Bitcoin down to 20,700

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BMR Disputes Matt

BMR Disputes Matt

Joined
May 18, 2022
Messages
111
I think it is time to refuse from bitcoin and just sell it. Personally, I have already exchanged it using my crypto wallet into 2k euros.

Well, maybe I am doing a big mistake and BTC and Ethereum will rise in a cost next year or months but I doubt it. Today the situation is a bit stable but tomorrow some Elon Musk or Bill Gates will decide to buy/sell something and the situation will be unstable again on the market.

Seems like the second half of 2022 year will be interesting...

Buy high and sell low is not a good solution.
 

Tanko

Tanko

Joined
Oct 27, 2021
Messages
32,979
I'm having trouble seeing any upside to crypto right now.
Conversely we could easily see it drop. There is a support level at 17k and then 10k so it could drop quite a bit like JDSexpress was saying.
 
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BMR Disputes Matt

BMR Disputes Matt

Joined
May 18, 2022
Messages
111
How low do you think it will go?

Don't try to pick the bottom. Better to decide where you think it will go to within your time frame. If that is say $60K, then look at it like for every $100 you save as bitcoin you are really putting away $300.

And just like gambling don't save anything more than you can easily lose and not notice in your life. A little bit each week whilst it is trending down could be a nice nest egg in a 5 years time.
 

Wagerallsports

Wagerallsports

Joined
Mar 6, 2018
Messages
42,349
Don't try to pick the bottom. Better to decide where you think it will go to within your time frame. If that is say $60K, then look at it like for every $100 you save as bitcoin you are really putting away $300.

And just like gambling don't save anything more than you can easily lose and not notice in your life. A little bit each week whilst it is trending down could be a nice nest egg in a 5 years time.
Solid advice
 

rolandcorts

rolandcorts

Joined
Feb 10, 2022
Messages
939
In 3 years (when Dems and woke politicians are destroyed in elections and the economy recovers) people will be kicking themselves for not buying around this time. Crypto will be the first area to see recovery just like it always tanks before the 'real' economy does.
 
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