Quote from: CryptSafe on June 16, 2023, 02:45:41 PM

Quote from: m2017 on June 16, 2023, 07:21:25 AM

Quote from: Asuspawer09 on June 15, 2023, 10:41:34 PM

Quote from: FiveG on May 21, 2023, 06:51:55 PM

This market is not favourable since 2021 till now like as of last two years that was a boom let's face the fact about, bitcoin price has drastically reduced the number of buyers overtime, even most of you that have it before aren't buying more bitcoin recently because of the waving price dilemma. Think of it this way, if you sleep by 8pm and wake up by 5am to discover that bitcoin rise up to $50k, will is you said is scam? Or will you regret for not buying again? Believe me it will shock many people how the bull will react. Keep buying if trust bitcoin

I can see a lot of people still buying Bitcoin even at this moment even if the market price drop a big percentage, I mean when the market price drop there are a lot more opportunity to invest in Bitcoin and more people have a chance to buy Bitcoin that they can sell in the future for a lot higher profit, Its really difficult to hold Bitcoin especially if you see the market drop a lot of percentage and that's where a lot of investors start to sell their Bitcoin. Probably because of a lot of bad news and articles online about Bitcoin and cryptocurrency that really affect the market.

But still, I still can't see people who will stop buying Bitcoin, There is always a cycle in the market probably at this moment there are only a few investors that are willing to risks because of the low market price. This is the opportunity to buy since the market price is low sure when they see the market price continue to increase a lot of people and investors will want a piece of Bitcoin on Bullrun.

If a lot of people were buying bitcoin now, we would definitely see it on the price change chart. But what is happening now suggests that there are still more people selling bitcoin, which is why the rate has fallen. There is a kind of panic effect here. The more the price falls, the more willing to sell btc. Because the fear of a further fall forces to do so. On the bullrun it will be the other way around. The more the price rises, the more people will invest in bitcoin. This will work until a certain point. This is a well-known paradox of any markets, be it the cryptomarket or the stock market. You don't have to follow the crowd, you have to go against the market. And no matter how much cheaper bitcoin is, there will always be buyers, thanks to whom the lower price bar of btc is kept. So, the question, are you still buying, remains relevant until now. Because now is not a bad time to do so.

This is absolutely the right time to buy more. The weak hands are leaving, dumping for the whales to take charge of the bitcoin market. I wonder if they are aware of the halving around the corner and if they were wise and smart, they could hold no matter the market pressure but we are not I their minds neither do we know what they are up to but I believe still at low now, it could pump back to a new atl at any moment as no one has the final autonomy of bitcoin price and movement.

I feel the major reason why some folks are actually selling is because they think or feel they have enquired some profits to their investment as maybe they bought during the last year big dip and bear season but this happens because they are not long term holders because someone willing to hold for long would actually still hold despite seeing some profit added to their portfolio. My target for buying Bitcoin now should be to hold it till the market reaches another ATH although I don't really know when tats going happen but one you should prepare to hold no matter how Long it takes.