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[AudraMiller]

The price of bitcoin is very volatile and for many peopel they are unsure whether to invest in bitcoin right now or if there is another major dip in the price that is heading our way in the coming weeks. According to the CEO of the DoubleLine company, he predicts that the US dollar and bitcoin will lose a lot of this value in the short term and that bitcoin could drop to just below 25k USD in this price drop. This will provide a great opportunity to buy and increase your investment into bitcoin or for peopel to start getting invested in this coin. What are your thoughts on this?

 

[Wisdom01]

I dont really want it to drop to that extent of $25k , those who bought at the range of $60k would be discouraged to hold again and might quickly sell ,because if been pessimistic about a comeback

 

[CryptoStar19]

A breakdown to as low as 20k (give or take) is certainly in the books and in fact the expectation for the bottom of the bear market of the current cycle... it is the when that is much less certain.

 

[Snowmansolito]

It remains really surprising that bitcoin could drop this far below the expected price even after rising up to 60k early this year. My thought was that it will keep going up due to the fact that more people invested bitcoin since the start of corona virus.

 

[Yugocean]

Once Mr B was offering me withdrawal when BTC was at 15k, it was a mistake to not to accept then. Now even 25k is worth to invest, how time flies.

 

[SCAMEXPOSER]

The most painful aspect with some of these cryptocurrency analysts is that their prediction are empty , they don't have fact or analysis to back if up.

 

[Josemendez]

As it stands now , I am no longer comfortable in bitcoin Volatility and thus I have removed my mind from it. I will just holdl my bitcoin and then watch the market.

 

[leithy]

At the moment there is no clear direction for bitcoin, or other cryptos. Therefore I am neither a buyer nor seller. I am holding and staking hoping for recovery although I am still in , small, profit.

 

[SCAMEXPOSER]

At the moment there is no clear direction for bitcoin, or other cryptos. Therefore I am neither a buyer nor seller. I am holding and staking hoping for recovery although I am still in , small, profit.

You are very correct , the price is only flauctuating not directional making it difficult for small Investors to make decisions . I hope the market recover.

 

[Yugocean]

I think we are still at right time. I remember one of our friend in BMF was collecting Bitcoins when it was at $8k, however Bitcoin then got another hit to drop at 3200$; I don't know the update, but now if we count, $8k is very cheap for Bitcoin.

 

[CryptoStar19]

Well we have now been consolidating towards the lower end of the 30k to 40k range we have had for many weeks now... so yes this is a sign of weakness and makes further losses more likely.

 

[SCAMEXPOSER]

Why is this Bitcoin going viral everyday? Bitcoin as now become the topic of each day and everyone keep saying that Bitcoin will rise or fall. All indicator are based on probability and the actual fact is that no boby knows what it will happen tomorrow concerning the market. How I wish I could understand what is forex and the ideology behind everything. What the world tends to gain from the world of crypto.

The level of adoption of Bitcoin is on the rise because people needs financial liberation and privacy which cryptocurrencies is providing. Forex is just foreign exchange trading .

 

[SCAMEXPOSER]

Volatility is the biggest challenge of most countries especially the ones with fragile economy but personally I don't think there will be drop in price now rather a recovery.