Post
Topic
Board Trading Discussion
Re: BTC Price Drop - How are Bitcoin Long-Term Holders Responding?
by
Franctoshi
on 22/11/2022, 10:46:33 UTC
Despite a rise in volatility and massive losses for BTC the long-term holders are positive. It is observed during recent sell-offs and downturns, those who hold for a long time generally remain optimistic and are patiently waiting for the price to rise again. On-chain fundamentals are strong and with the halving set to come in the near future the supply of bitcoin will be restricted and will create further upward price pressure.

What are your thoughts on this? What could be the rise of price by end of 2022?

I'v been here for a while now, Basically have experienced two or three bear markets, So there's no reason to panic over the current market situation, because when you know your destination point it will be a bit hard to easily get distracted by the things you see along the road. Therefore, I'm still holding and waiting patiently till when it's clearly seen that Bitcoin has failed, then that's when I will finally have to loose hope on Bitcoin and definitely would not kill myself because business involves profit and lose.