Quote from: Kemarit on June 05, 2022, 02:43:28 AM

Quote from: lixer on May 31, 2022, 08:21:44 PM

Quote from: virasog on May 30, 2022, 06:47:10 PM

No one among us wants to see bitcoin at these prices but how often we have seen the market surprises us.

The range of 24-27K is not out of the question, even though bitcoin has gone above 30K once again. I feel that in normal circumstances bitcoin should move up from these ranges but in case of any bad news (Like a prolonged war between Ukraine and Russia, bitcoin can again test these 20ish levels.

There are some people who see 38-41k period and see the 28k-31k period as the same and worry that the price could go down because of this. I believe that it will not be like that and I believe that we are going to end up with a high price, but unfortunately not everyone feels the same way.

I know that we are going to go up, and feel like it is just about time, we could reach to like 40k+ at least within the next 3 months give or take, and that is a good return if you invest right now. Hopefully people will not be too late and everyone joins in before it goes up too much and they miss out. In the end, people who take the risk and invest when its low, will be the ones who will profit when it's high.

I'm not sure about the bounce to $40,000 in the next 3 months mate, I think that is short amount of time to really see the price rally from <$30,000 currently to highs of $40,000. It's simply hard assuming that we are in a bear market already.

Yes, it's a risky investment right now, but we should be aiming for a long term in this bear market. Try to accumulate as many as you can. I know it's going to be tough mentally, but this what separates a wise investors to newbies. Bear market is the right time to re-invest.

Of course, every crypto investment is risky, but bitcoin though is relatively not like that as compare to let's say altcoin markets.

Just like what we've seen in the last 24 hours, the price suddenly went down below $30k again after almost hitting $32k. But then again, we've made a bounce and recovery to $31k. So it's very volatile and the best thing so that we should not worry about this fluctuations is to HODL.