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Author Topic: Bitcoin Historical Corrections - Don't worry  (Read 325 times)
Barinekapaul
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July 19, 2021, 03:49:28 PM
 #21

One hope we should have regarding the fall and from the chat is that;
1. This is the price of bitcoin has always been on the increase and the fall was almost half, implying that
    a. There will be a greater rise when it comes back again.
    b. It will turn all the (-) to a (+) one as soon as it goes up.
2. Every time it falls almost to half, there is always higher increase as seen from
    a. 2018-2021.

So all hope should be kept intact and going.

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Saidasun
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July 19, 2021, 03:55:58 PM
 #22

One hope we should have regarding the fall and from the chat is that;
1. This is the price of bitcoin has always been on the increase and the fall was almost half, implying that
    a. There will be a greater rise when it comes back again.
    b. It will turn all the (-) to a (+) one as soon as it goes up.
2. Every time it falls almost to half, there is always higher increase as seen from
    a. 2018-2021.

So all hope should be kept intact and going.
It does not imply anything just because Bitcoin has historically goes up does not mean it will continue to do so for the rest of its lifespan as much as I love Bitcoin we have to admit that there is probably a price ceiling that we will hit eventually and this advise would be wrong and dangerous for new investors. I am not saying we have already hit that ceiling probably far from it but it has to be kept in mind.
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