Is this the bottom?

[Lucius]

I believe the EU and Canada initially wanted to wait for the FED to cut interest rates before following suit, but the FED's delay, even with the legitimate reason of still-serious inflation in the US, has forced them to act first to protect their own economies from the risk of decession. I think this will give the FED more reason to cut interest rates quickly even if inflation cannot be reduced to 2%. The FED does not want a hard landing, they will need to do something to save the economy.

It is interesting that the EU waited quite a long time to raise interest rates after the US did it, which many considered an illogical move - but it is difficult to compare the ease of decision-making when it comes to the US compared to the EU. Some things in the EU are simply too complicated due to the fact that the majority of member countries have different opinions that are sometimes not easy to reconcile.

Lower interest rates will make it easier for money to flow into the economy, financial markets will develop strongly, including crypto. From the beginning of 2023, I was quite confident that the market had bottomed out. All we were waiting for was a bullrun thanks to interest rate cuts and Spot ETFs.

It seems to me that money will flow more strongly only when the US lowers interest rates, because in reality the EU is not even close to the interest that the US market shows for cryptocurrencies. The average American is much more exposed to the knowledge that Bitcoin and altcoins exist, given that such topics are daily present in most of their media, which is not the case in the EU (at least that's my experience).

[MrSpasybo]

It is interesting that the EU waited quite a long time to raise interest rates after the US did it, which many considered an illogical move - but it is difficult to compare the ease of decision-making when it comes to the US compared to the EU. Some things in the EU are simply too complicated due to the fact that the majority of member countries have different opinions that are sometimes not easy to reconcile.

It seems to me that money will flow more strongly only when the US lowers interest rates, because in reality the EU is not even close to the interest that the US market shows for cryptocurrencies. The average American is much more exposed to the knowledge that Bitcoin and altcoins exist, given that such topics are daily present in most of their media, which is not the case in the EU (at least that's my experience).

The ECB is also governed by people with their own views, independent of the FED or any EU country, so sometimes they make their own decisions, which they think are best for the EU economy, in their judgment. For me, the fact that the EU and Canada are cutting interest rates at this time is good news for the financial markets, even though it could cause inflation to return. After all, high inflation is still not as bad as a financial decession.

At present, I believe that under pressure to rescue the economy and serve political purposes, FED's interest rates cut is only a matter of time and will have a global impact, prompting major economies to take similar action. I'm just thinking about the ATH of BTC and many top ALTS in Q4 2024 and Q1 2025 after the FED officially cuts rates, after all I'm just an investor and don't really care about inflation in the US or EU ^^

[Lucius]

~snip~
I'm just thinking about the ATH of BTC and many top ALTS in Q4 2024 and Q1 2025 after the FED officially cuts rates, after all I'm just an investor and don't really care about inflation in the US or EU ^^

The world has become one global village and unfortunately everyone feels the consequences of the decisions of the largest countries, especially the US. Therefore, the rest of the world depends a lot on how much inflation is in the EU or the US, because an increase in the prices of goods and services mostly means that people spend less, which means that less goods are imported/exported, which means less profit for everyone.

As for ATH, the period you mentioned is considered by many to be the most likely for the absolute top of this cycle, of course if something negative does not happen.

[albon]

If the crypto market is in a dumper then it is the right time for you to buy. How will the market recover if you don't buy at this time? Investors are needed to restore or change the crypto market in any direction. It is foolish to think too soon to see a bullish run because it is the correct calculation for an uncertain day. Honestly buy good tokens without getting frustrated with dump then you can get good profit. You have to figure that when the game of dump ends, the game of pump starts.

[Dr.Bitcoin_Strange]

You have to figure that when the game of dump ends, the game of pump starts.

If Bitcoin was the case study here, then I'll completely agree with your assertion but shitcoins? Hell no.

You said, buy good coins during a dump and expect a pump afterwards, first of all, how'd you know whether or not the token has the potential for recovery and that you'll not end up buying a dead token?

A lot of people ended up buying pump and dump coins at the last stage of the project and didn't even realize what they were doing and it didn't end well.

[albon]

You have to figure that when the game of dump ends, the game of pump starts.

If Bitcoin was the case study here, then I'll completely agree with your assertion but shitcoins? Hell no.

You said, buy good coins during a dump and expect a pump afterwards, first of all, how'd you know whether or not the token has the potential for recovery and that you'll not end up buying a dead token?

