Many Bitcoin enthusiasts are still convinced that there will be one last major correction in October.
Why? Because, from a rational perspective, there is a lot to support this view:
The 4-year cycle (still intact so far),
macroeconomics (the economy is crumbling in many areas due to, for example, inflation, key interest rates, commodity concerns, and extreme U.S. national debt),
geopolitics (Increasing crises and wars worldwide due to the “Orange Man”)
and the otherwise healthy tech sector could use a correction in the AI sector .
Does that mean Bitcoin is guaranteed to drop? No.
Does that mean Bitcoin is guaranteed to go up? No.
The only thing we know for sure: So far, the price hasn’t really been affected by any of this. 🤷♂️
Bitcoin seems to be going its own way—mathematically speaking, just like the halvings. In hindsight, the financial world always finds the “perfect” reason for movement XY anyway.
I’m staying relaxed, stubbornly sticking to my DCA plan, and watching the spectacle unfold. Either we’ll actually break down to set a new low, or we’ll hold the trend and soon see $100k USD again (at which point, by the way, I’ll stop investing—even for the long term).
In the end, we don’t need to worry about the short-term price. In the long run, the plan must and will work out.
How do you see October? Are you setting aside cash for the dip, or are we already in “God Mode”? 👇
I actually still have some cash left; if there’s a BTC correction, it’ll all go into that—if not, then just into the simple All World ETF ($VWCE (-0,33 %)). You can never go wrong with that :).
