Quote from: fzkto on October 21, 2022, 01:49:39 PM

Quote from: Fredomago on October 20, 2022, 03:18:15 PM

Quote from: fzkto on October 12, 2022, 12:53:19 PM

Quote from: execijutiere on October 09, 2022, 01:49:29 PM

I will not start buying until I see $ 13,000. That's why I'm still in the waiting phase. I think we will see a new bottom. I think we can buy from here, but I think why should I buy high and lose the goods I buy. That's why patience and time are the most important concepts in this market. If you don't know how to be patient, you lose.

But you could be wrong, and your patience may prevent you from buying now, for example. 13k for bitcoin could certainly happen, but I think that figure is taken at random. Judging from the past highs, the bottom might have been there already, just at the last high and bitcoin is also at the bottom now. Every time I remember the story of 2020 when everyone was waiting for bitcoin at 1k, but the train left quickly.

That's the risk if you are waiting for a certain amount, though it's also possible that we may see Bitcoin to that level in case the economy won't be able to recover, there are factors that it can keep the market to fall as investors will secure their money and will not hold much longer, in a situation like this where the market direction is uncertain and we do have a global issue with the economy,

We might see more downfall, but for sure there's bounce back that will bring the market back on top and a possible to see new ATH in coming future.

It seems to me that if there are still those investors who haven't sold their coins at this bearish season, it makes no sense for them to sell now. The best strategy for them would be to hold their coins. Most likely the weak hands have already left this market and the most patient ones are left. As for the bad state of the economy, I agree with you, but then again, probably the worst period is behind us.

Upcoming event could test those patient ones nerve as there are more bad news on the way. Next CPI data release in december could trigger it. Also many people will be force to sell some of their holdings to pay of their yearly expenses. Some political tension like tactical nuclear attack on ukraine could spread panic in the market. Overall situation is not very friendly for BTC.