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Cryptocurrency Trading / Re: Hold and trade which is best for you?
« on: Today at 04:56:13 PM »Looking at the current Bitcoin market, it is doubtful that $50,000 will ever be reached. But if there is more dumping it may come to $50,000. Currently we see the Bitcoin market fluctuating between $60,000 and $63,000. However, if the market continues like this, it is estimated that Bitcoin will gradually rise and reach $100,000 by 2024. But yes I agree with you that bitcoin will not go down to $20k again and neither will bitcoin holders and whales. So if you have the position to invest, keep investing and the market will surely rise and reach all time highs.I agree with you, it is impossible for the price of bitcoin to fall to $ 20K, because whales and bitcoin holders will not let that happen. I think the prediction that might happen this year is that Bitcoin will fall to $50K, but it won't fall below thatMany hope that the price of bitcoin will fall to $20K, but I think that is impossible this year or early next year. because many hope that the price of bitcoin will rise and touch a new ATH, they will sell their bitcoins that have been held for a long time.Its too impossible bitcoin will fall down to $20k and I scared with the most people expected bitcoin drop to this price will brave buy back later or keep waiting? Most people expected one day later bitcoin will drop and try to buy back but after lower price coming most of them still confusing and not brave to buy.
I think when bitcoin get correcting around 5% to 10% many people have waiting to buy back and make bitcoin return again to higher price, so fast correction will get faster for bitcoin up to higher price.