Post
Topic
Board Speculation
Re: Buy more Bitcoin when downward
by
TravelMug
on 10/07/2024, 01:59:16 UTC
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.

Again, everyone should look at the bigger picture and not just look at the per month basis. And if you look at the calendar, it seems that we are in break-even. Four months of gaining big and then we have 3 months in the decline. So there's nothing to worry about as it seems that the market is still in the middle and anything can happen in the next five months that at the end of the year, it's more positive  than decline.

So yeah, I do agree that we should be buying in this decline mode, there's no better way to see the price is still cheap and then looking at the future, next year we might be in the 6 digits already and so this is a perfect opportunity to buy.