Quote from: Falconer on Today at 09:38:57 PM

Quote from: yudi09 on June 17, 2024, 12:04:09 PM

Quote from: shanhaigamefi on June 12, 2024, 09:22:20 AM

-snip-

According to monthly return data, June is not green but red. The image can be seen in one of the posts showing it.

For those who stay in the long term, this downturn will be used to add volume to the wallet. They will always be happy with market conditions experiencing a decline like this. I can say that people who buy Bitcoin in this month not only for the long term can get good returns when the price moves upwards again.

I am not at all happy to reveal that the value of the assets I hold has fallen by 8% in the last month. This change indicates that there is a downtrend ongoing during that time frame, but it is definitely not a bad thing from an opportunity perspective. When the price drops lower, accumulation opportunities open up and this is an opportunity for anyone who is ready to add bitcoin to their portfolio.

For the last 30 days, my portfolio has been in the red zone. This is on the one hand unpleasant, in fact I am not sure if the market will recover towards the end of June. However, there is certainly a big hope for market recovery, this could happen at any time, although I actually estimate it at the beginning of July.

But in my opinion this is a natural thing to happen in the market when a decline occurs because indeed this market in Q1 to mid Q2 experienced a pretty good increase and significantly also bitcoin continues to dominate the market, so if there is a correction is a natural thing, there is nothing wrong with that although indeed when buying at the top price it is very painful and 8% is a hefty amount, but this is still better than the previous cycle which experienced a much sharper decline.

Supposedly a drop like that is the perfect time to resume DCA, but seeing as we may be down to $62k-$60k, we can cast a net to make the worst happen and this negative sentiment widespread.

I think at the beginning of July we will have another growth where the US might lower its interest rates and that is good news for markets like Bitcoin, it will get even better potential if interest rates are lowered, because it is not interesting anymore, believe me the end of the year maybe we will open a treasure chest.