Nothing that is happening currently to the price of bitcoin is new. We still have high volatility, it’s a feature of bitcoin due to the boom, bust 4 year cycles that center around the halving. Hopefully though we have bottomed at 16k & are beginning the slow, steady transition into a new bull market.
Don’t worry about short term price volatility though, bitcoin is going nowhere & is here to stay. As always, if you are patient you will do very well in bitcoin.
Topic: BITCOIN BULL MAY BE IN TROUBLE - page 7. (Read 860 times)
According to what's happening in the market today., Bitcoin's value has changed a lot in the past, still going up and down quickly. Recently, it reached a really high value in April 2021, but then went down a lot in May 2021. There are different reasons for this, such as concerns about the environment and government rules. Some people think that in the short term, the price could still go up and down a lot because of different things like the economy and what people think. It's hard to know for sure what will happen, so people who want to invest in Bitcoin should be careful and think about the risks and rewards before doing anything because the Bull market may be in trouble.BTC
Why are you writing about events from two years ago? Was this post sent from two years in the past? lol
According to what's happening in the market today., Bitcoin's value has changed a lot in the past, still going up and down quickly. Recently, it reached a really high value in April 2021, but then went down a lot in May 2021. There are different reasons for this, such as concerns about the environment and government rules. Some people think that in the short term, the price could still go up and down a lot because of different things like the economy and what people think.
Bitcoin price volatilities is not a new thing, and history have always been accompanied with alot of market volatility and Bitcoin creator Satoshi already memtioned that in the bitcoin whitepaper, he stated clearly that bitcoin should be allowed to grow organically with out much interferences.So despite the ups amd down in Bitcoin price, there was never a time Bitcoin value failed recover or correct back, this is what makw Bitcoin not become a bubble that will ride in a single direction and then burst.
It's hard to know for sure what will happen, so people who want to invest in Bitcoin should be careful and think about the risks and rewards before doing anything because the Bull market may be in trouble.BTC
Bitcoin price unpredictability is what makes up for the ultimate advice that you should invest only the amount you can afford to lose or look away from for a long time, never the less, Bitcoin is less risky compared to other assets in its categories and the Bitcoin chart can easily be read.The best way to minimize risk in Bitcoin is to constantly DCA whenever the price favours you but then not all Bitcoin investors go through the stress of active involvement in the daily--weekly or even monthly Bitcoin cycle, must of the new age Bitcoin investors are all about the profits and it must come fast and since bitcoin doesn't guarantee that, they tend to migrate back to altcoins that promise them quick profits.
According to what's happening in the market today., Bitcoin's value has changed a lot in the past, still going up and down quickly. Recently, it reached a really high value in April 2021, but then went down a lot in May 2021. There are different reasons for this, such as concerns about the environment and government rules. Some people think that in the short term, the price could still go up and down a lot because of different things like the economy and what people think. It's hard to know for sure what will happen, so people who want to invest in Bitcoin should be careful and think about the risks and rewards before doing anything because the Bull market may be in trouble.BTC
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