I’m tired of it esteemed readers. Bitcoin predictors talking about 1K or 100,000K prices. Stupid.
I’ve been involved in trading and crypto for nigh on 15 years. I have seen markets drop and then recover, it’s what happens, it’s life, that market movement actually allows traders to make and lose money. It’s part of life.
Even today I see a commentator predicting the end of Bitcoin. Stupdily, he didn’t notice that Gold has dropped far further than our Cryptocurrency friends.
A drop like this is an opportunity to buy into the currency. It will hit a certain point where there will be a mad buying frenzy and it will rocket up, then drop back to half way of that and proceed back to what we call “fair price” for the currency.
What are we waiting for, a Bitcoin miracle?
Essentially, a cure for coronavirus and an agreement about oil. Buying now is probably not a bad plan although it could fall lower.
All these people predicting prices are on the whole picking numbers out of the air. Don’t listen to them, get a charting package or broker and do your own research.
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