Friday, May 20, 2022

We're not out of the woods just yet, so maybe only go in shaft deep with crypto purchase

This doesn't apply to you if you're super loaded with cash. You have the freedom to do whatever. But if you're like the average regular investor, like me, then maybe consider stretching our your buys through a longer period of time.

For reference, we'll have another Bitcoin halving in 2024. Yes, we could have smaller rallies leading up to 2024, but it probably won't be mind blowing.

Remember, more events unfolding on the horizon. (not spreading FUD, just throwing a few things out so you can make your own decisions:

  • Monkey flu
  • Interest rates increase
  • World economy problems, China economy going down, affecting importing of goods for the rest of the world
  • Potentially more conflicts in Europe
  • Inflation, causing people to take money out of risky assets
  • etc...

I'm eager to keep buying crypto to add to my bag, but going to do it slowly. My bag will be loaded up bigger as we head towards the next halving.


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