We are gradually heading to the festive period of the year, we are expected to use some of our bitcoin investments to take care of some personal and family needs. With the current status of the market do you see bitcoin rising up at the end of the year? Kindly give your reasons
I have fiat on ground to take care of family business and responsibilities, I basically see my bitcoin as a long term hold, and even though I trade the long term, unless I see bitcoin doing some pretty good change in trend and there is a possibility of a change in trend downward, I would not sell my bitcoin for anything. Normally, I have never considered selling my bitcoin stash at any point in time now, except that I am using my trading knowledge to just increase the stash for the long run. Therefore, yuletide season or not, I am still doing pretty great without having to get bitcoin involved yet in my spending.
There are only two months left before the year ends. There is no signal of a huge rise yet. We all would like to see a big increse in the price but there is a possiblity of that not hapenning this year.
Well, it is the market, we still have 2 months like you said it, and it is not a new thing to always consider the fact that there is always going to be a breakout somehow, and if it leads upward, there is always the chance that we might get to see the market making some pretty good move upward as a result. which the volatility as we all know tend to increase on breakouts and can start getting to see FOMO kick in all over again, which I would not be surprised to see us go test the previous ATH. However things get to turn out though, we will just have to wait and see how the yuletide season will all be playing out.