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Recession and Inflation Make Bitcoin Continue Targeted

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Suba

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Bitcoin has strengthened greatly since March 2020 from US $ 4882.11 to US $ 12205.28 at the end of July-August 2020.
The impact of the weakening of the US dollar, as a result of the Fed's policy with an inflation target of 2 percent.
The largest inflation in the US throughout 2020 occurred in January 2020, namely 2.5 percent, then gradually decreased to 1 percent in July 2020. However, the latest policy by the Fed recently, with an inflation target of 2 percent can be considered as a reference new for the market to buy more valuable assets such as Bitcoin and Altcoins.

Inflation is closely related to a number of monetary programs by the Fed itself, namely by increasing the money supply in the market through the purchase of bonds, including company shares.

In theory, the more amount of USD in circulation, the impact on the decline of the currency will be, and will cause an increase in price and will also boost the price of cryptocurrency.

For example, Paul Tudor Jones, founder of Tudor Investment Corporation some time ago, decided to buy Bitcoin to maintain its financial value.

I personally agree that the best way to get the perfect return on investing in Bitcoin and Altcoins is through the Dollar Cost Averaging (DCA) strategy. This method can be called a way of saving, which is to routinely make purchases at the same time with the same amount of money, for example every month, regardless of the price of Bitcoin.

This thread is for information and knowledge only, not a recommendation to invest.
 

Niftyyem

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Bitcoin has strengthened greatly since March 2020 from US $ 4882.11 to US $ 12205.28 at the end of July-August 2020.
The impact of the weakening of the US dollar, as a result of the Fed's policy with an inflation target of 2 percent.
The largest inflation in the US throughout 2020 occurred in January 2020, namely 2.5 percent, then gradually decreased to 1 percent in July 2020. However, the latest policy by the Fed recently, with an inflation target of 2 percent can be considered as a reference new for the market to buy more valuable assets such as Bitcoin and Altcoins.

Inflation is closely related to a number of monetary programs by the Fed itself, namely by increasing the money supply in the market through the purchase of bonds, including company shares.

In theory, the more amount of USD in circulation, the impact on the decline of the currency will be, and will cause an increase in price and will also boost the price of cryptocurrency.

For example, Paul Tudor Jones, founder of Tudor Investment Corporation some time ago, decided to buy Bitcoin to maintain its financial value.

I personally agree that the best way to get the perfect return on investing in Bitcoin and Altcoins is through the Dollar Cost Averaging (DCA) strategy. This method can be called a way of saving, which is to routinely make purchases at the same time with the same amount of money, for example every month, regardless of the price of Bitcoin.

This thread is for information and knowledge only, not a recommendation to invest.
I understand that this is for information purposes, however, from your own point of view and putting the DCA strategy into play, would you say it is a good time to invest in bitcoin. Would just like to know.
 

Suba

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I think it's still promising to collect Bitcoin either from rewards or from the DCA strategy (buy Bitcoin) because the price is still below $ 12K.
 

Niftyyem

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Many investors are getting concerned as regards the continuous dip in price being experienced with bitcoin and even some other coins. There have been many explanations about this but it still remains the same.
 

Suba

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Many investors are getting concerned as regards the continuous dip in price being experienced with bitcoin and even some other coins. There have been many explanations about this but it still remains the same.
Because there are so many expert opinions out there that many crypto investors are worried that the price will go down, but we must be sure of our predictions, especially if we are investing in the long term without being afraid of short-term price changes.
 
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