Quote from: Felicity_Tide on May 13, 2024, 09:04:17 PM

Quote from: BITCOIN4X on May 13, 2024, 08:09:55 PM

Quote from: GigaBit on May 13, 2024, 03:37:34 PM

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.

I'm not saying your opinion is wrong, but a mindset like yours is only very suitable for long-term investors. Of course, they are long-term holders who have essentially ignored short-term price volatility. Meanwhile, if you are a trader, price volatility will have an influence on the trading plan itself.

Short-term price volatility should not have a significant impact on the holder's long-term plans. In fact, I believe that holders are very likely to accumulate when the price drop a few percent at a time, which will clearly give them the opportunity to own more bitcoin before the price rises high. Halving can certainly help increase demand for bitcoin indirectly, but this takes a lot of time.

What you've just explained is clearly based on a logical value. I see no business between a long-term investor and volatility. My reason is because, long term investors are indirectly not affected by any current fall in price, as there is still a very big chance of price increase and even great profit as more demands and time goes bye.

Unlike a short-term investor that needs to stay updated with everything especially paying more attention to volatility, rumors and speculations. Failure to stay updated might cost the short-term investor alot as things can happen just in a blink of an eye.

Even if you stay informed every second, every minute, there is no guarantee you will not pay the price, bitcoin is unpredictable and sometimes the market does not always move according to the news. Macro news will impact the market, but sometimes the market will react opposite to that news, so the risk of short-term investing is huge.
For a market as rife with manipulation as cryptocurrency, relying too much on news will ultimately cost us dearly. As many predicted that after the halving, bitcoin would increase in price significantly, but the results were largely disappointing. Long-term investment is the only way to absolutely win in this market and ignore short-term fluctuations.