Post
Topic
Board Speculation
Re: What is your take on the pump coming?
by
savetheFORUM
on 31/05/2023, 20:22:45 UTC
I hope the price of Bitcoin will soon reach $ 50k or 2x from the current price, the most expensive price I bought is around $ 56k and if selling at the current price of course I loses, I have also sold around 40% Bitcoin at $ 34k because I really need money , now I will hold and buy more before the pump occurs this year.
That is the reason why it is not good to buy Bitcoin or any cryptocurrency with the money that you might need anytime soon because the market is always unpredictable and you never know if the target you are aiming for will be reached quickly or if it will take time because if the target isn't hit on time that you expected, you will probably need to face losses as you will have to sell if you need to the money.

About the price doubling, it might not really happen this year because the price isn't gaining much momentum at the moment, and even if it does, it will barely go around $40k and it will dip again and it will definitely take some time for it to go around $50k, so it might happen next year.