Post
Topic
Board Economics
Re: Our Dear Bitcoin and its price movement.
by
adzino
on 21/09/2021, 21:39:59 UTC
What have you noticed lately about the price fluctuation of our dear bitcoin?
Something tells me it is a good time to buy, preferably *stock it* depending
on the trading style you choose, as there has been an impromptu decline in
the rate and monetary value.
Though I'm optimistic that a reversal, upward trend awaits the bitcoin price
and I see it going to a 52-55k upward trend when this happens.
Let's see what it has to offer us in its next movement.
What have I noticed? The same thing that I have been noticing for the past few years. The price is volatile. Once the price starts to go up, it becomes stable for a while and then we see the price fall back (correction). The cycle keeps on repeating. This is nothing new. You don't always have to buy when the price starts to fall. You can buy anytime. You can even buy when the price starts to go up. You don't have to wait for a "reversal". As long as you are planning to hold for a long term and do not sell when the price drops, then you will be fine.