US loan interest rate dropped so what it means for us?
What it means for the crypto community. What to expect?
On 3rd week of September,2024 The Biden government announced a 0.5% drop in US market loan interest. Which means a couple of things and we need to look back at what happened previously. Because it gives us to harvest wisdom from lessons.. One this we all are assuming that more people will be encouraged to take loan in this period.
We have to think about what people do when they get access to money? We can easily recall the inflation that happened when the government gave subsidiary and emergency Aid to the citizens.
Immediate result would be that the market (both Stock and crypto) will be pumped. Some of them will be smart investors and they would know they are aiming to. But the good news ends here. Because we will hear the cry of those unaware and irresponsible investors losing their lifetime savings or getting into lifetime debt. Because they would move their money more frequently than a day trader that would not only harm them but will make the market volatile.
And this has been happening all over the time.
Easy money and assets leads to Horror stories.
So what it means for us?
We should not panic. Let the moment sink in maybe get out if you gain 2-3x. Wait for the market to settle in.
My prediction is the market will jump with in 2-3 weeks.
No promises but pure speculations.
I’m no financial advisor , I just share my analytical opinion.
Let me know what you think?
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