so strapped for money that any sort of risk on asset is simply not a possibility?
Halving should be happening around April of 2024. Every halvening has led to a bull cycle. This doesn't mean it will happen this time, but it's note worthy. Inflation and recession will play a big role and creates a bit of mystery.
I'll end with this. If you plan to buy during a potential next dip, prepare now. Learn to use exchanges now and don't wait until just before you plan to buy to learn. Go buy $10 worth now as a test and form a game plan. And also, not your keys, not your crypto. Don't keep your crypto on exchanges long term. People lost a shit ton of money when FTX collapsed, don't let that happen to you. Research cold storage like Ledger and Trezor. Write down your keys in 2 or 3 places and learn to transfer to and from it. Learn to dollar cost average. Don't time a bottom on the dip. On the way down, use X amount of your arsenal every week to buy. You'll never time it perfectly waiting for $15k or $10k so don't try or you'll miss your target entry and kick yourself. Dollar cost average. Look this up if you don't know what it means. This dip may or may not happen so if it doesn't happen, don't be surprised. But if it does happen, be prepared. When there is fear, buy. When there is hype and euphoria, sell. Good luck, stay safe, don't lose your life savings on this, and expect the unexpected.
Typing on phone so bare with me here
Fundamental things to consider. Usually, if the media is hyping BTC in any direction, the opposite is likely to happen. Two years ago, we had crypto commercials during the Super Bowl. People who have never heard about it were talking about at Christmas. News outlets were buzzing about it, then the next thing you know, interest rates get raised for the first time in a while, and bear market begins.
Which leads to the next point, watch what interest rates do. The Fed is talking about cutting interest rates around middle of 2024, which usually means more money will start flowing into risk on assets such as crypto. However, the Fed purely saying this is their plan is often enough to move markets and them verbally saying it is usually their plan to help move markets in a direction they want it to go.
Past patterns and performance does not equal future performance, but it usually rhymes. In 2019/2020, BTC pumped from $3k to $14k and the buzz was back on. then right before the halving, covid started, uncertainty hit, and there was a quick and sharp drop to a .886 fib line to the $4k mark, then the bull cycle began.
Which leads me to the next point, this drop OP anticipates will likely take a black swan event orchestrated by the powers at be, usually which a goal of creating a sharp correction in the markets for them to take profits at the top, and re-buy at the bottom, leading into the bull cycle. If it's like 2020, this dip will be a wick and be very short lived. However, the powers at be at many months to buy at around $16k, so maybe they're happy with what they bought, maybe not, pay attention to black swan events and fear sentiment. That's usually a good time to buy. Recent black swan events that occurred during this bear recent bear cycle was the collapse of FTX and the collapse of Terra Luna. This isn't the place to describe these events, but I encourage you to research them.
We'll see if we hit a recession. Bitcoin was created after the 2008 recession, but has never lived in a recession and nobody can fully predict how BTC will react. Will inflation come roaring back and people turn to BTC (as it was designed), or will people be so strapped for money that any sort of risk on asset is simply not a possibility?
Halving should be happening around April of 2024. Every halvening has led to a bull cycle. This doesn't mean it will happen this time, but it's note worthy. Inflation and recession will play a big role and creates a bit of mystery.
I'll end with this. If you plan to buy during a potential next dip, prepare now. Learn to use exchanges now and don't wait until just before you plan to buy to learn. Go buy $10 worth now as a test and form a game plan. And also, not your keys, not your crypto. Don't keep your crypto on exchanges long term. People lost a shit ton of money when FTX collapsed, don't let that happen to you. Research cold storage like Ledger and Trezor. Write down your keys in 2 or 3 places and learn to transfer to and from it. Learn to dollar cost average. Don't time a bottom on the dip. On the way down, use X amount of your arsenal every week to buy. You'll never time it perfectly waiting for $15k or $10k so don't try or you'll miss your target entry and kick yourself. Dollar cost average. Look this up if you don't know what it means. This dip may or may not happen so if it doesn't happen, don't be surprised. But if it does happen, be prepared. When there is fear, buy. When there is hype and euphoria, sell. Good luck, stay safe, don't lose your life savings on this, and expect the unexpected.
Typing on phone so bare with me here
Fundamental things to consider. Usually, if the media is hyping BTC in any direction, the opposite is likely to happen. Two years ago, we had crypto commercials during the Super Bowl. People who have never heard about it were talking about at Christmas. News outlets were buzzing about it, then the next thing you know, interest rates get raised for the first time in a while, and bear market begins.
Which leads to the next point, watch what interest rates do. The Fed is talking about cutting interest rates around middle of 2024, which usually means more money will start flowing into risk on assets such as crypto. However, the Fed purely saying this is their plan is often enough to move markets and them verbally saying it is usually their plan to help move markets in a direction they want it to go.
