DataDrivenInvestor
Oct 8
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In today’s article, I’m going to be discussing why exactly this upcoming crypto bottom is going to be the best buying opportunity currently in the crypto market. This is going to be a very important and helpful article so make sure you stick around to read the whole article to get a good sense of what’s going on in the crypto market so that you can start making money. So if you want to make money make sure not to miss out on this article. If you found the article helpful make sure to let me know and share it with people who would find this helpful. Without any more needing to be said let’s get into today’s article.
One of the biggest factors messing with the cryptocurrency market right now is current macro-economic conditions. As I covered in my last article macro conditions are not looking so good right now. This applies to every country on the globe which is moving the global economy closer to either a global recession or depression with the first being the most likely right now. Every country right now in some way is either having to record high inflation, and mass unemployment especially amongst the youth, or is on the edge of famine due to the Russian-Ukraine war. With economic conditions in the U.S not improving anytime soon the world economy is signaling that it will follow suit with the U.S., This means as of now no retail investors are planning on getting in the market which means fewer whales will buy for now. This means we still have a little bit of room to go down more which would make crypto a discounted asset especially coins like bitcoin and Ethereum.
The second biggest reason why this is the best time to buy crypto and to get into it is that prices might get lower than what has already gone down to this cycle. During this cycle, bitcoin got as low as $18,000 and Ethereum got as low as $1,000. This means it can get as low as $14,000-$16,000. This makes it a great buying opportunity since it’s rare for crypto to get this low. This leads us to our next topic of discussion.
As I explained before crypto hasn’t gotten this low in a long time. Crypto hasn’t been down to levels this low since 2 years ago back in 2020 around this time of the year. So this makes it a very rare opportunity where it could fall to levels not seen before. I plan on buying around these levels but this isn’t financial advice and is just my buys. So now that you know my plans and how the market is likely to turn out prepare yourself for a once-in-a-lifetime money-making opportunity.
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I’m a blogger dedicated to writing about making money and helping others to earn alongside me read my blog to learn about passive income ,finance, and economics
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