Quote from: GigaBit on October 12, 2023, 06:19:43 PM

Quote from: MusaPk on October 12, 2023, 05:11:13 PM

Quote from: JayJuanGee on October 09, 2023, 01:26:40 PM

Quote from: MusaPk on October 09, 2023, 10:38:12 AM

Quote from: Frankolala on October 08, 2023, 07:03:21 PM

Bitcoin is called a risky asset because of its volatile nature and that is why, one needs to invest with only the amount that he can afford to lose, so that if bitcoin price goes below his entry point, he can just ignore the price and keep on hodli. That is why it is advisable not to borrow money to invest in bitcoin so that you don't end up selling when it isn't your will, to avoid loss.

We saw Bitcoin price was stable at 30k USD few weeks back and then there is a dip triggered due to some news. Bitcoin in that DIP went down from 30k to 25k and that's the time where your nerves as a HODLER are tested. Its easy to say to HODL but not many can see there investment going down. That DIP is now over and Bitcoin price is moving up towards 30k again. If you have bought Bitcoin when it was down then surely you are getting some profit at the moment. Accumulating more when Bitcoin is down is more beneficial then when its up.

For sure, it seems that the dip from $30k to $25k is over.. but not easy to say with certainty.. since we are currently in the middle of the range.. so no one can really say for sure that the dip is over.. and that $25k support might not be broken to the downside.

It is hard to bet either way, even though sometimes people act as if they know, and then they tell you "I told you so," after the fact... but I doubt that they really know with any level of confidence that maybe at best might get into the 60% to 70% arena before all the events end up playing out.

Sure, from time to time, there are some price set ups that make it seem more likely of one price direction or another in the short-term, but I doubt that we are currently in one of those kinds of a set up.

As we were discussing this, Bitcoin once again started going down. Right now the price is at 26.6k on CMC and we cant say with certainty that where price will go from this. 25k support may be tested once again.
People give too many predictions at times and if anyone of those went true they say "I told you so". The fact is we have seen so many predictions about Bitcoin and majority were false.
In current scenario it is easy to predict that price may restrict in 25 to 30k range because thats how bitcoin is behaving for last few months. But there is no way we can predict the long term price of Bitcoin.

I am not worried about the price. Because the war created fear in everyone's mind, but it did not have any effect in reality. Because many people use bitcoin to send money to the war area here too we find the use of Bitcoin. But we will not always take it negatively because for those of us who have been waiting to buy, an opportunity has come again. Although I think this situation may return to normal in a few days, but during this period those who exploit and buy bitcoin from the dip will be comparatively more profitable than others. Since we are committed to investing in Bitcoin for a long time, we are not worried about temporary price fluctuations.

While, Your perspective on Bitcoin's potential to outperform in the long term and its resilience to short term volatility due to geopolitical situation in the Middle East price volatility well understandable. However, it is worth noting that, if the current geopolitical tensions persist, similar to what occurred in Ukraine/Russia conflict. It could have adverse affects on all risky assets markets. Consequently, there is a concern that we might see a an extended bear market, lasting for longer duration.

In simple term, even when the market looks unfavorable, the long term investors should remain vigilant for opportunities to accumulate Bitcoin at lower prices.