Quote from: bbc.reporter on December 15, 2021, 02:22:08 AM

Quote from: TravelMug on December 15, 2021, 01:46:15 AM

Quote from: kawetsriyanto on December 14, 2021, 10:40:36 PM

Quote from: lizarder on December 14, 2021, 07:48:20 PM

At this time it is suitable to buy bitcoin, considering there is a correction that occurs in a few days, but in conditions like this we can take advantage of short-term investment patterns

I am not sure if it is a good time to buy Bitcoin since there is a rumor that Bitcoin possibly drops to $42k. In my personal opinion, if we want to buy Bitcoin, wait till the Bitcoin drop below $45k. Considering the current price is around $48k, better to keep waiting and learn how the possible market trend in the future. Honestly, I stop buying now, I assume it is too risky buying Bitcoin with the current market condition.

Well if that is the case then bitcoin will be very cheap again.

However, I doubt that it will drop to $42k, the support along the $45k is strong, unless there is really a news that will test the market again to the near $40k'ish level. It's going to be scary, but hey if you are here for the long term then it's a great advantage to see the price very cheap and at a discount.

On the contrary, this is December and history a good month for us to rally and see the price going up.

The news printed by bitcoin news media and the mainstream media only come after the pump or the dump. It is never before the pump or dump occurs. Also, much of the news they publish are clickbait or an altered version of the clickbait.

In any case, the dump might only be another funding reset caused by the whales, similar to what occured on September. I speculate bitcoin’s bubble to burst during the super bowl on February 13 hehehehe.

I think the major trigger for the bitcoin bearish market this December was the massive sell-up by the investors before the Chrismas Holidays. The cryptocurrency market has a strong momentum before the second and third week of December. Once we entered the second week of the month then the market starts crumbling due to the massive sell-up by the investors, they are just cashing out their books and also making prepares for the next year 2022