Buy what dip?
When a stock is going up, good investment advice is to wait for the stock to come in, go down, before you buy it to go up again. If you watched bitcoin last week, you saw that happening once, maybe twice a day. Like now, Bitcoin was at $20,000 2 hours ago. It fell $750 an hour later. Now, Bitcoin is over $20,000 again. This is not normal behavior. Investors are ignoring good advice. Why this sudden behavior? Business owners are careful money managers for the most part. They particularly pay attention to future money conditions, including what the Federal Reserve does in regards to interest rates. This last week, Fed governors on the investment committee, Georgia Brown and Neal Kashkari, came and said that inflation was going to last at least a couple of years. The only way that could happen is for the Fed to slow down interest rate hikes. Inflation is under their control. So businessmen, listening to this, now have to deal inflation in their business. One of was to keep inflation down in your business is to buy commodities and store them in a warehouse. But several years worth? A better idea is to buy bitcoin and store them on your desk. Now that Bitcoin winter is over, they will even make some extra money. So the owners are buying bitcoin at a discount. And they will continue at least until Bitcoin gets back to $70,000. So what can you do? At least for the next 2 weeks buy as much as possible. There will be up in the price. Watch the price this weekend. That’s how you will know what’s going to happen on Tuesday.