Re: Bitcoin 2017 : 20,000$ - Bitcoin 2022 : 20,000$

Quote from: MikeRpod on July 26, 2022, 07:53:32 PM

Quote from: Charles-Tim on July 26, 2022, 07:35:09 PM

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.

Quote from: MikeRpod on July 26, 2022, 07:23:21 PM

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

I would agree on that, but bitcoin also evolved its narrative right?

I mean government are investing, institutional money is slowing. My point is that we are still very young and this numbers are not etch in stone. Sooner or later the pattern is going to break. And it just so happen that this is the first time that we have reach the previous all time high. Even having 9 successive weeks in red candle as well is a first this year.

It's your call if you want to go with Ethereum rather than Bitcoin. Best of luck in your decision.