Back when we hit those peak prices I kept seeing posts about hitting $200k before the year ended, now everyone's switched to doom and gloom saying we're headed for a brutal 12 months ahead. Truth is nobody on this sub has a clue what's coming in the next few months. Best thing to do is chill out and keep holding your stack.
Short term predictions are basically useless
byu/East-Idea4180 inBitcoin
Posted by East-Idea4180
4 Comments
Totally agree with “keep holding your stack.” But also DCA if you have the income to spare. We don’t know what’s next and very few will be able to time the exact bottom, but $68k should look very good in a few years from now
Couldn’t agree more, also feel like the risk/reward is insanely high right now. It could drop another 10-20%, which would surprise me, but it could easily double or even triple in a year or two. Where else can you find that favorable of an investment?
When it goes up 5% people will say it’s going up 50%. Same thing when it goes down.
Short term is noise. TA is bullshit.
Actually, the trend has been tracking remarkably close to the four-year cycle chart. It’s not that hard to follow at all:
[https://charts.bitbo.io/cycle-repeat/](https://charts.bitbo.io/cycle-repeat/)