Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: ashraf786100 on November 27, 2020, 01:59:02 PM
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Earlier today, the world's most popular cryptocurrency, now acknowledged as a store of value and an inflation hedge by many top-of-the-line financial institutions made a sudden reverse and shed around 10 percent of its market value.
Bitcoin plunged from $19,389, rolling down first to $17,608 and then declining below the $17,000 support. At press time, Bitcoin is changing hands at $16,781, as per CoinMarketCap.
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If there is a year called the golden age in the cryptocurrency market, then it will be considered as 2017. I was in the cryptocurrency market in 2017. But only I was an investor. Since then the level of investment in my life has come down to a ruin. I was damaged in 2018. From then on I started working in Bounty. Let's do the bounty now. So I think 2017 was a golden year for the price of bitcoin or for the price of other coins.
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That's the way of market fluctuating.
Others may say don't buy on high, buy when deep. I think now is the time to buy and hold until bull run this year if there is. The golden age of 2017 may repeat this 2020 or next near. Be patient and cool yourself to avoid too much anxiousness and depression for Bitcoin will increase again.
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We have been waiting for several years for bitcoin to greatly increase in price and this year bitcoin again showed that it can grow in price and reach new heights, but now there is a correction in the price of bitcoin and what will happen with bitcoin next is not clear, so I will wait until the correction will be over and then I will think whether to invest in bitcoin or better to wait even for better time to invest in bitcoin.
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This phenomenon has been done several times when bitcoin has been in the past few months and it is not strange anymore, because bitcoin has now become a short-term investment. In fact, I predict Bitcoin will only be in the range of $ 16K to close the end of this year. but don't worry for bitcoin holders that the sharp increase target is next year. so just prepare us to store bitcoin in your wallets.
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This is what I dislike about Bitcoin, it drops even faster than it rises.
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Indeed, for cryptocurrencies such as bitcoin, a very drastic decline is common in the crypto market. often we see which bitcoin has experienced a tremendous increase in a few days and and also experienced a drastic drop in just a few hours
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Bitcoin plunged from $19,389, rolling down first to $17,608 and then declining below the $17,000 support.
Yep, in the last few days, Bitcoin can pass $19K and almost reach its ATH. But as we know that it dropped after passing $19K. Now the Bitcoin price is struggling to survive around $17,000. It seems Bitcoin to be sideways and survive around $17,000 for a moment. We may need to wait for several days even weeks to see the price moves again. So, be patient, don't do panic selling!
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Earlier today, the world's most popular cryptocurrency, now acknowledged as a store of value and an inflation hedge by many top-of-the-line financial institutions made a sudden reverse and shed around 10 percent of its market value.
Bitcoin plunged from $19,389, rolling down first to $17,608 and then declining below the $17,000 support. At press time, Bitcoin is changing hands at $16,781, as per CoinMarketCap.
Source: https://no link shorteningday/425-million-worth-of-bitcoin-futures-liquidated-on-binance-as-btc-tanked
[added source]
Right you said all information and we will see the price and the value touch above the moon . We never no where will the price reach at the end time . By passing with time the value and the price will gain successfuly no contraction here about btc.
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User locked thread due to plagiarism, source was added to OP but has since been deleted by user. This is why the user is being watched.
Source: https://no link shorteningday/425-million-worth-of-bitcoin-futures-liquidated-on-binance-as-btc-tanked