Bitcoin: Time to Buy
"We're still at 64K. We will go soon much down. There is no point in buying now. Well, I mean, that's the thing. When Bitcoin is cheap at around 200 week moving average, you know that you're buying a long-term cheap price."
ℹ️ In shortIvan on Tech suggests that Bitcoin's current price (64K) is too high and advises waiting for a drop to the 200-week moving average to buy cheaply for the long term.
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… Only about Kumbaya. Do you say {colon} or how you call this two two two ones? Or is it {semicolon}? Maybe {semicolon}. {semicolon}, right? I the the two dots, like you know, that like the timestamp. 44 two dots 08. Is it {colon} or {semicolon}? Anyway, one of them. It's {colon}. {semicolon} is the other one with the Yeah it's you understand. We're still at 64K. We will go soon much down. There is no point in buying now. Well, I mean, that's the thing. When Bitcoin is cheap at around 200 week moving average, you know that you're buying a long-term cheap price. Now, if you want to have capital efficiency, meaning that you don't want to, let's say, be sideways too long or even risk going down, then just wait for bull flip. It's different type of people. Like, if you buy around 200 week, you you buy cheap price. I mean, you can start accumulating. You can start respecting the pump and bullishness earlier. …
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