Post
Topic
Board Speculation
Re: Bitcoin in Freefall, What to Do?
by
thecodebear
on 28/11/2020, 18:42:19 UTC
So bitcoin is down $3,000 today and it seems to be getting worse.  Do you think this will be like 2018 again when it went to $18,000 then tanked and went to as low as $5,000 in the next year or so?  What would you do in a situation like this now or in the future?


If you have cash sitting on the side you should be buying this correction. That is the only smart thing to do. No this is not 2018, this is the next market cycle, $18k/$19k/$20k is nothing for this market cycle. The main part of the bull run hasn't even begun yet. OP, check out a long term bitcoin chart sometime, you'll notice that bitcoin grows exponentially each market cycle, it doesn't just go up to the old peak and then crash again, if it did Bitcoin would still be at like $20 haha