Post
Topic
Board Speculation
Re: Is June a Downturn for the Crypto Market?
by
btc_angela
on 22/06/2024, 08:30:35 UTC
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.
Well, whether it's green or red, the important thing is we don't end up panicking and sell the coins at a lower price since that would definitely put us in the losing end. But instead, buying a lot more when there is good opportunity to buy that would add additional volume to our bitcoin.

Furthermore, if a bitcoin downturn will be more seen this month, so what? As long as we are aware on what to do in every price movement in the market, then there won't be any problem that will arise.
What you say is absolutely correct, whether the market is experiencing a decline or an increase, of course we must not be careless and panic so that we make decisions that are detrimental to ourselves in investing and we must stick to the original plan that we had. made. before deciding to invest. If we can take advantage of market conditions that are experiencing a decline to buy more than usual, of course this will be easy for those with large capital and for some people who only have small capital, of course they can buy with that amount. we can afford it but can still make a profit when prices rise.

And we only had just a week before the end of the month and there are no uptick unfortunately as we go down to $64k-$65k as of the moment. Not sure if there will be some news that will push the market in this week or so. Nevertheless, as what history tells us, month of June is not good after the halving.

But we shouldn't panic, we still have the second half of the year to contend, and usually during this time, or at least in the last quarter of the year, we might see some good movement. And just imagine though if we are going to close this year at least $100k, that will be great to all of us.