Post
Topic
Board Bitcoin Discussion
Re: How much of drop in Bitcoin price is enough to convert you to weak hands ?
by
DiMarxist
on 14/01/2025, 15:43:12 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 .
Use simple phrasal verbs, I don't think you can convert Bitcoin to weak hands". Was it in shitcoins? Well the best price for Bitcoin for lower hands to buy is $20k to $30k or better be still like the way it goes in 2022 June to September. With that those who are not government workers and self-employed can also invest in Bitcoin. And for now 24hours drop of bitcoin price is not enough to enter the weak people hand.  If it is 100%, the 24hours might cut only 10% out. That is $100,000 minuses $10 will be $90,000 which is very rare in this days.
Many people are still waiting for Bitcoin price to come to the dip so they can invest while some are investing continuesly with the DCA strategy.