Quote from: justdimin on Today at 09:08:15 PM

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 ...

First of I think the highest price of bitcoin in the year 2017 is only 18 to 19k, not 20k while on this year, we are not sure yet if we will end this year with a price of 20k or not because there are still some months left and there's always a chance for the BTC price to change. In the event the price didn't recovers a lot, then what can we do?

You can always expect that each new year, BTC will also reach a new ATH. That's wrong as that's not how this market works but there are two cycles here which needs to be followed. The bear and bulls can occur at a random time I believe. That is why. BTC may lost its momentum for a while but it surely can come back much stronger next time so no, hodling and buying BTC is not pointless.

Many people are tired of facing the bear market that happened this year, that's why they think Bitcoin will never recover and think holding
Bitcoin is pointless. I'm sure the OP said that because he doesn't understand how Bitcoin works, but this is how Bitcoin moves, we can't expect
Bitcoin to be bullish continuously. Bitcoin will indeed experience a bearish trend and we must be patient with it, because only a patient person
can make a profit from Bitcoin.

If we learn from the bear market in 2018, which I think is worse than what happened this year. Even I still remember a lot of people who think
Bitcoin will die when the bear market in 2018. The reality is people who believe in the future of Bitcoin and collect Bitcoin in 2018, then hold Bitcoin
until 2021, they can make big profits. We should be able to learn from the history of Bitcoin movement, never doubt the future of Bitcoin.
Holding Bitcoin at least until 2025, I believe we can make huge profits and no longer consider Bitcoin holding pointless.