Post
Topic
Board Speculation
Re: Why Bitcoin Price is Down Today?
by
maydna
on 26/05/2024, 10:34:17 UTC
actually the price of bitcoin going up and down is normal, which makes the decline in the price of bitcoin abnormal because it occurs during the halving. We all know that when the halving starts the price of bitcoin will rise drastically in a short time, but what has happened recently is that the price of bitcoin tends to be stable. I don't know the reason why this happened, but what I know is that halving is closely related to miners. If the market conditions do not change or improve, there is a big possibility that this year the price of Bitcoin will not reach $100k.
People doesn't have to panic when they sees the price is down because the corrections will always comes many times. If they sees the price is down, they can buy more Bitcoin and holds it until the price rise again. It's good to buy Bitcoin in a low price because that can gives them the opportunity to sell at a high price, whether they just sell it when the price increase or sell it when the reach ATH. As long as they can buy many Bitcoin in a low price, the chance for them to makes a big profit will be there and they will their profit will increase from time to time. We don't have to thinks about the reason why the price is down but we must use that time to buy back Bitcoin so we can collect many Bitcoin. Many people predicts Bitcoin will reach $100k so we must use this time to buy many Bitcoin.