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RE: What do you think happens to the price of Bitcoin when Publicly Traded BTC Miners stop selling the Bitcoin they mine?

in LeoFinance3 years ago

There will be another 30% correction at some point here, my guess is it will start between $60k-$70k, but it's tough to tell exactly where it will start from. Past patterns (from the 2017 rally) indicate that is the range it may start from.

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Yes, but the real problem is determining where it will start. If it runs straight to $100k then even a 30% correction only brings it to $70k, over 20% higher than we are now. I'm not a financial advisor by any means but, as I've told every single person I know, multiple times, get in the game. Just buy some. If you wanna put in $10k, then put in $3k here and average in with the rest. At least then you're not sitting on the sidelines if it runs away from you. Get a piece and then decide when and what you want to do with the rest. Personally, I have an autobuy in to buy $100 every two weeks until it hits $100k. Hopefully it stays below that number long enough for me to get a decent amount.

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Good point. This is exactly what I was thinking of. We were just talking about it and a correction in BTC price is happening now. lol I'm getting in... :)

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Thanks for the tip, man. I will be watching the price closely.

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