I DO NOT CONSIDER BUYING CRYPTO NOW

in #nobuy3 years ago

Some people are seeing this incremental situation, Yes bullish market on crypto.

But it is not that good idea to get involved in this rocketing side.
If you are taking advantage of technical analysis, yes you could get some portion of gains and earnings a little bit for a while - very short term

BUT DO YOU REALLY TRUST THAT MACRO Situation going forward to increasing wealth and clearing inflation problem with interest hike season?

FED FUND RATE goes up then you have to short right?

BUT PWM.COM always says that it is not a good idea to hold all over the period not considering downside situation like plummeting and crashing down, dip dip dip and dip down down.

So
We have to get an opportunity to buy the dip when the price like bitcoin and lite, Ethereum so on so on so on goes on 95% discount. WE should. You know what?

Our treasury market has a signal to recession risk (you know the spread between 10 yr and 2 yr treasury)
IF you have any kind of borrowing account, you have to pay your debt and de-leveraging please.

Paul Volcker like Jerome Powell will be coming soon.