Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
If you believe in Bitcoin fundamentals, it's never too late and anytime would be a good time to buy. However, before you jump into investing, you also need to consider your own plans. Like when do you plan to take profit or the time frame you expect to finally enjoy the return on investment. Another thing to be prepared is a strong mentality to get through the market volatility. The price of Bitcoin, which tends to fluctuate, should not affect your decision to buy or start investing. Don't let sudden price increases change your long-term investment strategy. In addition, it is important for you to learn technical so that you know the right time to buy and sell Yes you are right it is never too late to buy bitcoin, the price at which bitcoin is now is what can be afforded and it is favourable. Sometimes it depends on the target of profit and the available money to be invested , but at the point at which bitcoin is presently it is not late for anyone who wants to invest in bitcoin. Anyone can buy and invest in Bitcoin any time they want. Unlike the traditional stock market which only operates during certain hours of the day and week, the crypto market is independent of time. Although the course of the bitcoin price experiencing ups and downs, overall the future of Bitcoin looks to be very bright. In addition, the adoption rate of Bitcoin has also experienced rapid growth, unlike the previous year. But keep in mind that in bitcoin and crypto investing, we must be able to manage emotions so that we don't make decisions in a hurry and which can lead to losses. When investing in bitcoin at any time, one should not forget such an important detail as for what period of time you plan to invest. With short-term investment, this rule may not work: you buy for 40.000$, and in a week it will cost 30.000. But in general, if you buy bitcoin to hold for several years, then you can buy at any time. If we talk about the question posed on the title of this topic, then right now you can easily recommend bitcoin for purchase to all friends. As you can see, the price has now dropped a lot, which has created a situation for a successful purchase at a bargain price. Tell your friends about bitcoin, and maybe they will thank you for it in a couple of years. Even though the bitcoin price is currently in a deep slump, buying large amounts of bitcoin when it's falling is not a wise move. Even though the bitcoin price is currently falling, it doesn't mean it's a wise move if we put all our money to invest there. We can recommend to friends to buy bitcoin when the price is down like now, but they must pay attention to money management and planning for the long term and also should not panic when they see the market is in the red zone. |
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I think you shouldn't panic even if you bought it at $23,500. Although the price of bitcoin had dropped to $19k in early September, now bitcoin is starting to rise where the price of bitcoin again reached above $20k. It's better for you to hold on for now and don't rush to sell because the bull market will definitely happen again even though we can't predict for sure when it will happen.
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Bitcoin is a type of high risk investment so we must always be wise, the profit opportunity is high but the risk is also high, many people sell anything to invest in bitcoin, but when they see the fact that the price is dropping then they get angry and sell at a loss, and this is what makes we must always be realistic and logical when investing bitcoin.
Before starting a bitcoin investment, you must have a mature strategy. A bitcoin investment strategy really depends on your risk profile and the financial goals you want to achieve. However, it requires patience in managing emotions. Therefore, if a novice investor wants to invest in bitcoin, don't just follow trends and invest without a strategy. Exactly this. I've done trading but it didn't work out that well for me. Now I HODL which is a more risk free and defensive strategy if you do it with money you don't expect to ever see back. After many years the HODL seems to be very profitable. So pick a mature strategy that is in line with your capabilities. P.S. diamond hands HODL isn't easy either  Right. indeed HOLD is a good strategy when the market experiences a significant decline in price. Especially if you've already made a trade but it didn't work and haven't found an alternative, it's better to just save it while waiting for new momentum later. |
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It is difficult to predict the price of bitcoin will reach $45k by the end of this year because in the midst of the current world economic uncertainty and the recent decline in prices still happening in the market. Even in the last few months, the price of bitcoin is still difficult to reach above $25k. Therefore I am not sure the bitcoin price will reach $45k later this year. Even if by the end of this year there will be a slight increase the bitcoin price may only reach above $30k and below $40k.
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It is difficult to predict accurately that the price of bitcoin will drop to $10k in 2023 as the Fed wants to normalize interest rates. Although everything is still possible in the crypto world. It's better now to use the opportunity to collect more bitcoins when the price drops and sell when the price is high without having to bother thinking about future predictions that will not necessarily happen as predicted by some experts.
