BTC painted a double top on the monthly chart. The liquidity is so high that it takes billions and billions of dollars to move the price up by a significant amount. Greyscale BTC trading at negative values. Why pay a premium price when you can buy it at a discount? The USD index is on a bull run. Delusions of grandeur and euphoria exists in the minds of BTC holders.
Prepare for 13 months of anguish as the price gets raped.
Where should you put your money in the meantime? Well, it doesn't make much sense to convert into USD and store in your bank account because you are only creating a major taxable event for yourself. And, why should you hold a hyperinflated currency which is being devalued by The Federal Reserve on a regular basis?
The wise will bring their money to HEX which is on sale for 69% below all time high. Sell one asset at the peak and buy the other asset at a price floor. HEX has insanely high trustless yield (around 38%) for long term stakers.
HEX also went up almost 10,000 times in value in less than two years. Bring your money where it will be treated well during this long bear market. Otherwise, get ready for a repeat of 2017 market crash. Your choice.
Prepare for 13 months of anguish as the price gets raped.
Where should you put your money in the meantime? Well, it doesn't make much sense to convert into USD and store in your bank account because you are only creating a major taxable event for yourself. And, why should you hold a hyperinflated currency which is being devalued by The Federal Reserve on a regular basis?
The wise will bring their money to HEX which is on sale for 69% below all time high. Sell one asset at the peak and buy the other asset at a price floor. HEX has insanely high trustless yield (around 38%) for long term stakers.
HEX also went up almost 10,000 times in value in less than two years. Bring your money where it will be treated well during this long bear market. Otherwise, get ready for a repeat of 2017 market crash. Your choice.