Post
Topic
Board Speculation
Re: What do you think of the current bitcoin price recovery?
by
justdimin
on 23/08/2024, 12:19:00 UTC
This is a good period where everyone is finally realizing that its not going to be going down forever, and this has to be very important for newbies, it is making a good teaching of a lesson for them. Too many weak hands sell as soon as they see it go down, but the reality is that its not going to go down for that long, it will recover and you just have to realize that.

This recover was something expected and nothing shocking, we all knew that it would recover and that's what it did, if you are a veteran then you knew that it would be back up .We are not only going to be at 60k for now, but we will break over 70k and even break over ATH after that, when that will happen is unknown but I know that it will happen. This belief in bitcoin to always recover, and always eventually break over all time high, is the reason why I keep putting more and more of my money into bitcoin, I know that it will do well and that is why I try to make as much money as I possibly could.
The realization of bull run coming is such a good period that I love it every time it happens. There are way too many people who do not see that unfortunately and because of that there are too many people who make mistakes. We need to make sure that people know that this isn't really the way it will go and the bull run is coming. Historically speaking, we have seen that whenever there is a halving, it takes about a year to peak and we will probably peak by spring of 2025, I have that feeling but I can't guarantee it so I do not suggest anyone to do anything.

However, I do accumulate myself, because I know that it has happened before and I am feeling like it's going to happen again, we are going to probably end up with something much higher eventually. This is why accumulating right now is a great feeling, I do not have nearly as much as I want to have, but I have some and I am hoping to get even more in a few months, with the hopes that I can get before it starts to go up a lot.