Post
Topic
Board Trading Discussion
Re: If Bitcoin drops to $8k
by
pawanjain
on 10/06/2022, 07:53:49 UTC
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.

❌ - Sell at a loss
✔ - Buy the dip

If at all bitcoin goes to $8k then there are two things I would do.
1. I will not sell my bitcoin below $50k
2. I will buy more BTC to accumulate more coins at cheaper price.

I already have some spare fiat money for this as I had already planned to buy more if a huge dump occurs.