Past patterns and performance does not equal future performance, but it usually rhymes. In 2019/2020, BTC pumped from $3k to $14k and the buzz was back on. then right before the halving, covid started, uncertainty hit, and there was a quick and sharp drop to a .886 fib line to the $4k mark, then the bull cycle began.
Which leads me to the next point, this drop OP anticipates will likely take a black swan event orchestrated by the powers at be, usually which a goal of creating a sharp correction in the markets for them to take profits at the top, and re-buy at the bottom, leading into the bull cycle. If it's like 2020, this dip will be a wick and be very short lived. However, the powers at be at many months to buy at around $16k, so maybe they're happy with what they bought, maybe not, pay attention to black swan events and fear sentiment. That's usually a good time to buy. Recent black swan events that occurred during this bear recent bear cycle was the collapse of FTX and the collapse of Terra Luna. This isn't the place to describe these events, but I encourage you to research them.
We'll see if we hit a recession. Bitcoin was created after the 2008 recession, but has never lived in a recession and nobody can fully predict how BTC will react. Will inflation come roaring back and people turn to BTC (as it was designed), or will people be so strapped for money that any sort of risk on asset is simply not a possibility?
I'll end with this. If you plan to buy during a potential next dip, prepare now. Learn to use exchanges now and don't wait until just before you plan to buy to learn. Go buy $10 worth now as a test and form a game plan. And also, not your keys, not your crypto. Don't keep your crypto on exchanges long term. People lost a shit ton of money when FTX collapsed, don't let that happen to you. Research cold storage like Ledger and Trezor. Write down your keys in 2 or 3 places and learn to transfer to and from it. Learn to dollar cost average. Don't time a bottom on the dip. On the way down, use X amount of your arsenal every week to buy. You'll never time it perfectly waiting for $15k or $10k so don't try or you'll miss your target entry and kick yourself. Dollar cost average. Look this up if you don't know what it means. This dip may or may not happen so if it doesn't happen, don't be surprised. But if it does happen, be prepared. When there is fear, buy. When there is hype and euphoria, sell. Good luck, stay safe, don't lose your life savings on this, and expect the unexpected.
Typing on phoke so bare with me here
Fundamental things to consider. Usually, if the media is hyping BTC in any direction, the opposite is likely to happen. Two years ago, we had crypto commercials during the Super Bowl. People who have never heard about it were talking about at Christmas. News outlets were buzzing about it, then the next thing you know, interest rates get raised for the first time in a while, and bear market begins.
Which leads to the next point, watch what interest rates do. The Fed is talking about cutting interest rates around middle of 2024, which usually means more money will start flowing into risk on assets such as crypto. However, the Fed purely saying this is their plan is often enough to move markets and them verbally saying it is usually their plan to help move markets in a direction they want it to go.
Past patterns and performance does not equal future performance, but it usually rhymes. In 2019/2020, BTC pumped from $3k to $14k and the buzz was back on. then right before the halving, covid started, uncertainty hit, and there was a quick and sharp drop to a .886 fib line to the $4k mark, then the bull cycle began.
Which leads me to the next point, this drop OP anticipates will likely take a black swan event orchestrated by the powers at be, usually which a goal of creating a sharp correction in the markets for them to take profits at the top, and re-buy at the bottom, leading into the bull cycle. If it's like 2020, this dip will be a wick and be very short lived. However, the powers at be at many months to buy at around $16k, so maybe they're happy with what they bought, maybe not, pay attention to black swan events and fear sentiment. That's usually a good time to buy. Recent black swan events that occurred during this bear recent bear cycle was the collapse of FTX and the collapse of Terra Luna. This isn't the place to describe these events, but I encourage you to research them.
We'll see if we hit a recession. Bitcoin was created after the 2008 recession, but has never lived in a recession and nobody can fully predict how BTC will react. Will inflation come roaring back and people turn to BTC (as it was designed), or will people be so strapped for money that any sort of risk on asset is simply not a possibility?
I'll end with this. If you plan to buy during a potential next dip, prepare now. Learn to use exchanges now and don't wait until just before you plan to buy to learn. Go buy $10 worth now as a test and form a game plan. And also, not your keys, not your crypto. Don't keep your crypto on exchanges long term. People lost a shit ton of money when FTX collapsed, don't let that happen to you. Research cold storage like Ledger and Trezor. Write down your keys in 2 or 3 places and learn to transfer to and from it. Learn to dollar cost average. Don't time a bottom on the dip. On the way down, use X amount of your arsenal every week to buy. You'll never time it perfectly waiting for $15k or $10k so don't try or you'll miss your target entry and kick yourself. Dollar cost average. Look this up if you don't know what it means. This dip may or may not happen so if it doesn't happen, don't be surprised. But if it does happen, be prepared. When there is fear, buy. When there is hype and euphoria, sell. Good luck, stay safe, don't lose your life savings on this, and expect the unexpected.