Post
Topic
Board Bitcoin Discussion
Re: How much of drop in Bitcoin price is enough to convert you to weak hands ?
by
MarjorieZimmermanGinger
on 05/01/2025, 16:30:26 UTC
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 .
In terms of investment it will not affect the level of weakness for me at all even if the price of bitcoin drops sharply at a lower price, because in the conditions of bitcoin's journey, even though the price drops sharply, there will be a time when it will strengthen again. A sharp decline should open up opportunities for us to buy much larger amounts so that there is no need to worry too much because everyone has the confidence to buy in large amounts in conditions of a sharp decline.

Except when we are involved in futures trading, so a sharp decline will create a level of panic that there will be a liquidation which will cause panic that causes a lot of money to be lost in trading. In terms of investment, I never worry about a decline because it does not have any effect and in fact the decline can be used to buy in larger amounts.