Post
Topic
Board Bitcoin Discussion
Re: The bitcoin price drop is an excellent time to buy bitcoins
by
romero121
on 30/05/2022, 10:46:44 UTC
actually lowering the price of bitcoin is a good time to buy bitcoin but when bitcoin goes down many people don't buy bitcoin for fear of bitcoin price going down again. finally those who dare to take the attitude of buying bitcoins will win in the future.
It's like a cycle, people want prices to go down but when they go down they hesitate and wait again, as a result they never buy until bitcoin returns to ATH and after that they regret it. Things like this we will always see in cryptocurrencies and it's a bit of a joke for me personally to see the same thing every year.
This is out of the fear. For now there is small forward move, and this could trigger the cryptocurrency users to invest for a profit believing in growth. When the market is in continued downtrend without much of progress out of the fluctuation people have a feeling that the price will fall even further. As per different predictions the market is supposed to go low to $25k and before that every opportunity need to be used to book profit.