Post
Topic
Board Beginners & Help
Merits 3 from 1 user
Re: Newbie Don't be afraid of buying Bitcoin
by
Smartvirus
on 13/10/2023, 20:40:59 UTC
⭐ Merited by Josefjix (3)

If you are afraid that Bitcoin would go to 10k,ask yourself why they hold billions in Bitcoin.
Don't you think that they had more insight than you will ever have?
Why do you think Nasdaq crashed 1.8% 2days ago  and Bitcoin holding 27k line? Buyers still buy no matter what, that shows confidence in Bitcoin, and remember retail got no money right now.
Inflation is too high, retail salary vanished day it arrives, it not retail that buy Bitcoin now,
you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer
Well from the much we’ve observed, Bitcoin seems to define a dip at every bear market and somehow, the dip is maintained through the next bear market and by that I mean; come the bullrun and yet another bear market, the dip isn’t broken.
Now, the dip is around $17k and I don’t see that being broken even in the next bear market but, still, this isn’t a yardstick for measurement neither is anyone billionaire having there billions in Bitcoin a yardstick or reason why you should too.

That was how a lot of users trooped in and quickly trooped out because of Musk.

I expect users to find their own genuine reason for believing and making Bitcoin investments. It’s solely your decision but, I can say Bitcoin is the safest coin out there.