Post
Topic
Board Altcoin Discussion
Re: SEC lawsuit caused massive market crash
by
Xal0lex
on 17/06/2023, 16:07:10 UTC
Indeed, some investors anticipate a crash and opt for liquidation. But is that prudent? Your claim that Bitcoin wont plunge below $25k in a crash is audacious. Yet, given the crypto market' notorious volatility, its unwise to set such rigid limits. Markets dont adhere to our wishes, correct?

That is an extremely optimistic statement if anyone thinks bitcoin is incapable of falling below 25k. It is not such an insurmountable level that it can be considered some kind of foundation that will never crack. In my opinion, a price of 20k looks much stronger than the 25k mark.

Selling during bull runs is traditional advice. However, pinpointing the onset of a bull run is like solving a complex puzzle. Who declares its commencement? Do we recognize it when we're in it? The crypto market' unpredictability calls for persistent skepticism.

The point is that people talk about bull cycles and selling during this period, but very few people can define the scope of this bull cycle, where it begins and where it ends. Usually it only becomes clear after the bull cycle is over.