Post
Topic
Board Speculation
Re: Is bitcoin bear market over?
by
Mpamaegbu
on 30/08/2022, 10:29:36 UTC
so many people that sold the bottom in the comments, so many that sold and thought btc will hit 10k. wonder what they going to do when btc hits new all-time highs, without reaching 10k.
now it is near 24,000, so it is the time to buy.
That's the danger in trying to short Bitcoin with the hope to buy in later and then discover that you can't get that opportunity again. At every point Bitcoin dips, investors take it to mean it has discovered a bottom but if it dips further they quickly tun into conclusion that it could dip more and many would see it as a right time to sell off and then wait for a later dip to buy back. You see, just like life is full of surprises; that's how this crypto industry is full of inevitabilities too. No one truly has a complete handle on it. It's as speculative as it can be. Those who sold off only have themselves to blame or buy at a higher price than they sold.