So many people are still unhappy about the value of Bitcoin currently but for me it is actually one of the best values of this still peculiar asset which not many people are not using. But this digital asset is working well with its predicted price because of its fundamentals, it is only that we have to be more patent because external forces like economic and geopolitical disruptions really gives Bitcoin its volatile nature more apparent and plus the fact that it stirs emotions, the move on the way up gets so bumpy.
Regardless of the bumpy ride up, we can still have a sure hope that the price of BTC in particular will work for us. The thing is that we still have more and more patience because the movement of BTC is always affected by so many things because it is an "internet money" and ripples and waves across the Internet in general quite nudges it time after time and for time to time. So as many say, there is no straight line up for the value of BTC but most of the time it is spending its time on the edge of selling, in the bear market years, and in the final months of accumulation until a few months of bull market happens and back down to selling years again and then the cycle starts again.
Again, the fundamentals of Bitcoin is what makes its value go up for the long-term and it just requires time. However it pays to wait because the longer we would wait, the more value we get for just "hodling" BTC. We are just lucky if we also have other types of crypto that we are holding that pays us dividends because we can use the earnings that we gain from it to help us wait and cash-out and then use the money for our interests may it be to fulfill our needs or wants in life for another long-term goal that we would set for a more brighter future.
Personally it only pains me to wait because of my literal stay on this world, I only have less time which is why I cannot wait until BTC gets more expensive which is one of the appointed time for me to sell. My reason of course for investing on it in the forts place is to make money so I really am very eager to reach my goals before I die but it is in the game and I cannot change the status quo. However I am still in the best state of waiting situation because like I mentioned above, I also have the means to wait some more time to allow me to cash-out BTC without cashing it out in the worst time or instance possible because I am earning a passive income. In other words, I can cash-out BTC at its or near its peak prices.
I already have a game plan set for selling and re-buying BTC and you can already know what it is by this statement alone. It is because BTC will always go to the bear market and this is what is good about cryptocurrencies or BTC for that matter because of the opportunity it always sets for all of us to "catch the BTC bus" because it always picks us up even if we miss it and again all it will take is patience and more time because BTC will just get being more scarce, adopted, and volatile and it is already working as it should especially to those that have it already.
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Hi @cryptopie I thought it was likely that BTC would drop again to something like 30k before rising again in a year or so, or do you think in your opinion this is unlikely now?
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Hi @simonjay, even if BTC would drop to such price levels you had mentioned, it would not be a worrisome event because BTC will just soon recover because of the current demand for it via the ETFs.
BTC currently dipped because of the sell-off coming from Microstrategy but it is just a part of volatility or "noise" on the wave of BTC movement. We always have to see the big picture which is the charts and we will have the idea on how BTC will go for the next few months and years.
If there will be no major global events will happen like another big war or another pandemic to cause another supply chain that would pin down the global economy, I think that it is unlikely that BTC will drop to 30K because there are more factors for BTC to head up in price like inflation and a possible quantitative easing to name a couple.
This doesn't mean that BTC will not go back to bear market because there will always be another bear market and the evidence for that is again, the charts. 😀👍
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Thank you for taking the time to reply @cryptopie, I'm not worried about any BTC drops, if BTC wouldn't keep going up and down it would be harder for some people to make any profits.
I guess all I was asking is if it was possible in your opinion that during a bear market for BTC to drop to around 30k levels again. Thank you for answering this question.
I guess now I will have to wait on the next bear market to come round again, I think last time this took around 1 year of waiting for bear market to start again.
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Hola, amigo. ¿No crees que con la reelección de Donald Trump el BTC pueda alcanzar algún valor récord?
Otra pregunta: ¿Por qué otras criptomonedas como el steem aún no han podido irse arriba y siguen estancadas?
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Sr. Trump es muy vocal sobre el apoyo a BTC o cryptocurrency y podría exponer cryptos a más estadounidenses en particular que tiene los mayores clientes y clientes potenciales de cryptocurrencies en todo el mundo y ese factor sólo tendrá un impacto positivo en el precio de BTC y otros cryptos en mi propia opinión.
Los precios de las altcoins siguen estancados porque no mucha gente está tomando beneficios de sus tenencias de BTC. Así que una vez que BTC suba lo suficiente, la gente que empiece a tomar beneficios empezará a comprar Altcoins de nuevo.
Los precios de las Altcoins sólo tienen unos pocos meses de espacio para acercarse o superar sus valores más altos de todos los tiempos y sólo depende de lo rápido que BTC salte para alcanzar su precio previsto. Usted puede saber cuánto alcanzará el precio de una Altcoin basándose en su historia en correlación con el movimiento del precio
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Muchas gracias por la respuesta. Que te mejores, amigo. Saludos.
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Upvoted! Thank you for supporting witness @jswit.
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