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Author Topic: Hold and trade which is best for you?  (Read 12882 times)

Online Litzki1990

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    500 Posts Topic Starter Karma Good
Re: Hold and trade which is best for you?
« Reply #285 on: Today at 11:06:44 AM »
Yes, I think they just dream that the price of bitcoin will fall to $20K, in fact according to my predictions it will be difficult for the price of bitcoin to fall below $50K, because miners will lose money if the price of bitcoin is below $50k during the halving, because their reward is cut in half. and whales will not let the price of bitcoin fall below $50K
If people expect Bitcoin price drops to $20k in the near future, it is surely impossible. There is no way that Bitcoin price will drop again at that price. The current price is almost $70k again, it raises to $67k today. Instead of dropping to $20k, the price looks like to be pumped again above $70k. We know that Bitcoin can freefall again, it is possible to drop below $50k again. But it should be in the next bearish season, it won't happen in the current bullish season.
We are really not experiencing a DIP in the market, so it's quite impossible for bitcoin to go as low as $20k, the market is just undergoing a recuperation and a correction, that's why the market is looking bearish, but some people are actually mistaking it to be a DIP which isn't true.
After the recuperation period, we are sure that bitcoin will experience another Bull run and break through its current ATH and establishing a new ATH.
Cant really be still that ocnfident on this case on which we know that when it comes to probabilities and possibilities then it would really be that something that could really happen in the market.
We might not be seeing some huge drop for this cycle but come to think that we are still not that too farm after that halving event. Basing up on previous cycles then we arent still there yet
if we are really that trying to look into those previous conditions or situations then i do say that it is really that still too early for us to tell that there wont really be some huge drops
after wards or in upcoming months to come.
because crypto is volatile, declines will also occur, but based on previous analysis and experience, I don't think bitcoin will experience a big decline this year and of course, because it is estimated that early next year will be the bullish season. We will only see a correction this year, it will not be sharp
So far, the very fluctuating cryptocurrency price movements are really needed, traders can take advantage of price movements like this to seek huge profits. Currently market conditions are stable and there tends to be a slight increase. This is a very good move to buy and hold until next year as you said.
Bitcoin market is like that ie you will not see much volatility in this market, if the price keeps decreasing then it stays at a certain level and if the price increases it also increases from a certain level. You can't match bitcoin with all other coins in the market because all other coins in the market are dependent on bitcoin and even if bitcoin grows at a certain speed, other coins in the market rise more. Because of these few reasons you can trust Bitcoin as much as you can trust any other coin in the market, which is why I would say Bitcoin is always the best digital currency to invest in.

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Re: Hold and trade which is best for you?
« Reply #285 on: Today at 11:06:44 AM »

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