Out of Crypto Until After the Halving

I was enthusiastic about getting into Bitcoin given the possibility (probability?) of crypto prices going up as world governments turn on the money printers. However, people who are more experienced and knowledgeable than me are of the opini...

7 months ago, comments: 1, votes: 5, reward: $0.08

I was enthusiastic about getting into Bitcoin given the possibility (probability?) of crypto prices going up as world governments turn on the money printers. However, people who are more experienced and knowledgeable than me are of the opinion that we are in for another drop after the halving. The reasoning is that the exchanges and big investors are waiting for the halving to bet against retail investors. It's something of a rope-a-dope. There is incentive to force traders to lose bitcoin through margin calls.

In addition, the traditional financial markets aren't that much better off. We have only seen a shock to the system. However, once the true scope of the economic problems become known, we can expect the market to drop more. People still have some money and credit available to get through April. Afterwards, people are going to have to start liquidating to get by.

I was hopeful that we had seen the worst. However, I'm learning that we aren't even close.

This is why I'm waiting until after the bitcoin halving to start buying crypto again. As bitcoin goes up and down, so do the other cryptocurrencies. There may be some bargains to be had. I'll be buying in increments as I am terrible at timing the markets.