Home Bitcoin News Now Will be Looked Back as the Best of Times to Buy Bitcoin (BTC)

Now Will be Looked Back as the Best of Times to Buy Bitcoin (BTC)

Now Will be Looked Back as the Best of Times to Buy Bitcoin (BTC)

Market dynamism should help determine whether to trade or not.  For those who are new, the current lows in the market can be scary; however, the cryptocurrency space has seen far worse times than this.  Enlightened traders continue to make good use of the dip and pump even acquiring more equities towards trading sessions.

Those who trade believe it is more profitable to trade than hold. Things change on daily basis and what one should do is to trade responsibly when trading.  All it takes to make profits is to keep track of the markets and to re-evaluate the strategies than to hope the price of the crypto will go to moon.  Investors should know how long to hold and how to take advantage of the ups and downs and how to make profits.  A level-headed approach to news and the markets, and one would not bother about the bullish and bearish markets anymore.  Taking bold steps to reach profitable goals can mean buying the dip and cashing out when the price goes high.

Apparently, both bull and bear market conditions provide equal avenue to accrue massive gains. It is all about not leaving the portfolio stagnant for months.

A bit on why Bitcoin Could Drop More by Dylan LeClair, when Antonio Pompliano asked, do you anticipate that the realized price could make a massive downturn? A type of moving average? Is there a world where we could see it materially good? The price of bitcoin is not trading below the realized price? Can it actually go down like that? Or is it less likely that the market dynamics did not help us calculate it?

The price goes up or down based on whether coins are being spent. The spend of crypto can be at a profit or loss.  Transfer coins to cold storage or multi-sig wallet.  The realized price could go down 20% or even 25% as in previous times. If we see a lot of higher buys.  We have seen people bought at 60,000; 50,000; and 40,000.  In lot of these cases, the realized price can still go lower.

Those who are in for the long haul and has not been a forced seller is kind of in it for the long haul will know that the cost fallacy of that my average buy is under water and I am just going to write it off.  This is not funny enough.

In terms of sentiment and historic levels of down only – we are there, we see it. It certainly doesn’t mean that more down-side can happen. I mean everybody needs to be prepared for it mentally, but in the long-term this is going to be looked back on as one of the best times to buy Bitcoin and that will be in the next 3 to 6 months.

 

Read more about:
Share on

Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

Crypto newsletter

Get the latest Crypto & Blockchain News in your inbox.

By clicking Subscribe, you agree to our Privacy Policy.