Post
Topic
Board Speculation
Re: Purchased at $23,500, when should I start to panic? When should I average down?
by
Republikcoin.com
on 08/10/2022, 01:07:41 UTC
Market conditions have improved several times since the price dropped $18K. The increase is not very high, only a price change of $2k, or with a price increase of $20k, then you can already make a profit. But if you just leave Bitcoin in your wallet, of course to get back $23k, it will have to wait a long time. Because the current market conditions are bearish.
And if you're just waiting for the price to recover to $23K I don't think it's too far away for Bitcoin to reach even though these price levels have been rare lately. But to wait for that level to come again in Bitcoin I don't think it will be too long if the next increase can occur from $20K. And for the matter of waiting long or not, it also depends on the increase in prices in the market. Because the longer it went on, obviously the longer one would have to wait for it.