Quote from: Franctoshi on Today at 02:11:02 PM

Quote from: Zilon on May 28, 2022, 05:28:06 AM

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.

or will you choose to sell off all your bitcoin due to FUD.

Definitely, That would be the time I will go all in to buy Bitcoin if that eventually does happen, because it means the biggest opportunity to me, since I missed the $3500 -$4000 corona dump.

True. The market will give you a chance but it is your responsibility to catch it at the right time. When Bitcoin was dumped during Corona, some people were still waiting for Bitcoin to be dumped more. But their hopes were not fulfilled as you missed that chance. The current situation in the market suggests that the market is giving us an opportunity to take a long-term position. No one can say where the next bottom is, so you have to take a position depending on the market conditions as experienced traders do.