Post
Topic
Board Speculation
Re: Bitcoin 2017 : 20,000$ - Bitcoin 2022 : 20,000$
by
posi
on 26/07/2022, 22:36:42 UTC
You can try to use DCA for bitcoin investment. People that buy bitcoin now will reap the profit but it could take some months after the next halving for a significant bull run.

This period is just like 2018 when the whole year was not favoring bitcoin and cryptocurrencies in general, so this bear market has never been a surprise for people that know about bitcoin price history.

Bitcoin has dropped significantly, holding some amount of bitcoin now will be profitable in long term.

Think Bitcoin has lost its bullish momentum? It feels like now continuing to hold BTC is pointless ...
You should not expect the price of bitcoin to always increase, a bear market is an hope for people that have not invested before to be able to invest at low price.

I don't know... I've been accumulating BTC since 2016 but this is the first time I've noticed this loss of momentum (loss of MA200 and breakout of the previous ATH), it never happened before like this. I have a feeling that BTC will not drive the market for much longer, but that's just my opinion. Personally I will start to accumulate more ETH than BTC in the future
This means you have been in the market for 6 years. you are someone with enough experience with the market and you are starting to lose faith in bitcoin. If you've been accumulating bitcoins since 2016, I think you've made a profit, so if you don't believe bitcoins will explode in the future, you can sell them now and leave the market.

It seems a bit strange to me to see you say that you lose faith in bitcoin but trust in eth. I myself still choose to keep btc over eth, what will happen to eth if btc doesn't grow?.