Quote from: Republikcoin.com on July 07, 2024, 01:21:11 PM

Quote from: Xcode7 on July 05, 2024, 08:24:19 AM

The current decline is very deep, I didn't expect it to be as drastic as it is now, currently the price of Bitcoin has fallen to 54k and I think if we wait for the price spike it will take a little longer.
And for those who buy and keep it for a long period of time/invest for the future, of course during a drastic decline like this is a pretty good time to buy as much as possible.

If we look at the difference between the price of Bitcoin in the last few months and the price of Bitcoin this month, it can certainly be said that there is a huge difference because the price drop itself has also been more than ten thousand dollars. However, everyone still has to remain calm and there is no need to panic because we can all still hope for price recovery to occur again in Bitcoin, although those who have spare money can immediately buy more to increase the number of Bitcoin assets in their respective wallets.

People need to calm down, bitcoin is currently being priced at 55k dollars and it is likely we are as close to a local bottom as possible, so buying now entails as little risk as an investor can possible take, while the upside potential is enormous.

So anyone that is serious about investing in bitcoin and that can hold their coins for a long period of time, will have great chances of making a lot of money with their investment, however only those that truly believe in bitcoin can do a movement like this, as if someone that did not fulfilled that criteria tried to do this, it is likely they will be unable to keep holding their coins in the case of a downward movement, and they could sell for a loss.