1
Cryptocurrency Trading / Re: Hold and trade which is best for you?
« on: May 12, 2024, 04:24:44 PM »I don't think that will happen, it's not impossible, but it will be very difficult to happen. If they expect the price of bitcoin to drop to 20k, then what do they do? weren't we at that price even lower when it hit below 20k at that point, and where were they? are they not buying?Many 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.
We will always hear things like this, that someone will hope for a decline in the price of bitcoin and they will buy it. And when the price they want is touched, they don't make good use of it.