Post
Topic
Board Bitcoin Discussion
Re: Hodl is not the best option as it seems
by
dezoel
on 21/05/2021, 19:18:25 UTC
Bitcoin just fell down to 39k plus per 1, and those that held/bought bitcoin while it was at 50k have no benefit of holding bitcoin at 50k per 1 instead they lost money. lets say those that will buy at 39k per 1 will have more benefits when its spikes again to 50k. So those that enjoyed holding bitcoin at 50k hoping that it will hit another ATH will have to wait for bitcoin to hit another 50k but still got no  profit, while the 39k buyers will profit 11k dollars. My question is why is they no extra profit for early holders when the price falls and rises agian?
People who bought at $50k price are not missing out, there is still opportunity for them, but the thing is that it is going to be taking a long time before they will achieve that. The price will still go up again, but the question is when is it going to happen? It might be another four years when we see the next halving or maybe there will be something that will happen and cause the price to increase again as high as it did now and above that.

The price has been showing the signs of this drop for long now, from the ATH of $60k to around $50k and then down to $40k, and finally it is down to this $30k price. Right now it is below the $39k you have said, around afternoon when I checked the price of Bitcoin was down to $34k and right now it is back up at $37k.