Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Strong Hands Are Buying
by
hZti
on 28/11/2022, 17:29:14 UTC
⭐ Merited by JayJuanGee (1)
Buying cryptocurrency now it's something that is will be profitable in future because and the price is low and you purchase cryptocurrency nothing will make risotto rice in next one year. So those people who is buying cryptocurrency now is in the rightful position because of it's increment. I believe that cryptocurrency is good to be invested for because of the possible opportunity of the increment. So believe

Funny (or would we label it as strange?) that you (minime0105) did not use the word bitcoin at any one point in your post, so it is not easy to know what you are talking about buying.

I would stay the fuck away from buying crypto that seems like a dumbass and vague idea of any kind of thing to think about buying (the reason that the term crypto is associated with shitcoin is because they are crap including some smoke and mirror bullshit like ethereum that could get rug pulled at any moment as well), but buying bitcoin seems like a good idea for anyone who has money during these seemingly dippening times.

Right now, bitcoin's 200-week moving average is approaching $22,900 and it is continuing to move slowly upwards, and historically the BTC price has tended to not be at or below the 200-week moving average for very long periods.  So we are getting close to two months of the BTC's spot price being being below (or around) the 200-week moving average.

There are many indicators that people use to tell you why bitcoin will go to an ATH soon. Still in reality it all comes down to supply and demand. There are constantly new people in crypto and if prices go down you can get more crypto for the same price. So at some point there is more money than bitcoin and prices will go up. We just have to be patient and wait.