Post
Topic
Board Trading Discussion
Re: What you'll do when BTC price will go down heavily and fast?
by
bitgolden
on 12/02/2021, 18:10:37 UTC
We are appreciating blockchain technology and its applications just because we are investors, we are users and we are compelled to trust the product we are tracking, the fact is that most people don't look down on bitcoin or blockchain technology, they just don't believe in the profits it can bring, I've never believed it either but I like to follow the trends of the crowd. And when bitcoin falls, at least I'll wait for a market trend to manifest, being hasty to invest and hold will make us lose more profit.
I can't say that price could drop too much at this point, of course there could be a lot of drops if things go sour but I believe it is not going to happen anytime soon, it looks decent to me honestly. However buying right now part is the one that I am hanged up the most, you think making "hesty decision" would be buying bitcoin and that is not really the correct thing to say right now. Think about it this way, when it was 20k dollars and was trying to break over the ATH and go over 20k+ there were a lot of people who said "it is too high right now, it is not smart to go in now that it is so high" and the price did x2.5 more after that.

So, I do not agree that there is a wrong time to buy bitcoin, there is only time where you buy bitcoin and make profit slower than others, sometimes some people buy bitcoin and make profit in a day, some people buy and wait for years, but in the end you can't be wrong to buy bitcoin at any time.