Hello!
When I read Crypto related articles is it hard to find anything that doesn't shill Bitcoin and the next Bull run. The internet is full of MOONboy-articles. When I stop in front of a Bearish article it is usually full of shit, a lot of nonsense that just wants spread FUD over the space.
But this time I found an GOOD BEARISH article, with a lot of information that is not biased, well written and with some charts. I love to look at charts! 😊
The article is written by CryptoWhale and it is published in Medium. You can read the full article here, and I recommend you to do so.
To summarize he explains why the Bitcoin price will correct hard:
- A lot of Tether has been minted and pushed the Bitcoin price UP.
- In 2020 we’ve witnessed with largest increase in Quantitative Easing in history.
- Just last year, we had a bull rally that was almost identical to the rally we’re seeing this year.
- We’re seeing Extreme FOMO right now, and Greed is always followed by fear.
Some of the information written on the article is really interesting, and I think it is worth considering. I like to read articles in both BULL/BEARISH sides of the market.
I will personally stick to my plan, keep investing regularly and Dollar Cost Averaging.
Enjoy! 😊
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