Post
Topic
Board Economics
Re: Is Bitcoin's price drop to 30K healthy?
by
qwertyup23
on 28/01/2021, 14:47:26 UTC
https://www.fr24news.com/a/2021/01/analysts-say-bitcoin-price-drop-to-30k-was-healthy-and-necessary.html

Analysts say Bitcoin price drop to $ 30K was ‘healthy and necessary’

This is relatively hard to answer but purely basing it on my experience, the drop is healthy as it remains and stays at $30,000.

In this bullish run, the increase on the price of bitcoin has set and has stabilized for the time being. I remember way back in 2018, its price remained consistent around $4,000-$5,000 in a month and it significantly increased on the last quarter of that year. Although basing the price PURELY on history may sound outrageous and without basis, I would still advice to keep your bitcoins for long-term.