Bitcoin dropped from $69,000 to $15,476 in about 13 months and is currently trading at $16,808.
Some investors, especially wealthy investors, are waiting in line to buy Bitcoin cheaper. Billionaire Mark Cuban also says he wants to buy Bitcoin at much lower prices. Detailed information here
Can Bitcoin drop further? For example, can it go as low as $10,000? Frankly, it's possible, but is it that simple? I'm sure buying Bitcoin for cheaper is the dream of many investors, especially wealthy investors, maybe that's why they may even pay a salary to those who spread FUD.
In my previous posts, I said that Bitcoin could have bad results for some projects as long as it stays below $20,000. And we all started to see these bad results. And as long as Bitcoin stays below $20,000, we may hear more bankruptcy news. I would also like to point out that the bear market is a great opportunity to build and those who take advantage of it will definitely be appreciated.
My friends know these ideas of mine, we met with them today, we both enjoyed the holiday and chatted a little. My friends ask me if we should invest at these prices to find out my ideas about Bitcoin. Honestly, I didn't expect Bitcoin to drop that low. So I told them that in my opinion current prices are pretty cheap for me. But what I'm emphatically telling them is never invest with the money you need in the short term. Because no one can guarantee that Bitcoin will not fall to $1000 in the short term. But I tell them they can get their profit in the long term. It could be a year later, it could be five years. It's a matter of patience. I usually invest long term, especially I have never invested short term in Bitcoin.
I would like to state that I am prepared for anything in the crypto market. But I would like to say that I am very surprised at the current prices, and many cryptocurrencies, especially Bitcoin, are traded at cheaper prices than I expected. Bitcoin is trading around $16800, ETH around $1200, BNB around $243, MATIC around $0.79, HIVE around $0.3, THORChain (RUNE) around $1.37, Solana around $11.34.
The number of those who expect more drops is not small at all, so perhaps there may be more drops. But , I don't expect any further drops, but the bear market continues to surprise me so I'm not sure if there will be any further declines. I just buy the dips and patiently wait for the bull market and when the bull market starts, I will watch as those who expect more dips will be baffled. There may be more drops in the markets, but what if the current opportunities are gone?
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Sounds like you had a nice chat with friends over cryptocurrency, I think the current price is a good entry for long-term buyers, am not good at timing the market so if I were to buy I will pick up some now, with the hope it will appreciate over time which am willing to wait for.
!PIZZA
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Thank you. Short-term investing sounds like gambling to me. It is possible to make good profits in the long-term in the crypto market with money that we do not need in the short term. We've had it in the past, hopefully we'll experience it again.
!PIZZA
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I think so as well, convert those spare cash to crypto and leave to appreciate instead of checking the chats often but some are good with short term trading though
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Of course, it is possible to make good profits from short-term investments, and sometimes I do this too. But a good education and experience is important for short-term investment.
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I too think that Bitcoin has bottomed out, but in the world of crypto wild and violent swings are not uncommon.
But there is a stress-free and free way to accumulate your Satoshis without worrying about the price of the Bitcoin - be it $1 or $100,000. I call it poor man's Bitcoin. It is a great tool, especially if you are in Bitcoin for the long term. It is 100% free and passive so you have nothing to lose:
https://peakd.com/hive-167922/@successforall/poor-man-s-bitcoin-why-i-use-crypto-tab-browser-as-my-free-bitcoin-mining-pool
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