Hodl (Naija)

[Son Of Blockchain (SOB)]

Bitcoin price:
₦83,373,386 ($60,763  €53,560  £46,194).

What price do you think bitcoin can fall to? I mean the bottom.

I still believe that the resistance in the $60,000 mark is very strong that's why it didn't drop further after reaching $59,000. Well i can't be too sure that it would not fall below that cause the bear season is still on and the war we all thought would finally be resolved with a negotiation didn't go positive as expected.
 I believe that's what cause the price to drop below $60,000 although it shortly recovered to again but if there would be another bottom the amount I feel Bitcoin might drop to is $55,000.

[PostQuantumBTC]

I still believe that the resistance in the $60,000 mark is very strong that's why it didn't drop further after reaching $59,000. Well i can't be too sure that it would not fall below that cause the bear season is still on and the war we all thought would finally be resolved with a negotiation didn't go positive as expected.
 I believe that's what cause the price to drop below $60,000 although it shortly recovered to again but if there would be another bottom the amount I feel Bitcoin might drop to is $55,000.

Bitcoin wants to struggle to get to $60000 for now, it dropped to almost $58000 before you posted this. It increased above $60000 but shortly followed by more fall that made it fall below $59900 to $58040. Right now bitcoin is showing signs that the $60000 that we thought would be a support is now becoming a resistance. If bitcoin does not go above $60000 earlier, that mean the support as been broken.

[cxtreenal]

I still believe that the resistance in the $60,000 mark is very strong that's why it didn't drop further after reaching $59,000. Well i can't be too sure that it would not fall below that cause the bear season is still on and the war we all thought would finally be resolved with a negotiation didn't go positive as expected.
 I believe that's what cause the price to drop below $60,000 although it shortly recovered to again but if there would be another bottom the amount I feel Bitcoin might drop to is $55,000.

Bitcoin wants to struggle to get to $60000 for now, it dropped to almost $58000 before you posted this. It increased above $60000 but shortly followed by more fall that made it fall below $59900 to $58040. Right now bitcoin is showing signs that the $60000 that we thought would be a support is now becoming a resistance. If bitcoin does not go above $60000 earlier, that mean the support as been broken.

The market is behaving strangely. I did an analysis of the price of Bitcoin today. It seems to me that the current global situation is stable and the price of oil is in a more normal state, but the price of Bitcoin is going down now. I tried to find an answer to this question but in response I think that the price of Bitcoin is now in a more stable state because after the Iranian attack, the Strait of Hormuz was closed for a few months and the price of oil increased and it may take some time to recover from the damage that the world economy suffered at that time. Another surprising thing is that the price of Bitcoin did not fall too much as a result of the war in the Middle East. The market is gradually strengthening and the price is increasing, giving investors more opportunities to accumulate more Bitcoin.

[Sticky Bomb]

Bitcoin price:
₦83,373,386 ($60,763  €53,560  £46,194).

What price do you think bitcoin can fall to? I mean the bottom.

I still believe that the resistance in the $60,000 mark is very strong that's why it didn't drop further after reaching $59,000. Well i can't be too sure that it would not fall below that cause the bear season is still on and the war we all thought would finally be resolved with a negotiation didn't go positive as expected.
 I believe that's what cause the price to drop below $60,000 although it shortly recovered to again but if there would be another bottom the amount I feel Bitcoin might drop to is $55,000.

It dropped below$59000, I meet the price at $58300 before it recovered back to $59 and then to $59,500. I'm not a professional trader, but I don't think the $60k resistance is in place yet and until it becomes sustained, the price cannot go back to $65k and above. It may still likely go down a little before bouncing back, this is only a speculation from me.

[Karl_3000]

Bitcoin price:
₦83,240,222 ($60,555  €53,337  £45,904).

New poll has been added which which has an interesting question about if the price bitcoin fell to yesterday which is $58000 will be the lowest price of bitcoin in this bear market or bitcoin price will still later be dominated by the bears which will make the price later fall further and go below $58000.

As for those among us that have not sold their coins, the very good time is coming.

[Versatile_choice]

Bitcoin price:
₦83,240,222 ($60,555  €53,337  £45,904).

New poll has been added which which has an interesting question about if the price bitcoin fell to yesterday which is $58000 will be the lowest price of bitcoin in this bear market or bitcoin price will still later be dominated by the bears which will make the price later fall further and go below $58000.

As for those among us that have not sold their coins, the very good time is coming.

Well, i think the market may likely fall below the stated amount. though I'm not certain about that just maybe" the market is still showing red sign this means that there's a possibility for the price to go below that stated amount. I'm suggesting that the market will go dipper maybe to $55000, and when it gets to that point, I don't mind going all in.

But did you think there's a possibility for the price to fall below $55000? Well, I'm not going to sit back and wait until it gets to that point. I would maintain the ongoing buying of bitcoin at the same time waiting to buy from that amount that's if the market permits.

[Grace333]

I think that you’re either being just borderline ignorant right now or perhaps maybe you’re just delusional if you truly believe that keeping emergency funds in bitcoin is a good idea. We all know that bitcoin is a volatile asset and so the price always moves up and down. So what if you need the emergency funds during the time that the market price is down and you cannot wait for it to go up again before you sort the emergency then you decide to sell it to take care of the said emergency, would the value still be the same as the money you used to buy the bitcoin in the first place ? No it won’t. And it might eventually turn out that the money you saved in bitcoin will no longer be enough again to take care of the emergency because its value has decreased. so is it really worth it?

Your statement is very confusing, the only thing I'm able to get from your whole statement is that we need emergency fund during the time that the market price is down and I largely disagree with you on that. Emergency fund should be make available in all time so long as you have started your accumulation journey, the reason why it's advised to have our emergency fund set up is not just because of the dip that may occur but it's due to unexpected expenses that might come up during the process of your accumulation.

Emergency fund is not a security precaution fund for down trends alone it's a general phenomenon for one's financial good. Those who are opptortuned to have started their emergency funds before investing might not understand how advantage they are compared to someone who is just beginning his emergency funds because those who have saved up some emergency fund before can make a complete purchase with their discretionary income meanwhile those who haven't started would have to split the money to invest in what ever they want to invest in and still save up for emergency fund.