BTC Bluffing, Long Positions To Milk The Cash Cow

We saw moonbeams, we saw laser eyes, and not to miss, we did see the range-bound movements as well. The last three months have been all sounds and fury signifying nothing. On top of this, there’s another punditry unequivocally vouching for Bitcoin to moonbeam in the future. Apparently, we haven’t seen any of that in the last 6 months and much of it looks like a DejaVu moment. In case you cannot relate to the Deja Vu, ask someone who bought BTC at $40,000 level.?

They are stuck in that zone for maybe eternity since a day in crypto is 3 months in traditional finance. But one cannot remain pessimistic, especially when we are speaking of Bitcoin. These are 5 reasons why BTC is still bullish in the long run. HODL, HODL, and HODL

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Five Reasons To Go Long on BTC

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No Massive Dropdown?

We anticipated a Skyfall, but it was just the stars shooting in the air. Yes, BTC rose and consolidated, the war between Russia-Ukraine broke out and we did expect that BTC to plummet. Did we witness that to the $20,000 level as predicted by most of the investment experts? Afraid not, we didn’t! On the contrary, there’s a general sentiment going “buy the dip.” From institutional investors to governments, everyone is just stacking BTC to their balance sheet. It is incredible to see such momentum and the retest at $43,000 levels would inevitably forge trust moving forward. Go long on BTC, not investment advice! A good Bitcoin exchange could help you stack up in the next dip, maybe.?

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Stock Pressure To Not Ease Sooner?

Stocks are bleeding and they will continue to bleed like that in South Asia and Europe. Courtesy to the Ukraine-Russia war. What’s the outcome? Low supply, super demand, inflation on the top. Apparently, that’s what we have been witnessing lately. Inflation just skyrocketed again in the US despite the Fed's tapering. The long story is increasing inflation, bond market wipe out and central banks helplessness, a perfect sauce for the grand recipe where Bitcoin can moon. Apparently, the experts who said Bitcoin to moonbeam weren’t na?ve after all.?

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Risk Quotient Heightens?

Suddenly there’s increasing concern from investors holding greenbacks to look at alternate currencies.?Well, you may very well blame the Ukraine-Russia crisis for the same. There are many economies who are preferring their native currencies over dollars. The foreign trade in native currencies means the dollar is indeed nearing its end. It has happened?in the past when currencies have ruled for centuries as legal international tender. It may well be repeated and we never know fortunately, 2140 is just 100 years from the day the dollar is doomed. Coincidence or godly plan, no one knows what? But the last Bitcoin will indeed be mined by 2140, that’s the truth.?

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Sentiment Not the Key?

Often people invest based on sentiments but they burn out eventually in the long run. Right at this moment, the sentiment for cryptocurrencies isn’t that good. In the Fear & Greed Index, crypto has scored 32/100; whereas, the traditional stock market lies at 46/100, which is considered neutral. Though traditional stock markets have an edge over crypto at the moment, crypto's returns have outsmarted the traditional stock market not once or twice but always. Citing past trends, though it may sound a little abrupt even expert traders like Van de Poppe have suggested seeing the larger picture and crypto is the key, especially buying Bitcoin in India.?

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Fundamental is the Key?

Despite the fear, despite the slowdown, one cannot rule out that the Bitcoin mining difficulty has dropped much. Such a sign shows that there are still miners sticking to the network. On top of this, many mining farms want to encase the opportunity and check in to the mining bandwagon right at the moment. So, indeed we may be headed for the moonshots in the future.?