Post
Topic
Board Trading Discussion
Re: If Bitcoin drops to $8k
by
ven7net
on 15/06/2022, 15:47:30 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.

For me personally, this situation is difficult, as it puts me in front of a choice either to sell BTC and get at least some funds, or just wait for the next growth. If the price of BTC falls to $8,000, then this will of course provoke some of the holders to sell BTC, since there will be a lower probability of a price drop, on the other hand, this will be a good opportunity for investors to enter the market and increase their amount of BTC at a very attractive price. So I think that everyone will act according to the situation.