Post
Topic
Board Speculation
Re: BITCOIN BULL MAY BE IN TROUBLE
by
Ndabagi01
on 11/05/2023, 21:12:37 UTC
Some people think that in the short term, the price could still go up and down a lot because of different things like the economy and what people think. It's hard to know for sure what will happen, so people who want to invest in Bitcoin should be careful and think about the risks and rewards before doing anything because the Bull market may be in trouble.BTC

The recent downtrend in bitcoin volatility is not cause for concern because it is not the first time this has occurred. And the downtrend we are experiencing currently won’t affect the bull run that’ll be coming up maybe next year. The risk and reward in bitcoin is a risk, and every investor must have known and accepted that fact before the invested.

My only concern for now is the transaction fees. This problem could scare away a lot of Bitcoin investors and users especially the people who are using it in a day-to-day basis, weekly, or monthly for their employees' wage and other stuff.

When viewed in cumulatively, the increase in bitcoin transaction fees is very worrying and disappointing, as it has its own side effect that will certainly damage the adoption of bitcoin more. If a long-term solution is found quickly, it will be great for bitcoin because many people only have confidence and believe in bitcoin amongst other cryptocurrencies.