Post
Topic
Board Speculation
Re: How far can bitcoin price correction go?
by
Pamadar
on 19/09/2021, 18:33:57 UTC
The El Salvador market is still small so I don't think it will greatly influence the market.
Indeed, with a huge crowd who support Bitcoin, El Salvador is too small to make any huge influenced
and direct the destination of the current market.
On the other note, it is hard to prediction where the bitcoin's price will be in the next 24 hours or in the next few days.
Tough job and there's no proven data that will accurately guide you to predict where the market is heading.
It can go up and down anytime, and one great news, we will see the price shooting in few hours, whereas, if there will be bad news, we can see it plummet for thousands of dollars in few minutes.
This is common inside the market where fomos and fuds are working alongside with the news that the community received from time to time.
So what am I  saying here is that everyone can predict the price but getting it right would be hard.
True. Everyone can give their own prediction, but no one can foreseen the accurate one.
The factors affecting are diverse and we can't pinpoint the major ones that will give us indication of where it is going.
We are just leaning about how we understood the market, after that we are all hoping that our assessment is right to benefits.