Skip to main content

Best Time To Buy Crypto Is Finally Here

Image
By Ankit Awasthi

 Best Time To Buy Crypto Is Finally Here: On the one hand, the continued decrease in the value of cryptocurrencies has disrupted the sleep of investors, but on the other hand, some individuals view this as a chance to buy cheap and sell high. A significant number of crypto titans have the view that making investments during periods of economic contraction will result in significant profits in the long run. As a result of the downturn that is now occurring in the cryptocurrency market, some investors believe that the present moment is the ideal opportunity to make purchases of digital assets. Raoul Pal, the chief executive officer of Global Macro Investor, made a comment that was quite similar.

In a recent tweet, Raoul Pal made a significant announcement on the dropping cryptocurrency market. In the post, he said that the bottom of the cryptocurrency market, also known as the lowest level of this fall tour, is now very near to being reached. He predicted that during the following five weeks, the market will reach its bottom, which is the lowest point possible. When asked about his intentions, Pal said that he would begin purchasing a significant quantity of cryptocurrency beginning the next week. In light of the current market situation, he said that the downturn that is presently ongoing is an opportunity for investors that is ten times more significant than the slowdown that crypto experienced in 2014.

Pal said the following in a tweet: "Being a macro investor, I anticipate that global assets will rebound in the next 12 to 18 months, which is equivalent to one to one and a half years. Even if the price of commodities may go up over the next one and a half years, he is of the opinion that the Federal Reserve of the United States will lower interest rates.

TRON DAO Withdraw 2.5 Billion TRX From Binance to Re-Peg USDD Stablecoin

The bottom of the market is expected to be reached during the next five weeks, as indicated by Bitcoin's Weekly Relative Strength Index (RSI). The Relative Strength Index (RSI) is now at 31, which is just three points higher than its all-time low. That is to say, the price of Bitcoin is now at its all-time low of 28. If you take a look at this statistic, the bottom point for bitcoin is getting really near.

Find out the main reason behind Cryptocurrencies downfall

Pal has said that in 2014, the market for cryptocurrencies also saw a similar large collapse, but that it recovered and acquired 10 times its value thereafter, and that the same thing is likely to happen this time. He said that cryptocurrency is an investment for the long run. You are not required to treat it like a business in any way.

Labels:
Location: Kanpur, Uttar Pradesh, India

Comments

Post a Comment

Popular posts from this blog

Which Indian state offers the most discount on an electric car purchase?

By Ankit Awasthi
When one considers purchasing an electric car, the term "price" is the first thing that comes to mind as the most significant barrier. Because electric cars (EVs) in India confront various problems relating to pricing as well as infrastructure and technology, individuals are obliged to purchase petrol or diesel-powered automobiles instead. Nevertheless, the efforts of new cars and governments that have emerged over the course of the last few years have helped to grow the EV business. In this section, we shall discuss the efforts that have been taken for EV incentives. When you buy an electric vehicle, you may be eligible for a number of financial incentives offered jointly by the federal government and the states, which will allow you to keep more money in your own pocket. The "Faster Adoption and Manufacturing of Hybrid and Electric Vehicles" (FAME) program was put into effect by the Central Government in 2015. Its purpose was to encourage the production of electri
2 comments
Read more

Investment: Which of the following is preferable, EPF, FD, or PPF?

By Ankit Awasthi
 The employees' provident fund (EPF), the fixed deposit (FD), and the public provident fund are three of the most common types of investments (PPF). It is anticipated that these schemes would result in minimal risk while maintaining consistent returns. The EPF, FD, and PPF are all government-sponsored investment vehicles, which makes them more trustworthy for financial transactions; nevertheless, the returns on these three types of investments vary. Please tell us which of these three opportunities is the best one for making an investment. A rate of interest on the EPF that is 8.1 percent The rate of interest that is charged on PF was lowered at the most recent meeting of epfo. Pf account holders who have money placed during the fiscal year 2021-22 will now get an interest rate of 8.10 percent on such money. When I first opened this account, the interest rate was 8.50 percent; however, it has now dropped to its lowest point in almost a decade. In the previous fiscal year, the EPF r
Post a Comment
Read more

Have You Heard About Twitter's Brand New "Notes" Platform?

By Ankit Awasthi
 Have You Heard About Twitter's Brand New "Notes" Platform? Twitter is mostly credited for popularizing microblogging; the platform's original character restriction of 140, which was eventually increased to 280, was responsible for fostering genuine innovation in users of online platforms. Having said that, it is not always appropriate to confine an idea or concept to a few phrases. In the past, users of Twitter have resorted to threads for building on ideas, which connects a large number of tweets into one continuous narrative. Because the business has revealed that it is working on incorporating full-fledged blogging into its platform, it seems that the days of depending just on threads may be coming to an end. Notes - A brand New Feature Twitter unveiled Notes, a brand new feature that is presently being tested with a small number of authors, hours after whispers of an extension beyond 280 words began to circulate online. Notes is a brand new feature that Twitter i
Post a Comment
Read more

Elon Musk - The man who changed the face of technology and innovation

By Ankit Awasthi
No one has ever heard of the name of Elon Musk, the richest man in the world.  Musk, who owns successful companies like Space-X and Tesla, is now pushing to buy social media site Twitter.  The journey of becoming the richest and most famous person for Musk, who was born in South Africa, has not been easy.  Let's know a few special and fun things about Musk, which make him the most different. Elon Musk was born in South Africa In 1971, Musk was born in the house of Erol and Maye Musk, who live in Pretoria, South Africa, where he spent his childhood.  At the age of 17, Musk moved to Canada and now has citizenship of three countries - South Africa, Canada and the United States.  Elon Musk currently lives in Los Angeles, California.  Let me tell you, musk's big companies also have headquarters in California and the US. I made a video game at the age of 12 Elon Musk created a video game called 'Blaster' at the age of only 12.  He himself wrote computer programming for scienc
Post a Comment
Read more

Enhance Your Productivity Using ChatGPT

By Ankit Awasthi
 Enhance Your Productivity Using ChatGPT: There is little doubt that Artificial Intelligence has altered numerous sectors during the last decade. OpenAI's ChatGPT is one such AI platform that has drastically increased the productivity of engineers. Many robust capabilities offered by ChatGPT simplify the automation of time-consuming processes and the improvement of customer experiences. With ChatGPT, developers can simply automate repetitive tasks and improve the customer experience across several channels. ChatGPT is the answer if you're looking for a straightforward method to automate your procedures or increase your productivity. These are the top 10 productivity-enhancing tools produced by ChatGPT. The ChatGPT Desktop is a flexible productivity application that is compatible with macOS, Linux, and Windows, enabling users to browse ChatGPT and export their discussion history in PNG, PDF, and Markdown formats. With handy shortcut keys and connection with excellent chatbot pr
Post a Comment
Read more