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.
As of the moment, the price of Bitcoin for real really dumped its value. And majority of the Bitcoin lovers too are taking the opportunity to buy then hold, this was the real happened so far. Therefore, if ever even its too difficult to believe in, there are still bitcoin enthusiast will certainly buy instead of worrying about the price. ANd aside from that there are other altcoins too in the market in which are also good to hold in the long term.
If bitcoin fell to 8,000, which is highly unlikely, I would forget about the investment and move on to thinking 2-4 years ahead. Everything is very volatile and should not be ruled out. But at this point and with the number of institutional investors, I think that if it fell to those levels it would not take a month to return to 30,000
Agreed to you Sir, only thing is that we don't know when the exact date, time and day will happen. In fact, for now since I have Bitcoin the only choice to apply is really to hold in the long run and never stop holding it.