Post
Topic
Board Trading Discussion
Re: If Bitcoin drops to $8k
by
pawanjain
on 07/07/2022, 16:07:10 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.

That would definitely be a buy signal because "buy the rumor" "buy the dip".
I wouldn't sell anything to buy bitcoin but may be I would close my fixed deposit to buy more bitcoin.
May be if I have enough spare cash then I would use that money to buy bitcoin.
As long as we are using the opportunity to buy the dip I am good.