Post
Topic
Board Speculation
Re: Why Is Bitcoin Price Increasing?
by
bayu7adi
on 07/10/2023, 09:28:27 UTC
This is a system of Bitcoin. The Bitcoin prices go up and down, that is not a unique thing. This is the best time to sell Bitcoin and when it will go down so buy Bitcoin. This is the system of Bitcoin and cryptocurrencies.

Anyway, Bitcoin prices are like a peak of mountains. Let's see that Bitcoin price goes down in October or not.  Lips sealed
Which aspect of the Bitcoin system are you referring to? Fluctuating prices have no direct correlation with the Bitcoin system. It's one of the current characteristics of Bitcoin, often referred to as market volatility.

So, when others are buying Bitcoin, you're recommending selling it? Your decision might seem sound when you have an instinct that October will bring bearish trends. However, DCA will persist until news of the next ATH arrives, which is when the optimal selling opportunity may arise. $27k is still a bargain for the current Bitcoin price, as it's quite feasible to reach $30k or even $40k when the bullish trend kicks in.