Post
Topic
Board Speculation
Re: Bitcoin in Freefall, What to Do?
by
carlisle1
on 29/11/2020, 04:56:34 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?
First you are already Wrong of thinking that the Fall will last more than or even the same as 2018.
Bitcoin drops 3k in 1 day but in thee Midnight the value recovered and now almost sitting at %18,000 againd,These scenario is not what Happen in the pick of Bitcoin Bullrunning ''.
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?

down to $ 3000?, are you kidding?, mate is not 2018 anymore or the beginning of a pandemic,
we have entered a new era, where Bitcoin has mass adoption, several large institutions like Google or Paypal are already using crypto currency,
of course more demand a lot and the holder of the institution is also more, we will see the price of Bitcoin fall in terms of volatility.
Sometimes Understanding the Thread carefully will save us from becoming Noob.

What OP says the price of bitcoin Lose $3000 meaning from $19,000 level It fell down to $16,000 level.