When I saw the btc price at 83K I was so surprised because I wasn’t expecting it. after that, I did my research and realized that there are no specific reasons for btc price to crash. There isn’t any bad news or anything to drag btc price that much. At first, I thought maybe it was the market that had entered the bear season and btc was just going down because is trying to align with the market but when I saw so many people's analyses online, I realized that it wasn’t about the market. Some people were even saying that it was a manipulated which I believe to some extent.
Why I believe btc was manipulated because there was no news and after a few days news came out that where Trump publicly posted on his Twitter that they would be investing in crypto and now as I’m speaking, there will be a proper announcement by the United States president concerning btc and how we invest in btc for future. It is very crazy and this makes some people believe that it was manipulated, but the truth is that the concept of manipulation only affects the day traders alone but for a long time Investor might have a limited effect on them.
Investing long time gives you peace of mind
When the market was dropping hard, I was not moved simply because I had not even reached my goal in investing and the market going up simply meant I had to buy when everything was expensive. Market going down was a list of my problems, My major problem was getting money during that time so that I could accumulate more when everybody was panicking and saying that btc was dead I was looking for money. I’m praying that the market should stay that way for a while because I know that whether it is manipulation or the market is just doing its thing, one thing is certain the market will recover.
The narrative that BITCOIN is dead will never go away because when Bitcoin was $10 to $20 this has always been there but now btc is very close to 100K and people are still worried about the death of BITCOIN which I don’t see it coming anytime soon and that is why you should plan to invest a long time because will not only give you peace of mind but also give you right mentality, which is to invest when there is a downtrend in the market presently I’m just focused on the growth of my portfolio, the fear and the death of bitcoin doesn’t concern me that much though when I talk about it, I look at them and say things like they don’t know what they’re talking about
Change is coming not soon
Why I’m not optimistic about Trump's announcement on how the United States will be investing in Bitcoin is because most of the things that we thought would make the BITCOIN price go up haven’t really done anything and for the past few months those things made the price of bitcoin more stable and nothing more before I’ll be excited about these Investment of united states but now I’m just hoping that this makes the price of although better
All of this news is going for BITCOIN and not crypto in general and in the end, it might affect the price of all crypto at a certain point, all I see is good news for crypto and I just don’t believe it will change a lot of things now, people should not put their minds into stuff like this that is going to change everything and we are going straight into a bull run. This is just another news that might help to stabilize the price of crypto in general but nothing more.
Thanks for your time.
am not even thinking of BTC cause thats out of the box however what if one has $5 worth of btc as at the time it was 83k will there be any profit if it hits 98k
I don't know but depends on what profit means to you
hmmmmm ok
The people who have long term mindset do not have to worry when the price of BTC was 83k, they will keep on positioning themselves, and wait after the manipulate to atop, but day trader's suffers as it will much affect them. It always looks nice to have a long term mindset.
uncertainty is just everywhere in the market and nobody know what's going to happen next, but it is best to plan long time so that you can reap all the benefits at the right time
Yes, bro, you are very right about it.
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Heyyy Dwayne well i don't know.about the btc much but I just want to ask u that are u also into a gym lot??
Yes, i have been going to gym for close to two years now
Ohh that's quite good yeah I see your muscles in the body.
As we anticipate the POTUS speech about crypto the fact still remians that long term is the goal
That should be the goal because the market has changed
It'll probably get worse before it gets better, but it'll eventually get better. I'm also here scrambling for more funds to buy this dip. So undervalued prices currently :)