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Author Topic: Bitcoin Dump Signifcant After Halving  (Read 4522 times)

Offline IvugeoEvolutionCoin

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Re: Bitcoin Dump Signifcant After Halving
« Reply #105 on: February 22, 2024, 11:40:26 PM »
When the Bitcoin price movement starts to fall downwards, supporters who have opened a buy order at the lower price will automatically prepare and look for the right position to enter because it is certain that the Bitcoin price will bounce and increase the price again. Price movements like this often occur so that when moments like this are seen by professional traders they will try to make a profit as quickly as possible.
Yeah, maybe there are lots of bitcoin supporters who will do that, the most important thing is that there is no bad news that attacks bitcoin too deeply and will not make the price collapse to the bottom price, which is enough for me to stay in bitcoin.

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Re: Bitcoin Dump Signifcant After Halving
« Reply #105 on: February 22, 2024, 11:40:26 PM »

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Offline elbans89

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Re: Bitcoin Dump Signifcant After Halving
« Reply #106 on: February 23, 2024, 12:08:15 AM »
When the Bitcoin price movement starts to fall downwards, supporters who have opened a buy order at the lower price will automatically prepare and look for the right position to enter because it is certain that the Bitcoin price will bounce and increase the price again. Price movements like this often occur so that when moments like this are seen by professional traders they will try to make a profit as quickly as possible.
Yeah, maybe there are lots of bitcoin supporters who will do that, the most important thing is that there is no bad news that attacks bitcoin too deeply and will not make the price collapse to the bottom price, which is enough for me to stay in bitcoin.

Yes, I hope there will be no bad or bullish news next year, because that will affect the price that Bitcoin will reach when it hits ATH next year. looking at developments this year there are no signs yet - you will be attacked by bad news, because ETH bitcoin is approved. This shows that the US has started to open the door to accepting bitcoin. Although the government has not officially announced that bitcoin can be used as a payment method. But this is already a breath of fresh air for bitcoin lovers
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Offline Fivestar4everMVP

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Re: Bitcoin Dump Signifcant After Halving
« Reply #107 on: February 23, 2024, 06:18:56 AM »
 In response to the op, I would say that is a very relevant question, as I myself have always thought about that too, I did think about that before the bitcoin spot ETF was approved, everyone including myself expected that the price of bitcoin will go parabolic as soon as SEC announces that the ETF has been approved, but some time later, I paused to think or imagine what if the price of bitcoin drops after the ETF approval, how will I feel and how will most people feel?

It's a normal thing to always have this kind of feeling, and this is one of the reasons why we are advised to always invest not more than we are comfortable losing, regardless of the trust in bitcoin, investing in bitcoin still carries various degrees of risk depending on the entry price.
So, if you have invested the amount you can comfortably lose, this imagination of bitcoin price dropping after halving shouldn't bother you too much.
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