Bitcoin is dropping in price and the media is going in hard. If you read my previous blogs I bought into bitcoin at $13,800 and have not lost any sleep whatsoever. Why? Firstly, worrying about something you have not control over is the most daft thing you could do in your life. It comes second only to panicking and exiting the bitcoin market with a huge loss.
Unrealized loses or paper loses don’t really count for much. The realized lose only occurs once you hit that sell button. For those that thought bitcoin travels in a straight line upwards they may be shocked. For those that can read a graph and see the pattern having been repeated before it is business as usual. This downturn if it continues will 100% shake out the weak or leveraged investors if we see anything south of $5000. Most will see this is a spiraling scenario. One thing for certain is there is always bad news ahead of good news. The crypto world reflects what happens in nature i.e. there is always a lot of pain at birth before something wonderful that you will love comes into the world…wisdom!!!
Everything stated here is opinion and should not be considered investment advice. Happy hodling 😊
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I heard some one saying in cryptos the win rate is 90%.
Are you adding more to your investment during this discount season?
If you plan to add more to your investment, you might want to wait till it falls under 3k. 3k bitcoin will be a very good deal, considering how high it could go by the year end.
Not an investment advice
I am sticking with what I have for the moment. But I will definitely buy more at around $2,500 if we reach there.
I read somewhere that it would happen somewhere around June end or July that BTC might drop to 3k.I am waiting to buy the dip as well.
That level is tempting. I could average down my purchase perhaps. However bitcoin is unlike and other assets it can go up 50% in under a week, so it makes waiting it out a far better option for me.
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