pull down to refresh

Will bitcoin fall further in September? What do you think?
120 sats \ 3 comments \ @czechnostradamus 1 Sep 2023 bitcoin

Despite the positive news coming in regarding lawsuits by cryptocurrency firms, the price of bitcoin is falling. The postponement of the bitcoin ETF decision was expected, but the bitcoin price has been affected. Will the price of bitcoin continue to fall in September? What do you think?

I plan to sell my BMW E91 for $14,000 and invest it all in bitcoin before the next halving comes. Is this a good decision?

Thanks you for your opinions :)

write
preview
related posts
10 sats \ 0 replies \ @siggy47 1 Sep 2023

There is a possibility it will go up in September. On the other hand, it may go down. Of course, there are those who believe it may just mosey along. I call them the moseyers, or being in the mosey faction.

reply
0 sats \ 0 replies \ @orthwyrm 1 Sep 2023
I plan to sell my BMW E91 for $14,000 and invest it all in bitcoin before the next halving comes. Is this a good decision?

Curbing your expenses by opting for a cheaper car (or no car) is always a good shout.

I'd say that now is probably a good zone to be accumulating. Despite the recent good news, we're still ~60% from ATH and retail is dead.

reply
0 sats \ 0 replies \ @inverselarp 1 Sep 2023

Nobody knows. Reasons to drop more:

  • SEC delaying ETFs
  • interest rates at these or higher levels (making people passively juicing cash)
  • Binance liquidating or some ither shenanigans

Reasons to pump:

  • ETF approval
  • fiat banks runs (or other instabilities caused by realestate / treasuries drops)
  • halving
  • novel usecase (i am big fan of LN + Nostr + AI)
reply