Will Bitcoin drop below $9,000? Should You Buy or Sell?

in threespeak •  5 years ago  (edited)

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Nordic Marius asks "Do you see Bitcoin going lower than $9000?".

Here's my response!

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I think it will drop below $9000.

Posted using Partiko iOS

I think BTC will reach a new high in the following weeks or months due to BAKKT launching and BTC halving.

I hope it's doesn't drop we are believing it will increase more than the present price some day

Currently I don't hope it's drop at that amount but there is no big deal if any one should sell or buy at that amount

In my opinion, I will implement a buy strategy when prices drop and sell when prices up. So if bitcoin falls below the price of $ 9,000 of course I will buy.

It may but it doesn't matter when we consider the long term perspective. These are just buying opportunities. We don't know if we can buy bitcoin at this price again. DCA

If you predict a drop in BTC, you can short selling to gain profits as well, on some platforms like BitMex and Bitfinex

What if there is $500 green candle recovering. You lose money

It might drop lower than really but one can't really tell I think currently we Will be seeing an increase but if you're talking about an all time drop for $9000 then it's still possible I can't really tell.

It will increase before this week runs out, that's my thought

Posted using Partiko Android

Well I'm really excited though @louisthomas. It would be awesome 🌟 to see Willy Wu's(sorry for my spelling 😂) analysis about this bull🐂 run to be wrong. If Bitcoin can drop to 7k or 6k. That'd be sweet 🍯. And i wish it does.

Perhaps a fantastic opportunity to buy more BTC cus on the long term, we'd see six figures per BTC due to some obvious facts. Seeing BTC at 7 or 6k may be the last time we'd see that kinda price. So, I'm really not worried if it goes down. It's an opportunity to acquire more BTC instead ✌

There are lots of buyers at around $5000-$9000, if it goes there it will be short lived 🤑

Posted using Partiko iOS

If it drops bellow $,9000 definitely buying possibility is much more than now, though it depends on personal thinking

That was very good Bitcoin trend analysis. It would be unwise to be too certain about future prices, I liked your earlier video about Bitcoin Halving, that would be historic event, and this event might also trigger up/down, whatever trend, I don't know. Lets have diversified investment into multiple industries.

At these times we should buy coins

  1. To make the market stable.
  2. Thinking of the long term and to make better strategy.

Wow 😮 😀. The price keeps dropping as expected $8.5k tonight. Cheers 🥂 @louisthomas

Holy, wait to get it back to 3,5K like earlier this year ^^ Then, all in!