Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Road to 100k?
by
adultcrypto
on 06/08/2024, 21:41:20 UTC
⭐ Merited by JayJuanGee (1) ,fillippone (1)
No one should lose patience with Bitcoin investing. Be sure to sit back and relax by investing in Bitcoin. Moreover I believe so much that those who invest in Bitcoin and who are genuine investors will never lose patience and definitely go ahead and prepare themselves for more purchases. Real investors always think of increasing their investment. Maybe there are some new investors who invest and create volatility among themselves when the market goes down a bit. But to all those new investors who invest and feel uneasy when the market falls, I would like to say to those investors, hold on to your investment, you can't control yourself in this dumping market, if you can hold on tight. Better days are ahead will come, then get a good return. Although the market is currently a bit dumping, I expect the market to regain its momentum soon and reach the peak price by 2024, but I would say to those who have invested, go ahead and invest.
Crypto prices are currently falling because they are influenced by the Global Stock Market which also crashed starting 3 weeks ago along with the tension in the Middle East.
And when the global stock market starts to improve + the political tension in the Middle East starts to decline, then fears of recession in this year will also disappear = BTC prices will rise and hopefully we can see a new ATH at the end of this year.
I think we should focus more on bitcoin rather that using the word "crypto" that often seems like putting bitcoin in the same league as the numerous shitcoins in the market. The price of most of those shitcoins are not governed by real market indices as you could notice that even when the market sentiment is good, someone of them dump miserably due to manipulation by few individuals such as their founders. So if we keep the discussion around bitcoin, it will help a lot in avoiding distraction and inaccurate analysis. 

By the way, bitcoin have demonstrated once again that it is a good performer among the various asset classes that were impacted by the weak economic disposition that lead to the drop on price. While other assets such as gold are struggling to find support, bitcoin have seen a growth of over 6% from yesterday. This is impressive and I feel sorry for those who doubted bitcoin and panicked.