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For some people it may be panic, especially for those who buy at a height of $38k-40k. But if for those who have already bought below it like at $20, $19,
I think it should quickly determine their selling target to take advantage and buy at the bottom price again. But even if some people are already buying
at peak prices, because it has already dropped, it is better to hold their bitcoins, because bitcoin will fix them again. This decrease is natural, because
some people who buy below want to take advantage.
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If you look at the progress of today's era and technology, many people are already using digital currencies, be it by using credit card or with crypto cryptocurrency.
But for the use of crypto cryptocurrencies such as bitcoin, not everyone can use it, because most of them do not understand what crypto cryptocurrency is. Need awareness of themselves, and need real proof of someone who has been successful in the crypto industry. Usually they will be interested in entering the crypto
industry, if they see someone who is already successful from crypto. Such abundant wealth results from investing in crypto.
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Bitcoin was a safe haven asset during the pandemic. People secure their assets, as other assets decline during the Covid-19 pandemic.
Besides other factors, one of these factors also caused the price of Bitcoin to rise due to the high demand for bitcoin.
Bitcoin has risen since the lowest price from March 2020 and demand is getting higher, so it is rapidly rising from $20k, $30k to reach $40k.
With this increase, people understand that bitcoin can be an asset that protects inflation.
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If you want to invest when the market is bullish as it is now, we do not recommend it. Because the possibility to go down is very possible.
Different if the market is bearish, maybe you can enter at that time. But actually it’s not too late, you just have to determine when they’re
being corrected, maybe you can set a target price to buy them. Like bitcoin, ethereum and some other potential coins. A lot of altcoins are
pumping right now. You can choose one of them and make sure you do your research wisely.
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It is a pity for those who have sold AME coins. If you look at the current prices that just go down not too drastically when many bounty
hunters and airdrop hunters have sold their coins. The AME team has already proven its hard work and seriousness in running a project,
so that AME coins can survive the dumper and can go up in price after that.
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With $40k, Bitcoin has already lifted the total value of the entire cryptocurrency market above $1 trillion for the first time. For its wild volatility,
bitcoin increasingly shows its existence as an investment commodity. The price of bitcoin jumped sharply, previously $35,000 then broke
through $37,700 and now it’s $40k so bitcoin has already scored the highest price in history. Bitcoin’s recent rally differed from the late 2017
bubble in which Bitcoin briefly approached $20,000, then 2018 dipped to $3,122.
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Even if it's registered with CMC, it cannot guarantee it will provide a good return on your investment. It is necessary to review and know
the fundamental details about the coin, its history and technology. The list of best altcoins must start with Ethereum, where Ethereum’s
price is second most valuable after Bitcoin. Ethereum has the largest market capitalization of any altcoin. In addition, ADA, BNB, LTC,
EOS and NEO. But you can review the coins I mentioned above.
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There’s a slight chance a correction could happen, but it doesn’t seem to go too deep. If the current price of bitcoin was at $40k,
a correction to $39k-38k, it wouldn’t be a major correction. But anything can happen to bitcoin. If you already profit a lot from
investing in November, there will be no blame if you want to sell your bitcoin at the current price. The decision is yours. There are
no precise predictions for bitcoin’s highly fluctuating price. Moreover, the bullrun this time is very excessive, the rise is too fast.
But we don’t know if it will experience a rapid decline as well.
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I think many people are experiencing things like you’ve experienced now, selling bitcoin for $40k. It’s even far from the current price,
as you’ve been selling bitcoin at $9k. It’s too far away, for that you feel very frustrated at the moment. Because yeah I think, if you
want to buyback bitcoin, to wait for the price of the dip at $9k, it is very unlikely soon. And I’m also not sure if bitcoin will come back
low prices to $9k.
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Choosing the best altcoin is not an easy thing, because there are thousands of altcoins out there. Moreover, many new cryptocurrencies
are emerging because developments in the crypto industry are increasingly popular. Therefore, it is necessary to examine the trends
of history well enough before determining your portfolio. Sometimes that alone is not enough, we must also know the technology that
the coin has and the uniqueness and many other tasks for success in investing.
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We are just ordinary people like the people on youtube and anyone may predict a certain price for bitcoin, but in the end it is the market that
determines everything. Because the price of bitcoin depends on the supply and demand.
Now $40k is within reach and bitcoin is always scoring new ATH again. Crossing from $30k to $40k is quick in range, but that’s bitcoin and
crypto’s very volatile value.
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Now that $40k is within reach and bitcoin will score a new ATH again, we see since mid-2020 bitcoin continues to rise until it breaks through $40K now.
Indeed, we are seeing a growing demand and bitcoin becoming something very rare, so it is very valuable and creates an excessive price explosion.
This is the reason people to make bitcoin an investment asset.
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Bitcoin is a currency in software whose identity is not widely known to the public. Only certain people know it. But as an investment instrument,
when the price soars as today, people decide to buy it immediately. Because they fear the price of Bitcoin immediately soars. If they don’t buy
it soon, they’ll miss out on profit. FOMO is common in those who are less familiar with bitcoin, even in bitcoin traders, because they involve
emotions more than statistical assessments.
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In the cryptocurrency industry, the biggest regret is usually in investing instruments. Whether it’s investing in a new project,
like the one you’re experiencing or on an investment Ponzi scheme or on an old altcoin investment. It varies. I’m actually
experiencing great regret, not just one. One thing I would say is I regret having sold my ethereum well below the current
price. I should not sell it, because at the moment the price of etehereum is very high. Even if I wanted to buy back ethereum,
there’s no way I’m going to buy it now when the price is at the top.
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Trading this morning was at $38,780 based on CMC. Crossing $40K is bitcoin’s newest ATH and it provides a new instrument for the price of bitcoin,
so opinions for the new ATH continue to emerge from bitcoiners that bitcoin will have another highest new price again, after the price traded today.
Maybe after this, bitcoin can continue its price to $50K. And price corrections will always be side by side before bitcoin returns to the next new ATH.
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Although reward from airdrop was not much and many were fraudulent, but from some experience, there was an airdrop that gave a very large reward
and it paid off. But there are only one or two projects out of so many airdrops. We won’t know for sure that they will pay, so it seems necessary
to follow a lot of airdrops to get the best. Because there will be diamonds from a pile of dust. Be patient to get it, if you’re an airdrop hunter.
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