At this time bitcoin is really unstable. I'm not sure about anything anymore... It can stay around 35,000$, it can show some strength pumping back to 40,000$ and it can even drop further to 29,000$ if the currently tendency isn't reverted soon. These are the three possible scenarios I have in mind by the end of this month, which is still taking another long week to finally end.
January has been a tough month for bitcoin. I just hope it's not a bad omen of how the entire 2022 is going to be!
That is basically the whole gist of the investors as well. I mean if you invest into crypto then you feel exactly the same way as well and think that it may go to 40k+ soon or it may end up with nothing at all and make you lose money too, nobody knows. This is at least just gambling, it is not really the same as investing all of your money into something.
You know that, in here you gamble and if you lose then all of it is gone and if you win then it will be good, but with regular investing you usually either lose some or win some and that is why you are free to invest more, since you can't lose it all and have zero. That is at least what I do, maybe others don't do it that way. All in all, it is just nice to see people taking the price wager seriously, it is not that much different from regular investing, it could go either way and people realizing that is awesome to see.
if you want to bet on btc price, or even eth/fun token, just for the sake of fun or possible additional earnings, freebitco has their monthly betting line for this. even if we are long timers here, still hard to predict the bitcoin price, let alone predicting it after a month. any significant news, it can easily change the path of the market.
this is where the speculators can test their prediction skills, if they can hit it right as the odds are actually very nice, more than 10x, and if youre in luck and got right with 50-55k, the odds are at 24x. so for those who are boasting they know the market, this is your opportunity to get good return of your money.