Hello everyone
In 2018, when I heard about Bitcoin from an elder brother in the area, I became addicted to Bitcoin. Since then, I started learning about Bitcoin from that elder brother and got the opportunity to learn more details from the forum by logging into Bitcoitalk with his ID. .
And in view of this in 2020 I invest some of my savings in Bitcoin.
From teaching, when Bitcoin broke past record highs at the end of 2021, I had the opportunity to make a good profit from my invested Bitcoins, but my strong belief in Bitcoins prevented me from selling Bitcoins, after which the price of Bitcoins began to decline. Then different people tried to discourage me in different ways but it is from this forum that predictions about Bitcoin and my confidence in Bitcoin still make me come.
Hopefully during the Bitcoin Halving of 2024, Bitcoin will break all previous records and reach a peak price.
What is your opinion on this?
No matter how deep the correction like last time, investors will still enter, because BTC is valuable and the Bitcoin Halving of 2024 is also another supporting moment. So. I think if BTC doesn't have any new value people won't care about it anymore. Now price predictions may be necessary but what is really necessary is our preparation to own some if we can.
Market cycle is the reason why Bitcoin price decreases. No matter how strong is the demand of Bitcoin, there are huge seller in an area that surpass the volume of the buyers. Sadly, there are people who experience a situation that they bought at the peak but loses a lot because the price went down, they thought that it is the end of Bitcoin. They didn't know that it is expected to happen because it's part of the cycle, which is what we called declining phase. Since the bearish market is already ended, we have to accumulate Bitcoin because time will come that the bullish momentum that we are waiting for is going to happen.