Let’s compare today’s rally to 2019
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Below is a BTC-USD chart from January 1 2019, to January 1 2020. This chart does not have covid side-effect, it shows what is a bear market. You can see below a rally from June 9 2019 to June 26 2019, it went from $7788 to $13k, it was a rally of 75% in 3 weeks. Rally happens in bear market. It was then a depressing phase of going down and ending the year around $6.5k. You do you, but I'm not smart enough to day-trade and make money on those temporary rally. 2023 will be a depressing year for those who expect to become rich. For people who went through 2019, it is a good time to accumulate. I do dynamic DCA. I did not DCA since we broke $17k, once it goes back down $17K, I will DCA again and if I have the feeling it will never go back down $17k, I will change my DCA strategy. Happy 2023 yall! submitted by /u/badfishbeefcake |
