Any little excuse is good...
We just got back from our little getaway to Madrid. I turn on the laptop, check tradingview and the first thing I see is this shit...
Any excuse is good for the whales in order to get hold of one more bunch of cheaper BITCOIN... today it seems that the excuse for this drop is that the FED plans to raise rates...
In my opinion, although it is bad news on a global economic level, I believe that this will benefit BTC as a store of value.
Just give it a little more time and you will discover the difference between "Good Money" (aka BITCOIN) and "Bad Money" (FIAT of infinite supply).
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted Using LeoFinance Beta
Unfortunately I did not follow my strategy but as expected. FED became hawkish and Cryptocurrencies and NASDAQ got crushed (risk-on assets).
Let's see where the bleeding stops :D
https://twitter.com/thecryptorunner/status/1478857961363673103
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the fed wants to raise interest rates sooner than expected. Everything falls at the same time
BTC should maintain the 40k while the rest is falling, will see...