Post
Topic
Board Trading Discussion
Re: What the heck is happening to bitcoin!
by
Kasabus
on 11/09/2020, 20:26:19 UTC
Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?

Bitcoin cannot constantly grow in price. What we are seeing now is really a correction, but no one can say exactly how deep it will be. All of us are waiting for the price above $12000, just as at the level of 9000 we were waiting for the price to break 10200. You need to stock up on popcorn so that the expectations are not so boring)
Well if you are a long time hodler, you won't get surprised or shocked with its current price dropdown. Bitcoin won't always stay on top, so it will surely go down its price and then up again. If this is just a correction, then this will not happen for long. Price will surely rise up again and those who have keep hodling bitcoin with patience and confidence will eventually make huge gains in the long run.