Post
Topic
Board Speculation
Re: So I guess we sell at $48626 ?
by
MFahad
on 25/12/2023, 17:33:11 UTC
I am a little doubtful that some investors will continue to hold their bitcoin when the price reaches $100k, almost all investors will be tempted when bitcoin experiences a significant increase and sell at the highest price before going back when the price experiences a correction. Its not easy for holding bitcoin until raising to $100k because when success break out to $60k many investor will sell their bitcoin fund and have plan when getting correction will buy back on lower price.
Personally I doubt with your decision keep holding when bitcoin success raise to $100k and realistic bitcoin up above 20% current price right now many holder will sell without try to hold until raise more higher price again.

By the way, the process of buying and selling is always going on​, but at $60k there will be very few investors who will sell bitcoins and exit the market. When the price increases, new investors and small investors often get more greedy and sell with less profit. Experienced people understand the market and know where the price of Bitcoin can go in this bull season.

Those who will sell Bitcoin in the hope that it may come back down from $60k.There is no guarantee that Bitcoin will bounce back from here and go higher again. It could be people's guesses or ours, but the market doesn't necessarily follow our guesses. Of course, big investors who play a major role in market volatility will never sell their bitcoins at $60k.