Quote from: Odohu on Today at 07:34:30 PM

Do you think that if a full blown recession happens that Bitcoin will nosedive? I am curious to know your opinion about Bitcoin with respect to global recession.

Who knows if the reccession will affect bitcoin or not. What I now is that there is no form of worst condition that has hit the economy that bitcoin didn't survive. It will only affect it for a short time and after a while there will be correction in the price again.

On the other hand, it might be that bitcoin price will even go up since many big investors will see bitcoin as a store of value for them to use to safe their funds from inflation and this will help bitcoin to flourish. What really matters now to for you to accumulate more bitcoin so that if really that they is a reccessiom, you will not be affected and if the price of bitcoin dips, you can still accumulate more with a discount price because with the look of things, it is only bitcoin inestment that has the vector power to overcome any form of recession at any given time, compare to other assets due to its volatile nature.

Quote from: JoyMarsha on Today at 09:51:15 PM

Quote from: Salahmu on Today at 08:19:53 AM

Quote from: JoyMarsha on October 02, 2023, 11:59:12 PM

It is well-recognized fact that predicting the future price of bitcoin is difficult. But historically speaking, October seems to be a month when the price of a bitcoin tends to rise a little more than in previous months.

To me I don't think there would be any much Bitcoin price movement in these October, one of the things you should understand is that the possibility of Bitcoin repeating a price movement on a particular month is not certain and perhaps if you check very closely you will see that during the times Bitcoin price use to repeat uptrend on the Month of October are mostly when the halving are still in some years ahead so if there was supposed to be any drastic price movement it would have done it earlier before now, so the Bitcoin price has been on a consolidation for sometime now and since we are in the last quarter of the year there is a likelihood that Bitcoin price will still maintain those levels till the halving take place then you can expect Bitcoin price to surpass the ATH, so let's not allowed the psychology or speculation that Bitcoin price normally increase October affect our plans of accumulation.

When anything occurs more than once, we refer to it as a mistake, but when it occurs more than twice at a regular interval, it develops into a custom.
What I want to say is that, since bitcoin has increased in the previous October months of 2013 - 2022, she will still do the same this year's month of October. A few days back before we entered October month, bitcoin was hovering around $26k+ but today her price has gone from $26k - $27k+. It can still go higher in price as the October month proceeds. Fingers crossed as I expect the price of bitcoin to soar in October as expected. As I wait for that to come to fulfillment, I am not forgetting the target of buying and hodl more bitcoin

Past records shouldn't be what we are using as facts, but it is there to give us an insight of what might likely happen and not a gaurantee. This is why you don't need to bother about which month does bitcoin price go up or down when we are trying to grow our bitcoin portfolio, when you are not planning to sell your coins, because if you keep looking at what month it will be, you might be tempted to sell some and take little profit, if history says that the next month the price of bitcoin will go down. This will completely kill your plans toward your bitcoin base on wrong decisions made at the wrong time. If you are planning not to sell, then the price movement should bother you but to make you strong on hodli.