04-04-2022, 03:15 AM
Is this a good moment to get in BTC?
<!-- SC_OFF --><div class="md"><p>In terms of what we've observed over the previous six months to a year, it appears that bitcoin is associated with risk assets, notably stocks.</p> <p>When investors see the crypto market rebounding for a few days, they pile back into BTC, ETH and other cryptocurrencies, in my experience. When there are pullbacks, they appear to be hurting bitcoin as well.</p> <p>Regarding bitcoin as an inflation hedge, many of us felt it would be a terrific inflation hedge that would react similarly to gold and be a safe-haven inflation trade, but I believe it is trading more like a Nasdaq 100 stock than an inflation play.</p> <p>In the short term, I believe there will be sideways volatility and range-bound price movement, but in the long run, I still anticipate bitcoin to be in the $100,000 level before it drops to zero. I still believe this is a fantastic moment to get in. So I'm taking all of my USDT, BEAN, and other stablecoins and throwing them all in. Let the fun begin!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/AdCreepy1838"> /u/AdCreepy1838 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tviim2/is_this_a_good_moment_to_get_in_btc/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tviim2/is_this_a_good_moment_to_get_in_btc/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>In terms of what we've observed over the previous six months to a year, it appears that bitcoin is associated with risk assets, notably stocks.</p> <p>When investors see the crypto market rebounding for a few days, they pile back into BTC, ETH and other cryptocurrencies, in my experience. When there are pullbacks, they appear to be hurting bitcoin as well.</p> <p>Regarding bitcoin as an inflation hedge, many of us felt it would be a terrific inflation hedge that would react similarly to gold and be a safe-haven inflation trade, but I believe it is trading more like a Nasdaq 100 stock than an inflation play.</p> <p>In the short term, I believe there will be sideways volatility and range-bound price movement, but in the long run, I still anticipate bitcoin to be in the $100,000 level before it drops to zero. I still believe this is a fantastic moment to get in. So I'm taking all of my USDT, BEAN, and other stablecoins and throwing them all in. Let the fun begin!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/AdCreepy1838"> /u/AdCreepy1838 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tviim2/is_this_a_good_moment_to_get_in_btc/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tviim2/is_this_a_good_moment_to_get_in_btc/">[comments]</a></span>Kind Regards R