The volatility of the cryptocurrency price is a matter of concern. Lot of work in projects should happen for the price of the native token to rise. It cannot be a pump the price event every day. Delivering a useful product takes time. Stressing with prices day in and day out does not help. Sometimes you have to simply HOLD and see how things unfold.
Peter Schiff: If Bitcoin breaks decisively below $30K it seems highly likely that it will crash below $10K. That means anyone who owns Bitcoin now has a very important decision to make. What will you do? You had better decide now so you don’t panic and make a rash spur-of-the-moment decision.
So far, 80% of the 16,000 Bitcoin owners who responded to my poll believe that Bitcoin will fall below $30k. Given the current price of $34.5k, why not sell and buy back after the drop, especially if you can also book a tax loss?
I left out the option of buying the dip. I’ll assume many HODLers will do this until they run out of money. Bad decision.
Community Reaction: It’s now crystal clear that you’re a big bitcoin fan/investor and you’re afraid of losing your money. Stay calm. It will recover.
Because it’s only a possibility. Not a certainty. IF it crashes below $30k, we HODL.
I bought Bitcoin that went from $30 to $3. I bought BTC that went from $1200 to $250. I bought BTC that went from $20k to $3k. I bought BTC at $69k & it’s now worth $34,464. I got mocked all the way and still do today. The lesson? Don’t trade, invest & build your own empire.
I sold made a profit have some left over so regardless of what happens up or down no reason to sell the rest betting with some of the house’s money.
This time is true high chance of BTC following the usual cycle at least for some time. Many price swings in the current market. Sell part and buy back is difficult for all but possible for some.
We are coming from a 20K ATH in 2017 so even a drop to that zone is just a pull back, I don’t sell because bitcoin needs a base holder, that sets us apart from punters who don’t understand the power of bitcoin.
Here the reason… Where is the bottom? where the price reaches an area where the holder base is reluctant to sell. The more Holders, the faster BTC will become scarce on exchanges, and the higher the base price will be.
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