Woke up to see BTC at 63k this cold Saturday morning, although I'm excited but I'm kinda skeptical and have questions. Is the retracment over? Will price create another ATH from here or is this a dead cat bounce? Let's share opinions below.
Don't just go with the market or you'll lose all your assets. It's true that BTC has given so much profits into the previous bull run but it not the case always. You have to look into this real world that everyone one here is to make the profits so it will not be you always who'll make profits.Just be careful while investing into the crypto world as the big investors can manipulate the market everytime they want to make them good profits.
Can you tell me how this person will lose all his assets because he go with the market? He is in Bitcoin, he will never lose anything until he decides to sell for a loss, some people bought the top in 2021 and they are still here today, holding, it is Bitcoin and it doesn't matter, Bitcoin will always be here to stay.
True that he will never lose all his assets even if he sells at a loss, just for instance, he bought at $70k and sell at $56k when the price dip in fear of losing more, he still did not lose all assets, more or less he lost around 20% of his capital. The only scenario where a Bitcoin holder lost all his asset value is when Bitcoin becomes worthless and that is unlikely to happen at the current state of the market.
OP all I can tell you is to have patience, everyone keeps saying things will be different this time but so far Bitcoin is doing the same thing it did in the last cycles, all you want is some good gains just like me, it will take time, for now do not believe what the news is saying, in fact stop reading them, just wait for a new ATH and take profit.
It won't hurt to know the news, in fact it is suggested to be updated on whatever investment we had. We just need to have a deep knowledge of our investment and have faith in our decision of buying and holding BTC. After all, the Bitcoin market even though is unpredictable, always rebounds and even records a new high every 4 years, in fact, it recorded a new ATH even before the halving event happened.
If we look at the history of the Bitoin market, it tends to transition into a bull run trend some months after the halving since it is one of the catalysts of the market to transition into a bull market. So I think we can expect a gradual recovery of price and eventually a bull run that may record new ATH, lets just wait and see it happen.
