Post
Topic
Board Bitcoin Discussion
Re: How much of drop in Bitcoin price is enough to convert you to weak hands ?
by
|MINER|
on 05/01/2025, 20:13:22 UTC
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.
And that's why I mentioned the 90% drop, I firmly believe that Bitcoin will never drop 90% in price no matter how much negative news comes to the market. And that's why I think Bitcoin will never turn me into a weak hand.
Moreover, dumping Bitcoin due to negative news or correction or going down 70% during the bear season will not turn me into a weak hand. Because I can at least have self-control over myself that even if I dump Bitcoin, it will definitely recover in the future. And that belief will protect me from FUD and prevent me from making wrong sell points.