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Topic: From Sideways to Downhill - page 6. (Read 759 times)

full member
Activity: 952
Merit: 105
June 13, 2022, 08:36:18 AM
#6
Any suggestions what to do?
You might want to sell your altcoins now, many of them will not survive this bear market, so do not think they will all come back up when the market is green again, so selling your altcoins might be a good option, even if you are at a loss now, selling it so you do not completely lose eveything makes more sense. You should hold your bitcoins if you have any, do not sell it at a loss, it will surely come back up again, if you still have some spare money in this inflation period, you can buy more bitcoins, or leave the crypto network and diversify into other areas, maybe Real estate, gold, Silver, etc.
The tagline of the discussion is very catchy.  
I just finished discussing the same thing with my friend over phone. We are going downhill on a very steep hill and the breaks are not working at all.
Its good to save yourself from the coming trouble, beforehand.
hero member
Activity: 994
Merit: 1089
June 13, 2022, 08:01:15 AM
#5
Any suggestions what to do?
You might want to sell your altcoins now, many of them will not survive this bear market, so do not think they will all come back up when the market is green again, so selling your altcoins might be a good option, even if you are at a loss now, selling it so you do not completely lose eveything makes more sense. You should hold your bitcoins if you have any, do not sell it at a loss, it will surely come back up again, if you still have some spare money in this inflation period, you can buy more bitcoins, or leave the crypto network and diversify into other areas, maybe Real estate, gold, Silver, etc.
legendary
Activity: 3080
Merit: 1500
June 13, 2022, 07:58:50 AM
#4
Apparently, the sideways market broke down not out. Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?

Nobody really knows what will happen next. It could go even below the current price range or it could have a resistance around the current price level. I mean anything could happen. But one thing I am sure about - it's a once in a lifetime opportunity to score more bitcoins at a low price and average out to an even lower price. This opportunity may not ever come back!
hero member
Activity: 2632
Merit: 626
June 13, 2022, 07:46:17 AM
#3
This day have really brought bitcoin price down with continuous fall in price from the today's opening at $27,342 and now down to $23,543. This has dropped almost $4,000 from yesterday close. It could be fulfilling the continuous downward prediction for the trend. This doesn't look good for the cryptocurrency because more altcoins are going down with this development as there will be panic sell soon after today.
hero member
Activity: 2716
Merit: 552
June 13, 2022, 07:37:18 AM
#2
This could go far down even below $20k, nobody knows what happens next. After the crypto market losses $100b it immediately drops $25k level and currently Btc continued to fall down as it's currently trading at $23,700+.
Please replace that " now what" type of mindset coz this the "this is it" situation. This is what the crypto enthusiast is looking for. A good entry point.
member
Activity: 122
Merit: 20
June 13, 2022, 07:24:50 AM
#1
Apparently, the sideways market broke down not out. Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?
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