Source: https://pixabay.com/vectors/bitcoin-logo-currency-money-cash-225080/
Bitcoin right now it at around 30,000 dollars. For some weeks now the overall trend of the market is that it's going down...
The question is if we can track where the bottom is. The answer is no, absolutely not. Many analyst claim that we are in a financial crisis right now but the worst are not here yes.
2023 according to some predictions will be the worst year. Imagine now that if this is true, where the price of the majority of crypto will be?
If somebody don't have money for food or shelter will he or she invest on bitcoin? I am not very optimistic on that.
Is bitcoin a store of value? Yes it is but also it's very volatile also, in a difficult situation the high possibility is that it will plummet like all the other assets.
It's impossible to track the bottom, the only sure method is to accumulate during time and sell when prices are high.
Thank you for reading my post!
