Post
Topic
Board Bitcoin Discussion
Re: How do you interpret the fluctuation of Bitcoin price ?
by
FireDAOJackie_Z
on 15/03/2023, 02:26:16 UTC
~snip~
Thanks for sharing your thoughts. You have done abundant research and I guess you are not on impulse. The analysis of the everyday news is quite necessary and each of us must learn to have a critical thinking. As the Bitcoin price surges again, more confidence will be built for new investors/traders. I am pretty sure we will witness another ATH. Just be patient.

I think having the mentality of adding more and more to your Bitcoin stash helps.

Because it doesn't matter what price it is today, you're still saving.

It's kind of like investing in a passive index fund, but better, because it's bitcoin

As we have seen now, only a couple of days ago the market was quite volatile and shaky and people were already discussing when we are going to see 17k prices. Despite all the bad news like the banks crashing and bad regulation being proposed by Joe Biden's administration, we have immediately seen a big comeback and even more than that. We just blasted through the 25k and now consolidated around that number. Probably we are not going to see 17k or even prices below that ever. That's a bullish sign to me because when even bad news about regulations and important banks crashing can't push Bitcoin down, then what can?

Too much volatility has not weakened Bitcoin but made it stronger. This is another proof that Bitcoin has endured the market and a huge comeback boosts all investors and traders' confidence again. Friends of mine begin to buy more Bitcoins and i am planning as well. If this is not a big time to invest, I can not think of a good one in no time soon.