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Is it possible to invest 100$ in altcoin and turn to 7,000$? Have this ever happened to anyone on here? Is this even possible?.
nothing is impossible if we really focus on what we want to achieve, let alone playing in crypto no one can guess. we can see some examples that have been experienced by doge coin holders before the price of doge soared. this is a small example that I can say, maybe many people have experienced it some time ago Right. I agree with you that one can get very large profits with small capital in trading on altcoins like the DOGE phenomenon in the past where at that time the price of DOGE experienced a very high price increase that set an ATH record. even people who once owned DOGE at that time, profit enormously. So to be able to get big profits in trading on altcoins with small capital requires patience, process, and implementation of a good trading strategy in order to achieve the desired target. |
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I think September this year will be the end of the bear market. In the last few days, bitcoin started surging 14%, from $19k to over $22k. Therefore, it seems that the bear market may have ended. However, with the current price movement, it's hard to tell if the current bull run is the start of a bull market or just hype. Let's see how far the bitcoin price will go until the end of the year.
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Even in the midst of global economic uncertainty and high inflation so far this year, I don't think the bitcoin price will ever hit the low of $17k again. I am optimistic that this year, although there may not be a bullish trend, at least the bitcoin price will be stable above $20k.
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In my opinion, since the first week of September bitcoin is still in the $20k-$19k price range, but in the last few days, the price of bitcoin has started to increase where bitcoin is currently trading at $22k. Therefore I see the current bull run to continue this month until the bitcoin price reaches above $25k again.
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It is possible that the price of bitcoin will fall again to the $19k area before the bull market starts, especially considering the current market conditions which tend to be in bearish condition. Therefore let's see how far the market moves forward as the ups and downs of the bitcoin price depend on the market.
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A person who panics selling when the bitcoin price drops is the type of person who is only looking for short-term profits or can be said to be a speculator. Every price drop experienced by cryptocurrencies makes some who invest wonder, how bad will the impact be. However, investors who are long and experienced with crypto, where do not panic when they see the price of bitcoin plummet.
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Indeed, no one really predicts accurately the future. However, given the volatility of the bitcoin price, the rise and fall of the bitcoin price cannot guarantee a long-term reversal later. Although many experts predict the price of bitcoin will continue to rise in the future. Because the price of Bitcoin tends to fluctuate, it should not affect your decision to buy or start investing in bitcoin. Don't let sudden price increases change your long-term investment strategy. Nobody knows about the future and I think it has been agreed by everyone especially about the bitcoin price. Even the analysis cannot guarantee certainty whether it will go up or down because bitcoin trading is not controlled where everyone is free to trade it. Prices are set by traders, they make demand and supply so we can take advantage of volatility to make a profit. Personally I believe in the future potential of bitcoin, but as I said above that we never know the future so it is always good advice to invest for whatever we can afford to lose. Right. Indeed, no one is currently able to accurately predict the future of bitcoin. Many experts have predicted different Bitcoin prices in the last few years but none of them are accurate. There are even negative predictions and some are very optimistic. Even so, no one knows what will happen in the future. |
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In my opinion, bitcoin is difficult to reach the price of $100k this year because the crypto market is still unstable and negative sentiment is still happening. Especially in the midst of the uncertainty of the world economy and the turbulent world stock market, the price of bitcoin fell very badly. Therefore, I estimate that by the end of this year the bitcoin price may only rise above $30k.
this year Bitcoin is still very weak, and still very volatile, because $19k support can still occur, therefore it is better to wait for a breakout of $25k if you want to enter, but my advice is to just accumulate at the current price, I'm sure $100k can be achieved in the future, 2024 or 2025 maybe Right. The crypto market situation still hasn't shown better performance even though the bitcoin price has slightly increased and is in the $23k area but almost the last month the bitcoin price is still difficult to break through the $30k price. Therefore, it is possible that in 2024 or 2025 the price of bitcoin will reach above $100k, which if you follow a 4-year cycle pattern, 2025 will be a bitcoin halving. as we know that when the bitcoin halving occurs, the price of bitcoin experiences a very significant price increase to set a new ATH record. |
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Right. I'm also surprised that there isn't much news about Central Africa having officially adopted bitcoin as a legal tender. Maybe because Central Africa uses the Franc currency so the news is not as big as El Salvador because the currency of the country of El Salvador is the dollar so when they adopted bitcoin as a legal tender it made headlines in the world. This is my guess.
