Post
Topic
Board Bitcoin Discussion
Re: Strong Hands Are Buying
by
wmaurik
on 13/12/2022, 18:04:30 UTC
The more bitcoins available, the easier it is for people to buy. The lower the price, the easier it is to get it especially for The strong hands.
Increasing supply of Bitcoin in the market will indeed make it easier for everyone to buy it, especially if the price is still low. But if there is more demand in the market it will greatly affect the increase in the price of Bitcoin itself. Because an increase in price can be caused by two things in the market, firstly because there are not enough sellers and secondly because there are many requests at higher prices so that price changes can occur so quickly.

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The question is whether this will increase the level of resistance higher for each dump, especially during the current period which is very vulnerable to correction??
Resistance will occur when there are more buyers in the market or when there is an increasing amount of demand in the market for Bitcoin. Because with this, corrections or dumps will slowly disappear due to resistance from more buyers.