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Federal Reserve Chair Jerome Powell says the central bank will keep raising interest to fight inflation. So forget about the bottom for now.

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by COINS NEWS 150 Views

Jerome Powell just said it. Interest will keep going up without any sign of retraction. If we take the history we all know that every time inflation peaks the markets finds the bottom. You can check the data of previous crashes and make some conclusions. This is not advice, but if you’re in the group that thinks that “history repeats itself” it could be a good idea to wait a few months until the stock market and the crypto market dumps again and find a better enter position. On the other side, I think that is not a bad idea to start a DCA strategy since we are really low in prices right now, specially BTC and ETH. I’m sure they will dump in the future, but maybe not enough to try to time the bottom. Anyways, this year can be a great opportunity to buy if you believe in crypto.

submitted by /u/coiiiii
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