Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Strong Hands Are Buying
by
KaliLinux
on 02/07/2022, 09:18:44 UTC
⭐ Merited by JayJuanGee (1)
We can't know i the next few months it could go lower, I wouldn't rule it out, but we are definitely in a clear buy zone if you plan to hold bitcoin for the long term.
We do not even know if the price by the end of this year will be lesser than $15000, bear market can last like that of 2018 that started in January and lasted long all through the year, that is just it. I understand that it is a buying zone, because people that buy now and hold for like 3 years will make significant profit even if the price of bitcoin still decreases further this time. I agree with this.
I agree. I still like to look at this Bitcoin Rainbow price chat to see how accurate the market will follow through. We can see that it is indicating that the market is in the "Basically a Fire Sale" stage and from history, how many times has Bitcoin price fell below the blue zone if it has ever.

Even "IF" the market will fall further, I don't think it will be worse than what we have already seen from the ATH meaning, we might just be trading sideways for some months, years but as you said, I too believe these are the buying zone for the Long HODL.