Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 06/07/2023, 18:27:23 UTC
But this sweet fella Freak Soloway said that the price will drop to $3k. Should I still wait for it?
Waiting for your advices  Tongue Grin

$22k seems to be the new $3k (at least for some people.. aka low coiner, no coiners, bitcoin naysayers, those who sold too many coins too soon and praying for downity that may or may not happen)...

Sure, it is becoming more and more likely that the $15,479 bottom (from November 2022) is in, and of course, not even that is guaranteed.. but we still have folks who are "counting on" decent sized dips that may or may not happen. 

There's nothing wrong with having fiat available for dips down to $22k or even lower prices (such as our current $15,479 bottom), but placing too much hope in those kinds of Downity prices playing out may well be a fools errand, and likely it is not good to be overly hoping for down - when it is also possible that we might never see sub $30k again.. and surely the higher the target BTC buy price (or the closer that the target BTC buy price is to the current price) then the higher the odds that we will see those higher prices again.. but being greedy and expecting down before UP might not be a strategy that is going to work - even though historically we have seen guys profit from Down before UP predictions, but we have also seen guys get reckt and having to chase the train because they insufficiently/inadequately prepared for UP while they were cheerleading so heavily for DOWN.

Gosh.... think about it, we have had more than a year to be accumulating BTC at prices that have mostly been below our current BTC price of $30.3k - and even you BTCaesar have had more than 3 years in BTC (if we go by your forum registration date), and if you had been consistently buying BTC for that whole time, you would surely be in a decently good position right now - and perhaps even better if you had front loaded your investment.. but even a consistent $100 per week would have caused you to spend around $16.7k and you would have a bit more than 3/4 of a bitcoin with 0.7551 BTC.