Quote from: summonerrk on Today at 12:09:37 PM

Quote from: MainIbem on June 23, 2024, 05:38:16 AM

The journey of a thousand miles begins with a step and I consider those who were opportuned to mine Bitcoin and also invested at the early days as the ones who took the best step, it's not supposed to be debated cause we've all seen the success of the project from the first day of creation by Satoshi to this present day, except maybe the ones who sold their assets for unnecessary wants, but people who held for a long term are benefiting well from their decisions currently. However there should be no calls for alarm for those who weren't opportuned to invest at the early days cause there's still hope and the different ATH's Bitcoin has reached is a big prove, so the best decision to make is to invest at this point when it's still the current price. The people I feel sorry for are those who have the financial capacity to invest heavily in Bitcoin but still have doubt over it's potential, I mean why would anyone even have doubts when they've seen Bitcoin set different ATH since it's creation to this point, well there would always be a doubting Thomas, those who would still find it difficult to believe even when they've seen prove that sometime is real. Nevertheless, if there's anyone who's willing to invest in Bitcoin but still have doubts, I put it to you that the best decision you'll make is to buy Bitcoin and Hodl, don't get discouraged by the drop in price cause I believe you should've known by now what volatility means.

Now the price of Bitcoin is very volatile, and the moment for good investment appears and disappears again. For example, the price was 69k, this is clearly a bad moment to invest in Bitcoin. Because it is clear that it will only fall further, and now the price fell to 63k. And this was already a good investment option.
Perhaps the price will fall to 40k. So we need to wait for the right moment.

Bitcoin price has never been stable, it has always been volatile and always will be.

What data do you rely on to be confident that the price will drop to $40k? After making a new ATH and bitcoin starting to correct in the last 4 months and it is trading at $63k, that doesn't mean bitcoin will continue towards $40k. You need to provide more data to convince people of your prediction instead of just making a prediction based on your emotions.

There are many people who are very interesting when bitcoin increases strongly and is above $70k, they will rush to declare bitcoin will soon reach $75k. But when bitcoin corrected below 60k$, they changed their view and said that bitcoin will fall to 50k$ or even deeper. I know that bitcoin is unpredictable but at least we should be consistent with our prediction, there is no need to change it constantly because that will not be good for our investment.