Post
Topic
Board Trading Discussion
Re: If Bitcoin drops to $8k
by
GelatikKembar
on 18/06/2022, 05:40:02 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.

Well 8k$ Bitcoin is really a chance for me to accumulate more and more, I don't care how much bottom we have but I will buy it when it's low as possible. I sold my Bitcoin when the price is 40k$ so right now I'm buying at 20k, and 15k prices. So if 8k happens I will prepare my capital and buy it straight away. Don't be afraid because Bitcoin is down more than 50% since it can up more than 5x when the bearish market ended
I don't know if it will happen or not but for now the price of Bitcoin is still around $ 20k,
maybe with conditions like this we can buy it gradually because after all it's better to take advantage of every opportunity well,
but again it depends because everyone has their own decision