Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
mehmetosman89
on 22/01/2024, 18:40:46 UTC
⭐ Merited by fillippone (1)
The problems with Bitcoin are that even if we want to, we can't make any accurate predictions, I'm not 100% sure that Bitcoin won't go down further to correct. However, looking at all the past behavior, it can be seen that Bitcoin is most likely to go to the upside. Yes, when a lot of money will be invested together at any moment in the market, one must be prepared for any new situation.

I agree with you that, it can go into more serious actions than time(I don't know how much correction %). uptrend is continuing...

Now the Bitcoin price correction has been almost three percent if you look at it over a twenty-four hour period and this of course makes most people buy again because they really want to get Bitcoin at $40K. However, I personally don't know how far this price correction will go and when the next increase will occur in Bitcoin. Although I also still have a very big belief that the price increase in Bitcoin could happen again at the end of this month and the price level could be more different from the current one.

The act of buying Bitcoin must be considered a quite serious action because there are risks that must be understood by everyone so that every thing must really be implemented with very special consideration before someone buys Bitcoin. I hope that this correction will not be too deep and will not be too long, because I really want to see $50K in the next month in Bitcoin and that is probably what other people really want too. Especially for those who have bought at $40K or during a correction like now.