Post
Topic
Board Speculation
Re: Bitcoin in Freefall, What to Do?
by
milewilda
on 27/11/2020, 22:57:23 UTC
It is simple, catch the falling coins and have the patience to hold for a few months, the market will recover and i am sure we have not seen the rally everyone is expecting. There were huge institutional investment that rallied the price and what do you think they will be doing, book the profit and then reinvest again and there is nothing to be surprised here.

For the most part I agree with you, but it should be noted that these few months sometimes turn into few years. At least for those investors who entered at levels close to ATH. However, I think that now there is only a small correction, but the trend remains the same.
Lets wait up for  some weeks or for months before we can able to make up some conclusion.We wouldnt know if this one will be the same just like before but as far it goes where
the price did really stop in 17k level and holding strong at the moment.If the trend do still continue then we might be seeing some ATH soon and you do got the point though that
several months presumptions might really be ending up on more years just like on what happened into those investors who do entered the peak in previous year.
So making up decisions neither to stop loss or would completely tend to hold no matter what.