More and more people are becoming bullish. When is the safe moment to enter?

in #bitcoin7 years ago (edited)

For me the good moment to enter with bigger money would be to get to bigger Market Cap - as we had before. Currently we are at 1/3rd of max cap and there is a long way to get to the top again.
Google trends for bitcoin are at the very low and I had this rule not to reenter the market until we see a spike there.

But on the other hand there are more people that I considered bearish and rather sceptical that become bullish and they are calling the bottom.

One is my favorite TA chartist Philakone. Beside his TA he's calling Panthera Capital (biggest crypto fund) and their statement that we've hit the bottom.

Another is Crypto Investor. He previously predicted bitcoin domination going up from 39% up to 50% - we reached 45% and now are declinign. This is for him a good argument for calling it a bottom at around 6k and that things are getting back to normal?

The big question is also how will Crypto perform when (if?) stock markets crash. So far Bitcoin is highly corelated to S&P500 (Despite people saying it is a hedge to ''normal' stocks)

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