My Actifit Report Card: January 11 2023 - Crypto Pump! Buy?
Crypto is UP!!!
Why? Maybe people expect the Consumer Price Index (CPI) to be low tomorrow. The US Bureau of Labor Statistics is releasing this number at 8:30 AM tomorrow (Thursday). If it's lower than last month's number it may cause the US Federal Reserve Bank (the Fed) to lower interest rates. If that happens there will be more money available to chase more risky assets and crypto is a very risky asset! Crypto buying raises crypto prices.
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. ... Next Release. December 2022 CPI data are scheduled to be released on January 12, 2023, at 8:30 A.M. Eastern Time.
Source: https://www.bls.gov/cpi/
However ElioTrades doesn't think it's time to buy right now. Many are still predicting a bad 2023 with probably a recession in many countries. Watch what he's saying but do more research and be careful out there!
Luckily you don't have to put your money or crypto at risk. You could have some patience and just enjoy your time interacting on here and let your Hive and HBD build up. HBD is paying 20% interest if you put it in Savings. Hive Power pays less but you get the personal satisfaction of helping others with your Up votes. It's all your choice. Do what you want. Just think of others sometimes and not always about yourself. If you want. You do you!
And have a great day!
❤👍❤👍❤
This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io
You have a very valid point as could be a bear trap! Our Blockchain is much safer with 20% on savings! Congratulations on your 6K @actifit steps today my friend take care!
I guess I consider myself fortunate that I am not a crypto trader, just someone who'll choose an asset with long term potential, buy in, and just hand on to it...
It;s nice to see Hive law its way back to 30 cents, though... I'll take slow and steady over the whole pump-and-dump routine, any day.
I see bitcoin rising up soon
well, for me, I have found solace in hive and BTC, so anytime I get an opportunity to buy, I will keep on buying...
I believe that accumulating wealth is a more certain path to wealth...
I don't get why people won't buy at a 3 year all time low but want to buy at a 3 year all time high...
I like your view on hive and this is what I have decided to stick with
thank you so much for sharing the report and great advice, have a nice day
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I heard it might be a bull trap. Anyway, isn't Miss El Salvador on Miss Universe worn a costume with Bitcoin sign on it, probably causing BTC price surge?
I'm sure there are a lot of factors that go into determining the Bitcoin price, but getting the Bitcoin logo out in front of lots of people definitely can help!
Great actifit count achieved