Post
Topic
Board Bitcoin Discussion
Re: Do you have 1 bitcoin?
by
CryptoBuds
on 15/01/2023, 09:48:15 UTC
Hello friends
Do you currently have at least 1 bitcoin?
Many people sold their bitcoins after quite a big drop,but i am sure there are people who still hodl a large amount of bitcoins
And i always wonder what motivates those people
Faith,hope,unemotional analytics or the ability to see the future? Cheesy
Please,answer only those who really own at least 1 bitcoin
Thank you

I always wanted to own at least one Bitcoin, but unfortunately it has not yet came to fruition, despite the fact that I am active in crypto space for over  4 years now. Though I consistently hold portion of Bitcoin & never sell it in loss, instead. add more Bitcoin in every deep dip. In order to generate passive income, I trade in Bitcoin and keep buying it when its price is lower and book gains by selling it when my trade goes in profit, to cover my daily expenses.

The goal of owning 1 bitcoin is a goal not only for you but for most people on this forum. I believe that as long as everyone works tirelessly and takes advantage of the current bitcoin price drop to accumulate actively, everyone will achieve their goals. I don't think it's too difficult if we really want to do it. I am more fortunate to own more than 1 bitcoin so far, but I still feel inadequate and still actively collect bitcoin in 2023. So I expect 2023 to still be a bearish year for us to take advantage of.

Hope you have success in accumulating more Bitcoin by taking advantage of current bear market, which is still struggling to show some early signs of improvement. It is very difficult to predict Bitcoin price with certainly but CPI report released yesterday, suggests that current money tightening policy of FED is producing desired result, this can result in pause in interest rate increase or less harsh increase in 2023, & it can lead to stabilization in all financial markets, including crypto, in coming months.

Bitcoin rallied because CPI fell as expected, I don't know if accumulators like you are happy or sad to see bitcoin rise in price. But for me, my feelings are not very happy. Because if bitcoin goes up too fast, I won't be able to accumulate bitcoin cheaply, accumulating my bitcoin will be very difficult if bitcoin doesn't drop back. But since we've been in a bear market for so long, it's time to warm things up. I can still buy bitcoin at this price, which is still pretty cheap compared to ATH, but I prefer to buy at a lower price.