Quote from: Nrcewker on Today at 01:06:57 PM

Quote from: jinmioluwaseyi on October 29, 2022, 12:38:32 PM

Can bitcoin go down to 10k$ this year. The fluctuation of the crypto space now is dragging the coin, and I think is still going down more before it can regain it strength. So can it still go down or rise back to 60k$ this year? Let discuss

Bitcoins follow the policy of supply and demand. Bitcoins are fixed in supply, so if the demand for the coin increases, then definitely the price will rise and vice versa. So if here the demand falls down then only the price will fall down. Currently seeing the Bitcoins marketcap, its really hard to say whether BTC will come down or not. Rather very soon bear market will be over, so Bitcoin along with other coins will definitely push up. So buy as many coins as you can in this current price and enjoy profits later.

I could say that looking at how it failed to go down so far, I am guessing that it will continue to fall down for a while as well. It's a lot better if we could just end up with something that would make sense if we are looking for just short term, that means if you could care about the volatility and not being sure about everything else and then be worried about it all the time.

However, if you are looking at long term and want to hold it until you are old, then who cares what's going to happen next month? It's not really something that matters and you shouldn't be worried about it. I know it's a very risky subject to put your money somewhere for that long, but it's at least less risky.