As the price of Bitcoin keeps dropping, BTC investors are concerned about risk off and risk on.  Some of them are scared it will drop to zero; however, there are those who have been through the roller coaster ride, confident and they believe that the price will recover for sure.  They claim that they have managed to hold when the price of BTC went from 20K to 3K and on how they sustained their way back up.  It just looks like there are several investors who know how the game of Bitcoin works.

Some of them are only happy about the dip and they are okay if the price will do down to 3K. They believe that selling BTC as the price moves down through 20K, 15k and 10k just to buy back at 3K so that the number of BTC they hold will be increased is only good.

Expectation and price shakes are expected during the announcement of the 2^nd interest rate hike this year.

Lark Davis Shared: Was 39,700 dollars the bottom or is there more pain to come? Bitcoin.

Community Response:  It will hit zero soon.

Do you mind sharing profitable ideas?  And spend more than half of those profits on the electricity bill that comes from the mining equipment.

Should be the bottom, however, there’s no pain, if you’re willing to hold through the dips.

How do you intend to hold for a long period while there is always a need for money? Buy the dips and have other ways of making money.

We all thought that 40k was the bottom but it’s not? is it? That’s a big red flag! Save your cash for the crash buddy. We are not even close to the bottom.

I rode from 20k to 3k. I can do it again and will be there for the ride back up.

Of course, you can, but imagine if you sold at 20k dollars, 15k dollars, 10k dollars, then bought back in at 3k dollars. Instead of having just 1, you would have 7 to 8 Bitcoins. Same in this scenario, why are you clinging on for dear life when you can make that money work for you.

Damn 7 or 8 Bitcoins. You’d be super-elite rich.  More pain, but you already knew that.

Hold BTC. Trade altcoins to accumulate. Max pain for options on the 30th is 50k. I think we move up soon. A wick to 36 isn’t out of the question.

90% of Bitcoin has been mined already. Bitcoin is going to ultimately be a good buy. I am sure your patience will be well-rewarded.

Since when the FED buys crypto? The bottom should be in, it was a technical drop. The panic over the FED tapering and higher interest rates shouldn’t affect crypto. More people are investing every month fixed amounts of their income.

Crypto is the riskiest asset class.  How do you figure?  It shouldn’t be affected when all markets are falling? “Risk on” and “risk-off” are there for a reason.

That’s nothing more than our opinion. The asset class is so new you don’t know what its future is? Sure, I think crypto is around to stay, but in what capacity, no one knows. Doesn’t change the fact it’s still the riskiest investment class, which means it’s the first to fall.

Crypto has become a growing industry employing many people. It reminds me of the 1990s when the internet was becoming something more than just web pages. Sure, it had a bubble burst but look at all the things we do now with that same network.

Exactly, I said it was here to stay.  Just that no one knows to what capacity. That still doesn’t change the fact that it’s the riskiest market, which people flee first during financial uncertainty.

Yeah, I think we agree on its future but not on the level of risk it has on people’s minds today. I’m probably seeing things ahead but I’m pretty sure many opinions will change over time.

I agree that opinions can change over time, but it is still viewed as the riskiest market today and that isn’t my opinion, that’s what anyone with investment comments has to say.

Honest opinion, 24-25k coupled with a big dip in stocks sometime after the announcement of the second interest rate hike this year.

BTC is here to stay well-grounded.