Bitcoin market trends - page 2. | Bitcointalksearch.org

FatFork

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Quote from: annie1286 on August 04, 2024, 08:15:24 PM

I am worried.

But why? Why are you worried actually? Prices go up, down, all around. Predicting the bottom is impossible. You should know that already. If you invested in Bitcoin or something, the price drops probably stress you out and Id say don't sweat the day-to-day stuff. Think long-term. But hey maybe you haven't invested at all. No shame in watching from the sidelines until you feel ready. Consider this a good opportunity to dip your toes. So again, no need to worry.

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Quote from: annie1286 on August 04, 2024, 08:15:24 PM

Will the price of Bitcoin continue to fall? Where will the resistance point be? I am worried.

If you're asking yourself that question you're asking the wrong question, because the worst thing with Bitcoin is trying to guess what it's going to do in the short term and, if it's the case, trading it. The best strategy is to accumulate for the long term, forget about the noise and have a view of at least one cycle, or 4 years. The Bitcoin since its creation until now has been the most profitable asset for those who have not worried about what you worry about. For those who have cared about short-term performance, it has generally been a ruin.

legendbtc

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Quote from: annie1286 on August 04, 2024, 08:15:24 PM

Will the price of Bitcoin continue to fall? Where will the resistance point be? I am worried.

Not only bitcoin, the entire world financial market is going through its worst days, the reason is said to be that people fear the global economy will enter a recession.

No one knows what will happen next. But you need to remember that no market will decrease forever, if there is a decrease, there will be an increase, the financial market is always like that. So if you are investing in btc with your idle money and can hold it for a long time then don't care what is going on because it will soon pass and everything will recover. But if you're investing money you can't afford to lose, you should have a plan because I don't think the market will recover anytime soon. If there is an economic recession, it won't end anytime soon.

We are not alone in this correction, the entire financial market is going through a bad period.

Source: x.com

Richbased

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Quote from: annie1286 on August 04, 2024, 08:15:24 PM

Will the price of Bitcoin continue to fall? Where will the resistance point be? I am worried.

To answer your first question, Bitcoin may continue falling but it shouldn't cause a panic for those who are Hodling, do not be pressured by the price decreasing but rather see at as an opportunity to buy more Bitcoins at a reduced price. Bitcoin is a high volatile asset so it is expected to experience DIPs and RISE at a particular interval of time. Just throw back at the highest price it got last week about $69k and now it's around $54k so it's about 15% decrease which is a very fair advantage to buy the DIP and HODL.

Then about your second question if a resistance point will be experienced? the answer is NO, there will be no opposition to price of Bitcoin rising again after experiencing some DIPs. It should be noted that Bitcoin have stood fame even amidst media, political and personal criticisms so on no account will there be an opposition against the price of Bitcoin to skyrocket after undergoing necessary corrections in form of DIPs. Bitcoin have stood up for itself overtime even to some point where most investors almost lost confidence but yet it gave us a reason to be courageous and to have faith that it has a brighter future ahead so we shouldn't be confused when an intense DIP is happening, it's gonna rise again.

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It's true that one sometimes l have to be worried about there investment but if you're investing in bitcoin for a long term this temporary price change wouldn't be a problem to you because you would have the confidence that even if it falls below half it will surely make a good turn which is even the more reason we believe in bitcoin and not altcoins that aren't capable of returning to a good price.

If you have spare cash that could be used for investment you can rush now that we are facing a temporary a dip and buy bitcoin in discount because it will turn out to be the best time to have bought bitcoin in the year 2024 before if sky rockets to an unbelievable price which is the bullishness we awaits. Panicking isn't our thing but opportunity maximisation is the aim.

Darker45

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It may; it may not. But there's nothing to worry about. Bitcoin has been declared dead a hundred times. Look where it is now.

We've all been here many times before. A year ago, Bitcoin's price was around $30,000 and some were worried because it fell to around $25,000 several days later. Before the year ended, the price has went beyond $40,000.

People are easily worried. They worried when Bitcoin fell from $1,000 to $500, from $20,000 to $3,000, from $60,000 to $30,000, and now from $70,000 to $54,000. Can't you see the pattern?

This is normal turbulence. Fasten your seatbelt and enjoy the ride!

annie1286

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Will the price of Bitcoin continue to fall? Where will the resistance point be? I am worried.

Topic: Bitcoin market trends - page 2. (Read 273 times)