Post
Topic
Board Beginners & Help
Re: Too risky to leave BTC right now
by
Kelvinid
on 20/10/2022, 09:28:03 UTC
It's way too risky to be out of bitcoin right now because people are calling for 10,000$ per Bitcoin before they will start buying,  it sounds like when people are calling for 100,000$ per BTC months ago and the opposite happened, now people are calling for 10k again, the opposite might happen again, the best way to deal with this is start buying BTC every week, maybe on Mondays? This way you will feel better.....remember, when people are calling for the exact same thing the opposite always happens.

Do not sit back and do nothing
You may be right and at the same time, you may be wrong, even though people are calling for a $10,000 price that does not translate into an uptrend price. The opposite doesn't always happen in most cases but again in some cases, it may happen.
But when it comes to Bitcoin price speculation we should always try to bring in some data analysis before arriving at any conclusions, but all I see with this kind of statement, are just predictions and nothing else.
I'd say he is wrong, he is just listening to the call of others but never checking the market. What OP does is just a sort of baseless market assumption and it obviously far from the possible trend to happen. In fact, people are not calling for a huge drop but for the pump and ATH, looking forward to seeing Bitcoin reaching $100,000 is what they aim for. And I'm not sure where OP get this...
Quote
when people are calling for the exact same thing the opposite always happens.