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Bitcoin Forum / Re: Halving likelihood to be in red?
« Last post by Primo1760 on Today at 04:54:34 PM »This is mainly focused on those that deal on future or don't have strong hands because holders can persevere through trying times and come out victorious.Many people said that the market will dump a lot before the bitcoin halving. Many predicted that Bitcoin would stay between $50,000 and $38,000 before the halving, but that was not the case as Bitcoin went down to $60,000 before the halving, after which the market rebounded. Currently the market is fluctuating between $61000 to $67000 but my guess is that bitcoin may not go below 60000 and may go up from here and by 2024 bitcoin will be around $100,000. The current position is suitable for investment. Those who haven't invested yet can invest because the market bull run will start in few months after bitcoin halving so this time can't be missed if there is money to invest I would say invest from this current market.
Okay this is born out of my pessimism though. What if the early stage of this halving would be similar to ETF approval.
Like people are already buying the rumor I believe many would sell the news and a dump would occur after or a day/two before the halving. What are your thoughts on this?
Does selling the news still apply here?
Note :This is not really a advice. In my opinion if you longing bitcoin in future in this coming months do so with sufficient funds and good risk management accompanied by lower leverage.
We all know that there would be a rise after an halving, but who would benefit are those with strong hands and the ability not to be swayed by market dip.
Still on the topic, what are your thoughts on the early days of this halving?