What are you guys currently doing ? Still buying at 65-68k ? Waiting a for a while ?
The price of BTC is decreasing enough because of some news lately.
And I think that this is also a good time to buy some. But I will prefer to suggest you buy based on steps, not all in one rate of BTC itself. You may set a target price of some BTC rates, and the lower buy is around $55k.
Btw, what is your goal? Long-term or short-term investment of Bitcoin itself?
Absolutely.
We have to consider this situation the time to start investing while the price is declining for it someday it pumps back high again.
Well, I'm not getting in surprise to see the current situation coz this was also happening in the previous Christmas season, and as the Holidays comes closer many holders are selling their coins in preparation for the upcoming celebration. I've projected this one and that is why I'm selling some of Bitcoin last week.
And I am going to expect the price of Bitcoin to reach back $50k before the rally starts, probably early next year.
Holiday season pump is something that kind of mindset which cant really be removed on someones mind because we had already experienced it back in the past thats why whenever this season is approaching then people had already some that kind of expectation or anticipating something like on having some price pumps but this market had proven out thats not how it works or behaves
because on previous years it didnt really make out some significant move.
For now being wise and smart is something you should really be thinking off whenever you do make out some buying decision.Dont tend to listen on anyone and
make your own analysis which would be something worth to test on.
Invest on what you could afford to lose which does somewhat give out some convenience and wont really be that stressful.