Post
Topic
Board Speculation
Re: What is going to happen with Bitcoin now?
by
pinggoki
on 16/05/2024, 12:56:03 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.
Some people will worry because some of them just got a lot of money at stake and they're most likely trading with bitcoin so they want to get some coping mechanism that everything's alright and that they're not actually going to be predicting something wrong will happen. I do agree with your assessment though, sometimes the price just don't want to be surging so much and people don't understand that those times can happen, and I think that instead of worries, it's probably the best time for us to start the accumulation now that the price of bitcoin is at a stable price range because I know that regret will eventually come to a lot of us that doesn't invest now.