Hodl (Naija)

[Karl_3000]

🇳🇬 ₦111,574,868 ($84,170 €73,927 £63,561)

[Abuobyda218]

🇳🇬 ₦111,574,868 ($84,170 €73,927 £63,561)

Bitcoin is in a slightly negative trend today, as of yesterday. The market has fallen from above $85,000 yesterday to $83,000 today. Along with this, altcoins that depend on Bitcoin have also started to decline.

[cxtreenal]

🇳🇬 ₦111,574,868 ($84,170 €73,927 £63,561)

Bitcoin is in a slightly negative trend today, as of yesterday. The market has fallen from above $85,000 yesterday to $83,000 today. Along with this, altcoins that depend on Bitcoin have also started to decline.

Almost all altcoins fluctuate in price with Bitcoin. You might initially think that there is a chain connection. In reality, Bitcoin is a decentralized asset, most of the alts that exist outside are centralized. They only try to be behaviorally decentralized, in reality you have to earn trust in Bitcoin and accumulate regularly.

Bitcoin price is going through a slight correction today compared to yesterday, this is part of a by rule process in the market. This price correction is part of the uptrend as Bitcoin prepares for another bull run. I will call this period a correction period because the price will rise soon.

[Charles-Tim]

Bitcoin is in a slightly negative trend today, as of yesterday. The market has fallen from above $85,000 yesterday to $83,000 today. Along with this, altcoins that depend on Bitcoin have also started to decline.

Bitcoin got to almost $87300 yesterday. On the exchange I went through the price just now, the highest price yesterday was $87285. After it got to the price, it started falling which many people will expect as bitcoin price touched the middle monthly bollinger band. But let us see what will later happened maybe there would be a reversal.

[promise444c5]

~

Bitcoin got to almost $87300 yesterday. On the exchange I went through the price just now, the highest price yesterday was $87285. After it got to the price, it started falling which many people will expect as bitcoin price touched the middle monthly bollinger band. But let us see what will later happened maybe there would be a reversal.

I guess that was meant to liquidate the new short at the region but it’s normal for a  either buy or sell trend  to retest which it did that yesterday day before the decline. 

Hence, the 87k+ was also a negligible fake out .. 83.k ~ 86.k is the border resistance and it used to be a demand zone all throughout December and January before eventually crashing down real hard… If this trend doesn’t go below the previous resistance which was from 80.k ~83.k there’s possibility we rally up beyond it on the next retest…

Keep holding guys ..

[Karl_3000]

🇳🇬 ₦112,285,928.5602 ($84,591 €74,279 £63,920)

Bitcoin price is going through a slight correction today compared to yesterday, this is part of a by rule process in the market. This price correction is part of the uptrend as Bitcoin prepares for another bull run. I will call this period a correction period because the price will rise soon.

According to what I am seeing on the daily chart, the correction started 3 days ago and which is the yesterday when you posted this, but the correction continued the following day.

Yes, even during bull run, there will be some corrections, although I do not know if the price of bitcoin will continue to increase because I am seeing another strong resistance but at the end, bitcoin price will increase.

[cxtreenal]

🇳🇬 ₦112,285,928.5602 ($84,591 €74,279 £63,920)

Bitcoin price is going through a slight correction today compared to yesterday, this is part of a by rule process in the market. This price correction is part of the uptrend as Bitcoin prepares for another bull run. I will call this period a correction period because the price will rise soon.

According to what I am seeing on the daily chart, the correction started 3 days ago and which is the yesterday when you posted this, but the correction continued the following day.

Yes, even during bull run, there will be some corrections, although I do not know if the price of bitcoin will continue to increase because I am seeing another strong resistance but at the end, bitcoin price will increase.

Can you guess why this resistance has formed? I can guess a little, although I may not be right, but as I have observed in market analysis, when a market trend is feared in world trade, most investors tend to buy Bitcoin. Inflation in the world, whether natural or man-made, will probably increase alarmingly. Smart people have been able to predict it and they are showing confidence in Bitcoin. Maybe there will be some more correction but that is to give whales more opportunity to buy. Of course, I also believe that the price of Bitcoin will hit another ATH soon.

[fredericktaylor]

Those that that didn't mke a smart move some months ago would have been regretting why they refused to invest, while wasting thier time waiting for the perfect price entry before doing the necessary things, investing in Bitcoin has no perfect time,even investing now is still a perfect entry fir those that has a long-term holding mindset.

There is no one right time to start investing in Bitcoin, every moment is right for Bitcoin. The market is currently going through a rise or fall but after a long correction period, this rise has created a great opportunity for new investors who did not believe that Bitcoin would reach another ATH and probably have a strong chance of doing so within this year. Don't say fooled those new investors who have not started Bitcoin due to lack of discretionary income, they may be waiting for an opportunity, that opportunity is a price drop, but the best time for every investor to accumulate Bitcoin is when he has additional funds available. They are the smart and wise ones who consider every period of Bitcoin's price as an opportunity to accumulate Bitcoin and accumulate Bitcoin regularly.

I don’t know why a lot of people still find this to understand, if you really waiting for a DiP before thinking of kick starting your investment, then you will probably not start. With DCA everything is made very easy, so rather than waiting to start investing, you can just start with your DCA strategy, and you won’t even have to worry about how the market is going.

Sometimes if we trying to predict the market before investing, we might end up not investing at all, Bitcoin is volatile, so why waste time in trying to predict it. Invest using DCA and invest for a long period of time, with that there is a high possibility of Favorable returns.

Want to invest in Bitcoin but if you wait a long time for dip then you will never be able to start investing in Bitcoin, because the price of Bitcoin is very volatile so it is not certain when the price will decrease so I think it is completely foolish to waste extra time to start investing in Bitcoin, because it is not certain whether the opportunity you will get to buy Bitcoin will come tomorrow, because the price of Bitcoin increases in the long term so it is better to invest consistently with discretionary money and hold it for a long time with patience or confidence. This will reduce the risk of losing money and make it easier to reach the desired goal.