Post
Topic
Board Bitcoin Discussion
Re: This is the last chance to exchange stablecoins for Bitcoin
by
Bitcoin_people
on 29/03/2023, 01:16:52 UTC
I think there is no point in leaving stablecoins in wallet unnecessarily. This stablecoin is worth investing in if the market analysis of bitcoin goes from bull market to bear market. and I think stablecoins hold for a long time and no profit is better than buying bitcoins and leaving them in wallets. And after a long period of time Bitcoin will definitely yield good quality profits.

The price of Bitcoin often stayed between 22k and 25k for a long time.  But since then the price has been much lower.  Nowadays many people are afraid to invest.  Bitcoin market is down now so now is the right time to convert stubble Stable coins to bitcoins.  Bitcoin price is now at $20,404 and Bitcoin price is likely to move lower.


Reasons for the current cryptocurrency market downturn: The closure of the US Silicon Valley Bank (SVB) caused Bitcoin prices to fall overnight.  SVB, the US lender to startups, announced on Wednesday that it will sell shares worth $225 million to strengthen its balance sheet.  One of their announcements spread among the bank's victimized customers and created panic among customers and investors.  Then as the share price drops by more than half, customers are more likely to withdraw their money.  Due to this, the Silicon Valley Bank (SVB) bank was closed.



I had a small amount of stubble Stable coins that I turned into bitcoins.  This is the last chance that Bitcoin price will continue to improve in the future.  If everyone takes advantage of this opportunity, the chances of Bitcoin price going up are very high.

I noticed that when the Bitcoin market went from $22k to $25k just a few days after the market filled the dumping happened. And then the price of Bitcoin dropped to $20k+ at that time a lot of people invested in Bitcoin. Shortly after that the Bitcoin market started a bull market and the price of Bitcoin reached $28k+. Those who invested during bear markets reaped animal profits. and with the current market position, the price of Bitcoin, I think there is very little chance of the market going down. Rather, the market is gradually moving upwards, surely the market will reach the high level very soon. Therefore, even if you invest according to your position in the market at present, there is a possibility of profit in the future. Of course it is better for me to invest in bitcoins and hold them for a long time, I think it would be wiser to invest in bitcoins rather than in stablecoin wallets.