Quote from: |MINER| on Today at 10:46:35 PM

Quote from: krishnaverma on December 20, 2024, 03:08:23 PM

How much drop in Bitcoin price in 24 hours is enough to convert into weak hands ? We all have some trigger point ? Even if you are a firm believer in crypto, it can be hard to remain invested if there is major correction in price over very short period of time .

I think if the price of Bitcoin drops by 90% in 24 hours, I will be a weak hand. But I don't think that will ever happen with Bitcoin. It's only possible in the imagination.
This can only be the happend with memecoins so there is no chances that in bitcoin investment will weak once. And besides, basically when Bitcoin dump comes to DIP, I think to make my hand stronger because Bitcoin is a limited supply so the more it can be held, the more profit it will make in the future.
Although I invest and book profits in the bull and bear season cycle, even when Bitcoin comes to dip market, I try to take advantage of the opportunity and follow the DCA scheme.

Aa said a 90% drop from the current value of bitcoin is not at all a possible thing. The price of bitcoin makes the weak hands weaker and not the stronger ones. In simple terms, weak investors always have the trust issues, whereas the strong ones will try to make use of the opportunity. If things don't favor them, they'll take a stand to hold and make themselves stronger in the future. They'll think of handling the situation, but they never lose the trust in bitcoin. As said, the limited supply is a major thing that makes bitcoin more valuable. Regrets were part of life with most of the cryptocurrency users, so we need to be very wise. If not, the opportunity missed is going to be a missed one forever.