Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Avoid Procrastination, Buy Bitcoin And Prepare For The Next Halving.
by
dzungmobile
on 07/07/2023, 06:46:54 UTC
⭐ Merited by JayJuanGee (1)

I don't think now is the right moment to buy, still 285 days for the halving, and the price can drop a couple of times more in those days. If you remember bitcoin's price at the start of the year was at $16500, and now it's $30,440. So, if a panic hit the market before the halving we could see it going down to $20k. And to be clear, this is just speculation, but the point is, it isn't a wise move to buy at the moment when Bitcoin is at its highest price in 2023.

We must play it smart and don't be impulsive, let's wait for the right wave to ride it.
I agree with you  Cheesy

I can not forget that Bitcoin lost about half of its value within two days and it happened just about two months before the 2020 halving.

Bitcoin loses half of its value in two-day plunge
Bitcoin’s Coronavirus Crash; Blockchain In A Pandemic

It is not because of the WHO announcement which is only a tip of iceberg as the market needs to have such massive washout before a very big bull run. Will it come back, who knows?