Post
Topic
Board Bitcoin Discussion
Re: Don't Be scared Use this Dip as an opportunity to HODL more.
by
bubilas
on 04/09/2024, 06:38:54 UTC
Many persons here never believed that bitcoin would ever go back to $50k however to everyone's suprise it didn't turn out that way (like $52k damn Roll Eyes) everyone seemed to have been thinking bitcoin was already past the $60k mark unfortunately it hasn't I was able  to confirm this from a couple of users including  The Sceptical Chymist (lol) Cheesy
Quote
Well jeez, how long have you been watching the bitcoin market?  I never thought BTC would ever hit $1k, $10k, or even $50k in my lifetime, but that was way back when I was green and didn't realize how strong its user base was

For persons who trade many would check out on charts and be of the opinion that the market is dipping to likely mitigate some fair value gaps and Order blocks left behind from the most recent bull runs.

Summer is gone, and we can take a look and draw conclusions from the Bitcoin chart for these three months.
Starting with 70k, we fell by 55k, then grew again to 70k, then fell by 50k. Then there were 65k and here we are at 57k...
Crazy rollercoasters, and someone said that there would be no volatility in the summer  Smiley
In general, all this was a continuation of the fall that began in April. And I agree with those who say that there is no need to invest now, and that we are moving towards a more successful entry point...