Post
Topic
Board Speculation
Re: What is going to happen with Bitcoin now?
by
Alone055
on 13/05/2024, 16:06:17 UTC
There is no logical reason to worry too much about recent Bitcoin price changes. Because if the Bitcoin price increases slightly, there may be a slight correction. Even if it goes below $60k, it is not a big problem. Moreover, it is not possible to predict that the price of Bitcoin will increase after the halving. But if you look at the events after the previous halving, it will be seen that the price of Bitcoin has increased after a long time. For the time being, the price of Bitcoin will remain between $60k to $70k for a long time and we may see its price rise from the last quarter of this year. Since Bitcoin is the most volatile currency, the price of Bitcoin can rise up or down more than expected level from time to time. In this case, the decision should be taken after careful observation before investment.

People who lack knowledge about Bitcoin and its history or the whole market will find these small changes or corrections surprising and might panic due to them, but seasoned investors wouldn't care much about these small changes because they know these are not going to affect their investments in the long run. These dips and corrections are actually what's keeping the market alive, it is not possible for any volatile asset to keep going up, as they say, what goes up has to come down.

So investors need to understand that these are small opportunities and they need to use these opportunities to fill their bags with more cryptocurrencies that they think have the potential to perform very well in the near future when the market is expected to go up.