It is expected that the Federal Reserve will cut interest rates in September, and everyone is guessing whether Bitcoin will start to take off next month.

Bitcoin prices have been fluctuating from March to now, and it has been tossing for five months. To be honest, I have persisted for so long, and I don’t mind waiting for another month or two to see.

Even if the current price drops again, it will not fall much. The price is now close to the shutdown price of mining machines. At this price, institutions, miners, and retail investors feel very uncomfortable.

The current currency circle is not about how many new people join, but how the people who are already in it play. It feels that there are fewer people in the currency circle now, not because the market is not good, but because the price has not risen. If the price of the altcoin doubles several times, people outside will rush in frantically.

Ordinary people buy only when the price rises. The higher the price, the more people buy. If the price does not rise, everyone will lose interest.

The smart way is to buy when the market is cold and sell when the market is hot. But most people do the opposite. They rush to sell when they are under pressure, which makes it easy to lose money.

There is still a month before the Fed meeting. During this period, it is unlikely that prices will rise sharply, and they may even fall a little. Institutional investors may wait until the meeting is approaching before taking action to push prices up.

Therefore, the market may fall a little or fluctuate repeatedly, and then start to rise after reaching a relatively low point. Just wait patiently.