I was also a little surprised and didn't expect that Central Africa had adopted Bitcoin for legal payments and it should be a scene because there aren't many rich countries in this part of Central Africa. And as I read on the investor.id site it says that the Central African Republic is the second country to officially adopt Bitcoin for legal payments after El Salvador. That's really amazing in my opinion. Right. Indeed, the adoption of bitcoin by Central Africa is quite surprising for the crypto world because Central Africa is one of the poorest countries in the world. This is also because there are still many rich countries in the world that have not legalized bitcoin. So many questions arise about what underlies Central Africa to legalization of bitcoin as a means of payment. |
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No one can accurately predict the price of bitcoin in 2025. However, I think bitcoin will be bullish again in the next few years if past price cycles are not any indication. For bitcoin bulls, it is closely related to a process called halving that occurs every few years so that the bitcoin price soars.
As always stated no one can really tells about the future of it, but we may get a hint on what will happen in future we only based this thing on current adoption happen and other good news which contributes on bitcoin to became a strong currency. And since history always shows that bitcoin price up we might see similar situation but the main thing here is we shouldn't expect unreal scenarios and prices so that we will not get slap on reality and lose our hard earned money for bad expectation. Indeed, no one really predicts accurately the future. However, given the volatility of the bitcoin price, the rise and fall of the bitcoin price cannot guarantee a long-term reversal later. Although many experts predict the price of bitcoin will continue to rise in the future. Because the price of Bitcoin tends to fluctuate, it should not affect your decision to buy or start investing in bitcoin. Don't let sudden price increases change your long-term investment strategy. We've seen the pattern already, it's like every 4 years we have a good bull run, 2017 and then 2021, and most likely 2025 will be a massive bull run too. You don't need to be experts here, on the contrary, there are none. Everyone is just making their wild and educated guess. And if you have been here in crypto market that you have seen the bear and bull run, you will most likely will also can predict that 2025 will be very bullish for us. Indeed, if we follow the previous pattern, then the 4th bitcoin halving is expected to occur in 2025. Therefore, if the 2025 bullish phase occurs, then the potential $100k bitcoin price will be reached which is the new ATH. |
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I personally feel optimistic that the future of bitcoin will be bright. Maybe now bitcoin is undergoing a period of correction so that there is a lot of negative news that appears and some even think bitcoin will die. Such speculations often occur when the price of bitcoin has plummeted even in the past but the proof is that bitcoin never dies even from year to year the price of bitcoin continues to increase in price and set new ATH records.
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Currently, the bitcoin price is at the level of $40k whereas previously, the bitcoin price was on the path to rebound. Although there is a small correction but we will not move in a bear market. I believe the price of bitcoin will rise again in the next few weeks even though the increase is in the 5%-8% range.
I do hope that price would go up, I agree with you that it looks like it is trying to go up or the near future. However, bitcoin has this horrible way of just going down if it fails to go up. Whenever we see it try to go up and if it succeeds then it's great but then it ends up going down if it fails which is a terrible tragedy. It could have stand there and just keep being at that price, fail to go up, and stand still but for some reason when it fails it starts to crash. I do not know why and how but that is just the situation at hand. So, I believe you are right that it is trying to go up for now, but if it fails and can't go up then we will see it go down unfortunately. Seeing the uncertainty of the current bitcoin market situation, and the market reacting to uncertainty in very different ways. Whereas since the last few weeks the bitcoin price has been on an upward path but it seems that currently, bitcoin has failed to continue its price increase where the bitcoin price is currently back down to the level of $21k. Bitcoin has broken 20,000$ and even 19,000$ but we are still not seeing any strength in the market. Bears are in full control of the market and it seems it is impossible for the bulls to show any strength. For taking entry, i am waiting for any bullish structure which seems not to be there for now. However, i think now the bottom is very near. Right. Indeed a bear market has been going on for the last few months where the price of bitcoin plummeted. After seeing the bitcoin price so far still stuck in the $24k-$23kk area, it will allow the bitcoin price to decline further towards the $20K area. If bitcoin is stuck in the $20K-$19k resistance area, then the bearish trend continues and a bullish season is unlikely to happen this year. |
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In my opinion, bitcoin is difficult to reach the price of $100k this year because the crypto market is still unstable and negative sentiment is still happening. Especially in the midst of the uncertainty of the world economy and the turbulent world stock market, the price of bitcoin fell very badly. Therefore, I estimate that by the end of this year the bitcoin price may only rise above $30k.
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To determine when is the best time to buy bitcoin or cryptocurrency depends on you. If you are the type of long-term investor, then you can buy anytime when the bitcoin price is down and you can hold it until the bitcoin price soars to be resold.
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I don't think we can say that bitcoin is currently entering the bull run phase. Although in the last few weeks the price of bitcoin has started to increase from the previous price, it seems that the current increase is not too significant. Therefore, it is still too early to conclude if we are already in a bull run momentum.
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