Special Crypto Training Event — FREE on January 13
You’re about to read my latest thoughts on Bitcoin. It’s a chaotic time for the crypto market, and everyone’s looking for answers. So on Thursday, I’m hosting a special workshop designed to help you understand what’s happening to crypto and what we should expect from here.
Right now, there’s a lot of negative talk out in the world about cryptocurrency.
Early in the year, the market is pulling back big time, lead by none other than Bitcoin itself:
Really, this pullback dates all the way back to when Bitcoin reached an all-time high around $67k back in November.
Since then, it’s pretty much been a one-way street, and that hasn’t been a pleasant experience for long-term bulls.
Unsurprisingly, it’s become easy to write “doom and gloom” headlines about Bitcoin as a result:
And as a result, a lot of people are panicking.
Panic leads to selloff, and selloff leads to even further price collapse.
It’s all become pretty out of hand.
So is it really time to give up on Bitcoin?
Hardly. My long-term outlook hasn’t changed. At all.
There’s plenty of reason to believe we’re reaching the end of the selloff, too. For example, Bitcoin is approaching its most oversold levels in history:
If it makes you feel any better about my confidence, I did buy BITO call options just this last week.
That’s the Bitcoin ETF.
So I’m putting my money where my mouth is.
The people writing these panicked headlines? Most of them aren’t.
Not saying that makes me right and them wrong, just saying.
Jeffry Turnmire and InvestPub do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
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