A lot of people ended up buying pump and dump coins at the last stage of the project and didn't even realize what they were doing and it didn't end well.

There are a few things to look for in selecting that project and be very focused. as the importance of their marketcap and capitalization and liquidity and there strong foundation of key points. How advanced they are in terms of technology and clear roadmap in their projects. Moreover they have to carefully check the latest security systems in their projects. Of course their community should be larger and investors should always be given the best support.

[MrSpasybo]

The world has become one global village and unfortunately everyone feels the consequences of the decisions of the largest countries, especially the US. Therefore, the rest of the world depends a lot on how much inflation is in the EU or the US, because an increase in the prices of goods and services mostly means that people spend less, which means that less goods are imported/exported, which means less profit for everyone.

As for ATH, the period you mentioned is considered by many to be the most likely for the absolute top of this cycle, of course if something negative does not happen.

Yeah, the success of BTC & ETH Spot ETF, the depletion of BTC and ETH on CEXs, the popularity of crypto in the US presidential election campaign - everything is ready and we need some really important news so that people can be ready to invest more in financial markets, including crypto. Just one FED rate cut this year is enough to trigger a bullrun and altseason!

I believe that the market cycle is still maintained, which means that we will still have a top in Q4 2024 and Q1 2025. It would be better if we have a longer bullrun so that many ALTS can fully grow within their potential. I am thinking of the case of 2 peaks for this bullrun and investors will be surprised again by BTC price behavior.

[Sim_card]

You have to figure that when the game of dump ends, the game of pump starts.

If Bitcoin was the case study here, then I'll completely agree with your assertion but shitcoins? Hell no.

You said, buy good coins during a dump and expect a pump afterwards, first of all, how'd you know whether or not the token has the potential for recovery and that you'll not end up buying a dead token?

A lot of people ended up buying pump and dump coins at the last stage of the project and didn't even realize what they were doing and it didn't end well.

They buy those pump and dump coins because it is cheap and believe the price will go high just like bitcoin started, unknown to them that the coin will not last in the market. This is why it is very risky to invest on new coins and any coin that has not last long in the market.

[Nwada001]

You have to figure that when the game of dump ends, the game of pump starts.

If Bitcoin was the case study here, then I'll completely agree with your assertion but shitcoins? Hell no.

You said, buy good coins during a dump and expect a pump afterwards, first of all, how'd you know whether or not the token has the potential for recovery and that you'll not end up buying a dead token?

A lot of people ended up buying pump and dump coins at the last stage of the project and didn't even realize what they were doing and it didn't end well.

They buy those pump and dump coins because it is cheap and believe the price will go high just like bitcoin started, unknown to them that the coin will not last in the market. This is why it is very risky to invest on new coins and any coin that has not last long in the market.

A lot of people in the crypto space have this huge misconception about Bitcoin and other altcoins, just because bitcoin had a humble and small beginning before it thrived into the most profitable and most known crypto, they also believe that altcoins have the same potentials too without realizing that the technology in which bitcoin is built on has made reservations for some special features that has other coins can never possess which makes bitcoin on of a kind.

Investingbor choosing to invest in bitcoin requires application of extreme caution, because altcoin investment are nothing more but gambling.

[bayu7adi]

Investingbor choosing to invest in bitcoin requires application of extreme caution, because altcoin investment are nothing more but gambling.

That is true for most altcoins, for the top altcoins we can get a better percentage to understand that the project is slightly more valuable than memecoin.
What makes people doubt altcoins is probably because most of the coins in circulation are just bullshit... so here there is a tendency to just choose Bitcoin...
To get the bottom price, after the correction that occurred this week, I think doing limit buys in stages can still be applied as a wise strategy to get dip prices this month... still waiting for the bullish moment after the 2024 halving.

[taufik123]

-snip-
What makes people doubt altcoins is probably because most of the coins in circulation are just bullshit... so here there is a tendency to just choose Bitcoin...
To get the bottom price, after the correction that occurred this week, I think doing limit buys in stages can still be applied as a wise strategy to get dip prices this month... still waiting for the bullish moment after the 2024 halving.

From the beginning of 2024, there are already a lot of coins that only take advantage of the memecoin hype and that will only be abandoned when they make a lot of profits. Many get stuck on these junk coins and it makes a lot of losses.

Crypto is currently in bear mode, and June is a discount month that gives anyone the opportunity to buy cheaper before the bull market returns. So buying gradually is a good suggestion with the spare money you have.