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by BLKNSLVR 599 days ago
Good timing, along with the election. Going by history there's the likelihood of a ~20% dip in the BTC price before it takes a couple of big steps up in the last few months of the bull run part of the 4-year cycle.

If it happens, accumulate.

2 comments

Why would I accumulate something which has so much risk and so much downside when I can just buy tech stocks like TSLA or NVDA which actually go up, with less risk and less volatility? Meta, Nvidia, QQQ have beaten bitcoin for years now. The time to have bought bitcoin was pre-2017 or so. those days over for good. Bitcoin is weak and bloated, never goes up anymore, too many old wallets and whales dumping. Too much regulation.
Depends on your timescale and when to buy and sell.

Depending on the reason, I'd also say it would be worth buying Meta, NVDA, TSLA, etc. on a 20% dip, especially if they were going into a season where, historically, they makes their largest gains.

Don't buy a pizza with it, or help Aunt Mildred with an expense, or loan your brother $4k though, because it's useless for any practical purposes.
I'm aware of these things, but good points to know for the uninitiated.