Why is it ideal to accumulate Bitcoin, Ethereum, Cardano right now

As inflation is declining in the US, investor Ben Armstrong recently He suggested spectators to prepare for a bear market, stating,

“During the bear market for cryptocurrencies, things will look bleak. Scary. But it will be nothing compared to the stock market. That is going to be a bloodbath. “

The crypto commentator said That deflation can reduce the value of BTC and altcoins by up to 80% of their ATH. However, he prescribed, hoarding crypto was the way to go. In the last six months, as inflation was at the uploadIn the US, several investors stuck to cryptocurrencies as a hedge against rising prices. With a deflationary trend expected by the end of the year, the commentator suggested not giving in to the FUD.

Historically, inflation has hurt the stock market as it discourages overall investment in the economy. However, according to Armstrong, most cryptocurrency bear markets last 2-3 years, as does the deflationary market. Therefore, he advised,

“Make sure you accumulate Bitcoin, Ethereum, Cardano, and 20 other major currencies during this time.”

Against this backdrop, he said investors can make a profit after bulls return to half BTC after 2024. Following similar sentiment, crypto influencer Mr. Whale also seemed to suggest that bull market gains increase with time.

Similarly, according to CryptoQuant analysis, it is the perfect time to load BTC when people are “in disbelief”. It is popularly called the “to buy-the immersion ” strategy, something that the Salvadoran President had also adopted, during the price drop in early September. However, some experts also took an alternative view, calling it a social media frenzy to drive up the price.

Crypto exchange WazirX’s Siddharth Menon opined that a much lower percentage of investors actually buy the dip. He said,

“Most of us wait for the bottom to buy and the top to sell. Actually, that is an impossible task. Staying invested in the markets has always been more rewarding than timing the market. “

This is a machine translation of our English version.

The post Why is it ideal to accumulate Bitcoin, Ethereum, Cardano right now appeared first on Archyde.



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