Quote from: DanWalker on Today at 04:00:37 PM

Quote from: Sunrise360 on August 14, 2022, 07:41:27 PM

I observed several changes in the price within a few months. With these changes, I wish to ask do you think the price of Bitcoin will ever hit $40k again?
I'm just being curious as a new trader.

Take a look at the previous charts of bitcoin, bitcoin fell and rose afterward, and it will hit a new ATH. It's a cycle that always repeats itself. The only thing that we cannot predict exactly is when it will happen, we can only be sure that it will happen in the future.

If you are a trader and you are waiting for bitcoin to hit $40k again then you should buy and hold bitcoin for yourself at this point. It is the best time to buy if your target is 40k$ then you will receive a twofold return. Invest and hold, and bitcoin will come and pick you up.

I also agree with that principle. If you believe that the value will rise back, the timing is perfect from the current price. You can buy and hold and keep adding more once you see more dump that takes place. There's no accurate time, but if you are a believer, each fall is a good opportunity to buy more. Experienced traders who love to take the long-term investment will not be worried about the situation. Instead, they will take it as a good edge.

Every shake will leave weak holders to lose lots of money, try not to be that kind of investors, be smart and play well with the market.