Is Bitcoin heading towards $40K? Historically September has been the month when Bitcoin price has always taken a sharp downward momentum. I miss $70K and will wait for Bitcoin to rebound.
From my expectation we might we see
50% from its original price of $73k, that is 73k/2 is about $32.5k but we may definitely see it at $38-40k if time not taken since month of September has always be proven to be the worst month in the bitcoin history price.
It is a clean water to fetched on, maybe refill the emptied tank and drum inside the Warehouse and wait for the sunny days.
Do not be moved by the storm/wind
HODL tight!
That is some real wishful thinking..and the top was right around $73,794, so 50% of that would be close to $37k.. not $32.5k.. . .yet even $37k comes off as some very wishful-thinking in regards to downity. Hopefully there are not too many newbies waiting to buy at those prices and failing/refusing to buy at current prices which surely seem to be quite decently good, in the whole scheme of things.
What matters is how could they be sure that it would likely happen the same, so you are right because buying at this current price will allow them to secure some position for themselves. But who knows what it would end at as the highest low for the year 2024 ( -50%) isn't certain and it's based on my speculation and of course if the price drops below mentioned price that would really be a good entry point for bulk loading.
Is Bitcoin heading towards $40K? Historically September has been the month when Bitcoin price has always taken a sharp downward momentum. I miss $70K and will wait for Bitcoin to rebound.
From my expectation we might we see 50% from its original price of $73k, that is 73k/2 is about $32.5k but we may definitely see it at $38-40k if time not taken since month of September has always be proven to be the worst month in the bitcoin history price.
It is a clean water to fetched on, maybe refill the emptied tank and drum inside the Warehouse and wait for the sunny days.
Do not be moved by the storm/wind
HODL tight!
as one math challenged to another person 73/2 = 36.5
Hey @philipma1957 thanks for the correction anyway... Maybe I need to sleep is already 4:30am and I am kind of feeling dizzy. $73k/2 = $36.5k like I said earlier might see it at $38-40k.
Goodnight I cool off my brain, I will join the discussion in the next 4 to 7hrs time if I won't get knocked up by friends.
Getting knocked up is usually talking about getting pregnant, even though you are using such expression as a way of someone waking you up.. so I suppose knocking on your door in order to wake you.. . but the idea of "getting knocked up" is provocative in any event.
Edit: I looked it up.. you seem to be talking about the second meaning rather than the first.
>>>>>transitive verb. 1. sometimes vulgar : to make pregnant. 2. British : rouse, summon.<<<<
https://www.merriam-webster.com/dictionary/knock-up#:~:text=transitive%20verb,British%20%3A%20rouse%2C%20summonSorry if you find it not correlated to the meaning or give exact what you expected. But I am used to that word as I believe knocking on my door are something common from friends who always want to share some nice ideas and also wanting gist as well.
Anyway I am back now, though it was a very tough night.
Still it's another good point to enter the market, the movement could change. But what more, I see it as a commensalism, in other words known to be the survival of the fittest. So who keeps DCA'ing could stand a better chance of accumulation than those who would panicked and push away their trailer loads. $54,300 not really a bad one.
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