Quote from: Zigabel on Today at 06:05:45 PM

Quote from: Riginac111 on May 01, 2024, 02:39:17 PM

Sometimes the news of bitcoin maybe contradictory and when hoping on positive news of bitcoin you maybe backslide, because many people have thought that the price of bitcoin is now getting upright but it shock some people who hoped-for speculation of Bitcoin and believes that as people speculate on price of bitcoin that the price will be going up all through this year, whereas the price of bitcoin is depreciating in the market almost every day, so I don't know why bitcoin can not be depending on.

This perspective of yours has made it very clear and obvious you are in for the short term. It may sound like a very good idea to not depend on the price of bitcoin at this point of instability but if you have been following up with price action around Bitcoin then you are going to agree that Bitcoin is not in such a very bad state and form such that you wouldn't want to put some dependency on it. if you are in for a long term, you wouldn't even be thinking of not putting to mind that bitcoin is falling. this up and down movement has been the normal pattern of the market and you cannot totally put it out that bitcoin isnt goin up. just wait small you sef go see am say BTC go rise and you sef go cash out small but no be one day tin.

Omo the way Bitcoin dey fluctuate now go make a lot of people wey dey hold their coins for a short period lose money well well because as you plan to sell when the price dey high na so e dey also dey come down sef instantly. And if you dey save for the short term period or cashing out, you fit end up losing so much because the entire concept of keeping Bitcoin to get better profits na when you keep for long time.