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Author Topic: Investors and HODLERS in the world, don't look for further lows!!  (Read 269 times)
BUK2016
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April 10, 2019, 05:34:01 PM
 #21

Whoever is still waiting another low in the price of Bitcoin other than the past low of around $3000 will wait in vain because it will take a longer time for Bitcoin value to come that low of $3000 again.
magneto
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April 10, 2019, 11:03:47 PM
 #22

I would still be willing to do some short term swing trading if the fear of missing out within the market becomes obvious in a particular rally. But the bottom is set in my opinion, I don't expect prices to regress back to $3-4k in the medium run unless a big country decides to release some new regulation that disadvantages the crypto industry on a massive scale.

Apart from that occasional short term trade though, my personal strategy is still to hold since I'm confident in the bull market emerging during the next cycle (which arguably has already started), and that prices will at least return to close to the previous high due to the improved fundamentals from the last bull market.

Even though there may already been a few rallies that has taken place, I would still recommend dollar cost averaging as a method of accumulating if you are a long term investor, especially in short term dips. I don't think that the size of these current rallies are really going to be notable when you zoom out to the long run, and right now, the long term trend is going to be bullish at least until past the halving in my opinion, even if short term there may be adjustments and dips here and there.
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