Jonathan I'm shocked on your behalf and I agree with you that you'll recover. And more than that, you'll 10x your losses. I only lost $9K in my ventures in stablecoin but it stung. Your response to this proves that you'll overcome it. Kudos to you on that and my best to you in your ventures.
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3 Months view:
Scenario 1: If #BTC ETFs are approved, possibly all at once in January for market fairness, the market would respond positively, and this outcome is only partially factored into current prices, leading to a bullish momentum.
Scenario 2: If BTC ETFs are rejected or delayed, there could be a market correction of 20-30%, presenting a significant opportunity to accumulate assets for the long term.
In either Scenario 1 or 2, it appears advisable to stick with Bitcoin in the short term.
Theory:
Higher interest rates can increase borrowing costs for companies, possibly leading to lower profits and stock prices. They can also make bonds more attractive compared to stocks, potentially causing a shift in investments. Increase in Interest Rates = Potential Downturn for the Stock Market.
Drastic lowering of interest rates by the Fed can stimulate economic growth by reducing borrowing costs, potentially boost asset prices like stocks and real estate.
Practice:
1994-2000: Rising interest rates, peaking at 6.5%, the Market went nuts.
2000, Dotcom Bubble: A sudden drop in interest rates followed, and the stock market crashed, losing over 50% of its value.
2008, Financial Crisis: Interest rates hit 0; the market crashed over 50%.
2008-2020: With interest rates at 0 for over five years and then rising, the market experienced a significant surge.
2020, COVID: Interest rates cut to 0, Market crashes 35%.
2021-current: Interest Rates went up heaviliy due to inflation, stock market is almost at the peak. Which event will trigger the FED to reduce the interest Rates drastically and cause a potential market crash of 50%?
By the way, theory usually never matches practice.
What do you think? How will #BTC react to this? @DrProfitCrypto@julianhosp @themarcojo @DaanCrypto@MMCrypto@elonmusk
All you need to know for #FOMC in seven hours
From market side, no rate hikes are expected today, extreme low probability to see a rate hike increase today.
The more important part will be the speak of Jerome Powell, it’s when you can expect volatility
@el_crypto_prof i would love to see #BTC rising from now, but we are in a different cycle. The COVID downturn was an unusual setback during the accumulation phase in 2020. Your analysis points to September 2024! :)
One thing universally acknowledged to be better than money is "health." While money can be used to access medical care, a good quality of life, and other resources, it cannot directly buy good health. Many people who have faced severe health challenges, regardless of their financial status, often remark that they would give away all their wealth to regain their health. #ChatGPT