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Dollar Tanking - this is good for BTC medium term! Stay strong everyone, buckle in. Markets are nasty as foretold. (Patreon)

Published:
2021-02-22 18:18:25
Imported:
2022-03

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Anonymous

Hi there, just joined the group. I really don't wanna do the same mistake I did in January where I sold early at the big dip. Although I made good profits, bitcoin has doubled by then. Could we be sure that this isn't the initial drop towards the end of the bull market? Thanks for the content.

Anonymous

Buckling in! Here it comes.

Anonymous

I have been trading GBTC, ETHE and BITW, at this point just cashed out on Friday. Up ! But hypothetical question , would take profits and buy BTC and Ethereum ? I know as you pointed out the fees are high on GBTC, ETHE and BITW. But should I hold for a pull back?

InvestAnswers
>>54176101

Profit taking is a tax mgt issue. But yes I remain Medium term bullish on BTC. It may fall to 48K or even 40K again but medium term trend is up. ETH is getting hammered but the narrative for BTC has not changed. Simply put there is too little supply and far too much demand.

InvestAnswers
>>54175835

Yes I remain Medium term bullish on BTC. It may fall to 48K or even 40K again but medium term trend is up. My BTC cost basis is in 4 digits however. I am not selling. I will not consider selling until we are deep into 6 digits

Anonymous

Thank you for the 2 min. vid.

Anonymous

Is a .6 drop in the above indicator is considered huge ? 90.6 to 90.1 in the above image.

InvestAnswers
>>54185363

Remember this is the world reserve currency. Can you imagine the impact this has on things like oil?