Quote from: MiF on Today at 09:39:35 PM

Quote from: Zilon on May 28, 2022, 05:28:06 AM

Lets assume Guggenheim's Minerd speculation on bitcoin having an ultimate bottom of $8k if it hits $30k referencing the "[U.S. Federal Reserve] being restrictive.”, Currently bitcoin price is below $28k and from the look of things this speculation might and might not be accurate but what if bitcoin price falls to this very dip.

I am asking what will you sell to buy more bitcoin if this speculation ever happens or will you choose to sell off all your bitcoin due to FUD.

You will only get loss if you sell at loss,so the best dicision is to hold and wait for the another bullish season, i think if btc drop down to 8k$ we need to be calm and stop looking on our investment portfolio and to have peace of mind we need to think about the last ATH which reach up to 60k$. Most of the new investors loss because they do panic selling when the price drop 90% without knowing the fact that if we buy some more big earnings will come when bullish season start again.

You wont loss nothing if you dont sell and that should really be the thing in mind because if you do freak out whenever the price declines then you would
really be ending up with this situation.

If bitcoin would drop to 8k then its a good opportunity for you to get in or accumulate cheap coins because these times arent something that very common or
usually happen which means that its a good time to get in.

Dont expect for some bullrun or recovery afterwards because you cant assure that everything would be happening in the future
but there's always the chance.