Quote from: skarais on Today at 04:40:56 PM

Quote from: $weetne$$ on Today at 03:56:30 PM

Quote from: Odusko on August 08, 2024, 10:44:23 PM

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Why are you so interested in what the price is going to be in the first half of August or the month of August, are you planning on selling this month or you just want to discuss the price. If you are thinking of selling, I will ask you to reconsider that option. I do not like it when the focus is always about what the price of Bitcoin is going to be in the near month but I am interested in what the price will be at the end of the bull market which if we are following what happened in other bull market, was should be expecting the highest point of the market to be next year when Bitcoin will get its highest price. Still though I do think we can get pass $70,000 because the market has bounce back stronger and it is just looking for a strong support before it begin to rise again then we can see $70,000.

The market is trying to recover, but I'm still getting high selling pressure. As a result, bitcoin is still having difficulty maintaining its price at $62k, and now the price has even fallen to $48k. A few days ago, there was a breath of fresh air regarding recovery, but the market still looks bearish in the near term.

Selling now is certainly not recommended as a wise decision, they should accumulate instead of selling. I don't blame them if they want to sell their bitcoins now, but I don't think this is the right time. Wait longer until the market recovers and they can sell at a higher price than now. The best thing now is to stay calm and continue with the main plan in investing.

You would really be able to see that it cant really be able to easily break that 62k price point on which this is currently the resistance that we are really that indeed to break. Somehow we are really that moving sideways at the moment on which there are no sentiments or other possible news that would might affect the price movement. Somehow making up some position at the current price isnt really that a bad idea to make some entry.
Recovery when it comes to price then this is something that a normal movement for this market to have. Whenever there would really be those drops then it would be normal that recovery would comes next.
It is really just that there are really just that people who are really that not expecting that movement is really that something that too volatile on a short period of time. Instead of freaking out then it would really be better that you should really be trying out to look for some buyback entry.

Bitcoin would really be that always volatile. There are really just those moments or conditions on which its movement is really just that too volatile on which you cant really be able to handle and if you arent that good when it comes to emotional aspect then you are really that bound on making up some bad decisions and this is why its really that important that self realizations and right approach you would really
be needing on the time that you've seen that you do see those opportunities whether getting out or getting into those price points.