Quote from: Gallar on Today at 01:25:19 PM

Quote from: john_egbert on Today at 09:49:28 AM

Quote from: Btcdeybodi on Today at 05:26:49 AM

Quote from: OgNasty on December 23, 2024, 06:29:42 PM

The 7-day chart for Bitcoin looks pretty brutal. I think we're all just watching and waiting to see how low it is going to go. Hopefully not too much lower, not that I'm planning to sell any but I think we all enjoy seeing Bitcoin in the 6-digit range. One thing is clear... The market traders have been embracing the Sell Sell Sell lately. I worry we're only going to end this drop with a massive volume shakeout and who knows what sort of cascading liquidations that will bring. It might be the time to hold on for dear life...

The chart is brutal for sure but should we be moved to sell out of panic? NO. Surely, we love to see the price at 6 figures but does it really change anything? because corrections will always push the price below the six digit mark due to the actions of those fearful fucking traders. It's just obvious, these traders are giving institutional investors the privilege of buying more below the 6 digit price point but i like the fact that the price still hovers around $93k regardless.

I think it is better to say that we're hodling till we build a great treasure in bitcoins than to say ''it might be time to hold for dear life'', We can't hodl forever.

Dips in price will always be there to scare weak hands away.
Those who know Bitcoin and the market we are in will buy / accumulate more of the coins they deem worthy and be the kings of the cycle.
Cool

Currently, the price of bitcoin is experiencing quite rapid increases and decreases. But I personally never worry about that, because I see that the price of bitcoin is always strong at $90K+ and has not yet touched prices below that. So if you look at this, it can be said that the price of bitcoin is currently quite stable at $90K-$97K. Maybe the current decline in bitcoin is clearly the result of traders selling their bitcoin. But I don't think we need to worry about that, because I'm sure there are currently more long-term bitcoin investors than traders. So even though bitcoin traders are selling their bitcoins at the moment, with many bitcoin investors continuing to accumulate, I think bitcoin will continue to stay at this 6-digit number and will definitely continue to increase. Because according to my predictions, currently many people are buying bitcoin to invest in the long term. So we just need to focus on continuing to accumulate bitcoin. Because basically the current decline in bitcoin prices is just a decoration before bitcoin continues to experience higher price increases.

That's just it dude, I think that it's actually pointless analysing the market or price of Bitcoin on the short term when we know that we are all long term holders.
What we should be doing or paying more attention to is accumulating more Bitcoin true the dca accumulating strategy and keep a deft ear to the outside noise on what is or what may happen to Bitcoin on the short term, because I believe that with the high potential of Bitcoin, it can go as high as a million dollar or even more in the future, so how prepared are we if Bitcoin make such a leap in the nearest future?
So the ideal thing we should be paying more attention now is how to accumulate more of it without us tempering with in like 10 to 20 years time from now, than getting worried on what Bitcoin is doing in the market now.