Post
Topic
Board Speculation
Re: People are panic buying right now!
by
ultrloa
on 16/08/2021, 12:01:42 UTC
Right. recently many people are flocking to buy bitcoins when the price continues to soar. Even those who used to think bitcoin was over, are now starting to invest again. Although not buying when the bitcoin price fell to $30k but now you can still buy bitcoin because in the future the bitcoin price will set a new record. Hence bitcoin holders, in the long run, are the winners.

They are buying because they are hoping to earn since they believe the bull run is coming back again and we need to avoid doing this since its really dangerous to get FOMO then buy when market keeps pumping since we never know what will be the ending of it and might we will bag hold since we bought at the top. Yeah I agree although the long term holder is always a winner on this but the question there is does those people who bought at the top can handle the market stress? if yes they might be lucky but if not well to bad for them.