Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a safe haven?
by
Shasha80
on 16/08/2021, 23:23:47 UTC
To be honest, after Elon Musk withdrew a significant part of bitcoin from his turnover, and then bitcoin crashed, I really started to worry about my bills.
Why you should be worried? The impact lasts in a short time, maybe around a few weeks. After that, the Bitcoin price will be increasing again. It is normal if there are FUDs or more supply in the market, the price tends to drop a moment. But it won't last a long time (not for years), then the price will increase again gradually. Moreover, if there is positive news about Bitcoin, the price will increase easily.


It's true, don't worry too much about the circulating FUD, because the effect won't last long. Moreover, if we study Bitcoin correctly, we will understand
that Bitcoin always recovers quickly when it experiences a price decline. It is evident that now the Bitcoin price is slowly starting to rise again,
after being below $40k for a long time. The most important thing when investing in Bitcoin is to control our emotions to be more patient to wait
for the Bitcoin price to rise. Bitcoin is indeed a promising asset and can give us the opportunity to become rich, but it cannot be achieved instantly.