Post
Topic
Board Speculation
Re: Crypto Veterans and Legendaries: Need Advice on my Bitcoin Strategy
by
FinePoine0
on 02/05/2024, 07:34:33 UTC
Quote from: romeareo
AFter that I will wait for bitcoin to crash to $20k and then will get back into it..
or I can wait for Bitcoin to Ethereum price ratio to a higher level and then maybe I will switch to ethereum..
not sure what next to do..
but I will definitely make a decision in the next 30 days.

I don't think, the price of Bitcoin will decrease to $20,000 again, because the price of Bitcoin has hit new ATH this year which will be the reason the price will not be lower than $40,000 before the price will start increasing, and if you have it in mind to purchase Bitcoin in this season, once the price decrease to $42,000 or $40,000, I will advice you to purchase Bitcoin and hold for bullish season to appear. You think Ethereum will give you the huge amount of income your made from Bitcoin investment last month, Because I know that Bitcoin will still help you to make double income when the price increases to $100,000, which is the target of many holders in this season. Try to make a good decision to avoid altcoins, because there are many opportunities in Bitcoin investment, if you can embrace long term investment.


It's normal for Bitcoin prices to go up and down, because if the price of Bitcoin doesn't go up and down, investors will never be able to reap the benefits. I believe this halving in bitcoin price has created a deep market to create opportunity for investors. Because you can see from past history, every halving is followed by a bull run for the next 100 to 150 days. So now we must buy and hold bitcoins in this deep market at present, and everyone can sell it as per the benefit when the bull market starts and it is suitable for long term holding.