Post
Topic
Board Trading Discussion
Re: BTC Price Drop - How are Bitcoin Long-Term Holders Responding?
by
Ratimov
on 18/11/2022, 23:44:40 UTC
What are your thoughts on this? What could be the rise of price by end of 2022?

Long-term investors are always optimistic because they understand that bitcoin will cost more in the future and there is no point in selling bitcoin now. The accumulation continues as the market gave a chance to buy bitcoins at an even better price than it was 2-3 months ago. Market tourists and short-term holders are, of course, more likely to panic because their strategies and their vision of the market do not involve being in unrealized losses for a long time. Therefore, they sell to free up their liquidity and enter the asset at a more attractive price. As for the rise in the price of bitcoin by the end of the year, it all depends on the state of the entire crypto ecosystem. We don't know exactly how many other funds or exchanges have balance problems, so the bomb could go off at any moment. What you definitely shouldn’t expect from Bitcoin this year is a rise above $30,000.