Post
Topic
Board Speculation
Re: What do you think Bitcoin Market Need Promotes for Price up ?
by
eightdots
on 26/07/2023, 11:40:23 UTC
I am Seeing Bitcoin Market is Not good Its Correction every Time  
It can Hit $25000  ?

Bitcoin market needs this kind of correction, the market price cannot really just skyrocket straight to an all-time high or up to 100k$ without some kind of correction if that happened then it's a very big bubble that could easily drop as well, not just drop but a huge percentage drop similar to its pump. The market continues to circulate so as the bitcoin market price continues to increase its momentum there is for sure a lot of correction that is going to happen, Yes, in my opinion, I mean I was hoping for the market price to drop because that just means that you can buy bitcoin at a discount probably this wasn't a huge thing right now but when the market is the trigger we might regret it not buying when the price is still low for sure going back to 25k$ is always a possibility and this is probably going to happen because there is still a long way and at the moment only small traders and investors are in the market, we still doesnt have a catalyst, we're gonna need institutions, governments, companies money. We need a huge amount of money to be invested in Bitcoin in order to skyrocket its market price.

We will definitely need corrections. I've always been in favor of a gradual and steady increase in Bitcoin because if Bitcoin suddenly goes up, it's like a building with an unstable foundation. It would be easy to collapse. I don't want that to happen.

No matter how long it takes, Bitcoin's rise has to be solid. When that happens, things that a lot of people dream about can become a reality.

For the Bitcoin price to rise, reliable playmakers are needed rather than great playmakers. Trust always increases the number of people who come to invest.