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Author Topic: What's happening With Bitcoin?  (Read 637 times)
KrispyKrypto
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June 19, 2022, 07:19:28 PM
 #61

I must say, I didn't expect Bitcoin to drop so low. I thought that it was becoming more stable, losing a lower percentage of its value than it used to before. It seems that I was wrong, as it already lost around two thirds (compared to ATH), and it's unclear if the bottom is $20k (maybe it can go even lower, who knows anymore). I'm a bit concerned, and I don't think inflation is a reasonable explanation. Why would inflation lead people away from Bitcoin, not toward it? After all, Bitcoin is resistant to inflation by design (to hyperinflation, that is, as the number of coins is growing, but slowly)! So it's some sort of ridiculous panic selling. I hope the panic will be over, and more people will start seeing it as an opportunity to buy.

I heard somebody said that we are in bitcoin even early than we thought. I, myself getting in "late" am excited for this opportunity to stack more sats!

"Buy the Schiff"
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Ebede
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June 19, 2022, 10:54:56 PM
 #62

I must say, I didn't expect Bitcoin to drop so low. I thought that it was becoming more stable, losing a lower percentage of its value than it used to before. It seems that I was wrong, as it already lost around two thirds (compared to ATH), and it's unclear if the bottom is $20k (maybe it can go even lower, who knows anymore). I'm a bit concerned, and I don't think inflation is a reasonable explanation. Why would inflation lead people away from Bitcoin, not toward it? After all, Bitcoin is resistant to inflation by design (to hyperinflation, that is, as the number of coins is growing, but slowly)! So it's some sort of ridiculous panic selling. I hope the panic will be over, and more people will start seeing it as an opportunity to buy.

I heard somebody said that we are in bitcoin even early than we thought. I, myself getting in "late" am excited for this opportunity to stack more sats!
this is the best time of buying bitcoin for investment but people will use the eye of bitcoin is falling daily to encourage others not to buy bitcoins and keep, why if we buy now and keep even though Bitcoin fall again to reach 10000 thousand it will not affect because you know that it will fall again and also rise again. And if it rise you will make profit

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bhooscream
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June 19, 2022, 10:58:57 PM
 #63

The key point Reason for the Market Crash is Fear and Inflation.
Also, don't forget about the cycle of bearish and bullish period. This cannot be separated from the crypto world. Nowadays, it is time for a bearish market that stafrom several months ago. Just enjoy it and utilize every period to earn money.
Btw, for this dump, it is a good time to add more Bitcoin, isn't it? Hopefully, I can have more cash to add during this bearish season to prepare for the next bullish era.

..why if we buy now and keep even though Bitcoin fall again to reach 10000 thousand it will not affect because you know that it will fall again and also rise again. And if it rise you will make profit
It is because we don't know when is the dip exactly. That is why we must manage our money when buying coins. DCA may be useful. In this case, we are suggested not to be all in when buying because probably tomorrow will drop again or vice versa.
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