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.
Comments
Post a Comment