Post
Topic
Board Speculation
Re: The Halvings impact on Bitcoins price
by
ethereumhunter
on 22/05/2020, 14:10:04 UTC
It's interesting because the bitcoin price now is going down. It seems the price cannot stay at a price now. I am waiting a good moment to buy more bitcoin at below than $9k if the price goes down into that price. But I hope that the price will not go down $9k because that can make people become panic, and that can make the price will go down deeper.

I get your point, but going down to $9k or even $8,5k yes, it is a big drop in terms on BTC price in short period of time, but it's not a level to cause a panic from people and bigger sellout. I think $8k level is more important.
Don't worry some correction is healthy in a bigger scale picture of BTCUSD price.

Bitcoin already reaches below than $9k, but now the price is going to strong so we can hope that the price can go up again. Even though the price still can go down, but we should be an optimist to see the bitcoin price will reach the highest price again someday. If the price is still at a price now, I think we don't have to regret because we have more chance to buy bitcoin at a price now so we can sell at the higher price when the price increase.