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Author Topic: It's a good time for bitcoin  (Read 458 times)
CryptopreneurBrainboss
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June 26, 2021, 09:16:01 AM
 #61

how can you say this is a good time for bitcoin? even though the Bitcoin price is currently being dumped and will continue to dump maybe until 2024,

I don't think so, the dumps most likely will begin either year ending or early 2022 but not now. Although for the short term, the market and s bearish but that doesn't mean all hopes to be lost instead this corrections which is what we're currently experiencing should be seen as an accumulating opportunity and shouldn't be missed as the possibility of becoming having a come back to record a new all time high for the year is still in the picture.

Some support prices should be watched out for, if the support at $29k stays strong and there's a breakout then buying orders should be done immediately, don't go all in though as the breakout could be false, you should wait for a confirmation and also you should watch out if the support is been broken then wait for the retest of the $25k trading zone.

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zanezane
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June 26, 2021, 09:26:09 AM
 #62

Despite the bad condition of the market in terms of prices now, Bitcoin continues to be known and used by more people every day. This is one of the good things that can help Bitcoin adoption go on quicker than ever. Whatever governments do to prevent Bitcoin, it won't be enough to stop Bitcoin from now on.
I think that if one government is angry and determined enough, I think that they will be able to do some damage to the market, look at what China has done to the market.

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June 26, 2021, 11:40:57 AM
 #63

nice to hear, so many people are increasingly putting their trust in bitcoin and feeling optimistic about it. It is highly probable that bitcoin has succeeded in developing and continues to be in demand from the positives from it, I personally continue to favor bitcoin in this world, and believe in its value will be higher with the fluctuation.
People who are already involved in bitcoin for a long time ago believe in bitcoin and will buy more bitcoin in a dip.
They are not just buying but they also sell it to make money.
Bitcoin will still grow and reach more people from all countries and we will see the mass adoption will also grow in the future.
As long as people can learn more about bitcoin, they will get the benefits of bitcoin.
But people are not forced to invest in bitcoin if they do not like and that will be their choice.
People had to please themselves to come into crypto and invest in Bitcoin simply because of money/profit. Even we heard a lot of people saying Bitcoin is a scam, it will be dead soon, it never stops people from coming in. It is because it was not what they know about Bitcoin, what they know it has a brighter future and those who will invest will make a profit in the end.

Maybe, 10 years from now, half of the global population will use and invest in Bitcoin. And that it will include the increased number of establishments that are accepting cryptocurrencies.
Most people say bitcoin is a scam because they do not search for more information about bitcoin, but they only invest and see their money grow.
But it did not work like that as bitcoin price will not always increase so high but the price can also get down deeper.
They need to know when they decide to invest in bitcoin so they do not just follow other people's suggestions, which can make them lost in the investment.
Bitcoin has a bright future as crypto itself can be used for investment and payment system. People can choose what coins they want to use to pay or invest, but bitcoin will be their main investment.


nice to hear, so many people are increasingly putting their trust in bitcoin and feeling optimistic about it. It is highly probable that bitcoin has succeeded in developing and continues to be in demand from the positives from it, I personally continue to favor bitcoin in this world, and believe in its value will be higher with the fluctuation.
People who are already involved in bitcoin for a long time ago believe in bitcoin and will buy more bitcoin in a dip.
They are not just buying but they also sell it to make money.
Bitcoin will still grow and reach more people from all countries and we will see the mass adoption will also grow in the future.
As long as people can learn more about bitcoin, they will get the benefits of bitcoin.
But people are not forced to invest in bitcoin if they do not like and that will be their choice.
The condition of crypto prices, which are currently bearish, is an opportunity for investors and traders to try to entry crypto assets such as Bitcoin or other crypto, because indeed along with the price correction that is happening today, of course, we will get a lower risk if we choose to buy Bitcoin when the price is correcting, and as you said now this is an opportunity for those of us who believe in crypto to go in and buy as much as we can , because the prospects for crypto assets like Bitcoin will be positive along with high market interest later, although now This has received a lot of negative sentiment from various parties who are anti-crypto, but I personally believe that in the end those who are anti-crypto all this time will accept crypto as an investment or digital currency which is very important along with technological developments in this era modern now this.
Those who anti-crypto will see how strong the crypto power works and they will not imagine why that can be like that.
They just do not follow the crypto journey since the beginning and they do not invest in crypto so it is easy for them to say like that.
When the price is down a lot, they just say that the crypto is not good because it can scam others and make them lose their money.
So in this bearish moment, it is better we invest more in bitcoin and other potential coin and not think much about the negative news or sentiment out there and let them see how crypto can rise again soon.

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June 26, 2021, 07:59:38 PM
 #64

it seems it's still not good to enter Bitcoin now, because there are still many people waiting for below $30k again,
indeed last time it fell below $30k and was at $29k price, but it bounced again and went up to $34k more,
huh and now it's down to $31k again, how about that? for me it is still confusing because the price of bitcoin is too volatile
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June 26, 2021, 09:00:21 PM
 #65

it seems it's still not good to enter Bitcoin now, because there are still many people waiting for below $30k again,
indeed last time it fell below $30k and was at $29k price, but it bounced again and went up to $34k more,
huh and now it's down to $31k again, how about that? for me it is still confusing because the price of bitcoin is too volatile
When it comes to technical then this isnt the right time since it hadnt still able to break out that 30k support and still strongly been holding it which is a strong indication that there are really people who had been catching on prices above 30k price point which i can consider to be this level as a good entry point if i were to say but if you do purely based up on technicals then its really hard to determine because of unpredictability of the market movement which is really making more hard for us to predict on where it would be heading next but due to some rumors and fuds then it isnt really bad to wait up even a little longer until the support would break in and tending to enter on more cheaper prices but of course nothing is guaranteed.
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