Quote from: teosanru on Today at 06:26:01 PM

Quote from: Elena_Rodriguez on November 18, 2022, 07:22:24 AM

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 think there is no reason at all why you shouldn't be optimistic here, every time this type of phase comes in crypto it's generally always followed by a price rally towards north with greater power and greater highs, and at that time most people regret not buying it earlier when the price was low. Talking about fundamentals, at this point in time even the on chain fundamentals would look weak to you, but only thing that has still put me in-game is that there is a lot of potential to grow for bitcoin as there is still a lot of retail folks which are yet to adopt bitcoin in their investment portfolio or as a medium of exchange.

People should really be at least having those kind of anticipation yet considering that this market cant really be bearish forever on which there would really comes a time where it would really be having a good run.

About on those long term holders then it wont really be that much of an issue into holding their position yet they do know on what are the ups and downs of this market which simply means that they are already
getting used to it and instead of freaking out on the time that the market would dip on then they do rather accumulate as much as they could considering that they've been pretty aware
on how things do behave.For those who are just newbie holders or who had just recently been accumulating then reactions and impressions of something they do mind off of selling on panic
is really just that pretty common.