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    HomeBlockchainAnalyzesBitcoin could fall below $30,000. That's why I keep buying bitcoins...

    Bitcoin can fall below $30000. That's why I keep buying Bitcoin and HODL regardless of the circumstances.

    I am writing this because the price of Bitcoin is $39K. The price of bitcoin is clearly in a range from which it can neither top nor bottom. With an ATH of $69K reached in November 2021, the price of bitcoin is currently at -43% from its ATH.

    For some, this is panic as market sentiment is still in extreme fear. Some believe much worse is to come and that bitcoin will enter a bear market very soon. Many of these bearish people are predicting bitcoin below $30,000 soon.

    As you know, this is not my opinion. I remain bullish based on various indicators such as BTC reserves, which hit a 4-year low on exchange platforms . I think more and more people are going into hoarding mode for what is expected for bitcoin in the coming years.

    However, I could be wrong and the bitcoin price could fall below $30,000. After all, bitcoin is a free market. Anything can happen in such a market where users are permanently free to find the equilibrium price. Let's imagine that the war in Ukraine leads to World War III. You can be sure that the price of bitcoin will suddenly drop below $30,000 due to the panic of all investors.

    We cannot control these events, as you know.

    But should I refrain from buying bitcoin despite this opportunity? My answer is no . I continue to buy bitcoin regularly using my DCA strategy which has always worked for me so far. I was already doing the same in 2018 for example.

    So I bought bitcoin at almost every price level during the extended bear market in 2018. I did the same throughout the bull market in 2021. What you need to understand here is that the only thing I care about here is the future that awaits bitcoin . I am only focused on bitcoin's long-term goals . Under these conditions, the price of bitcoin may fall further in the short term, but it won't have a direct impact on me because I'll remain a HODLer no matter what.

    And I believe the price of bitcoin will be higher in 5 years, 10 years, 20 years, ...

    So I don't see the point in taking risks by playing the trader who is trying to sell his bitcoin to try to buy it back at a lower price. At what point do I re-enter? Why should I sell an asset I believe in anyway?

    It made no sense, except to let my greed override my sense of logical reasoning. But that's not what I want to do. I want to dominate the situation and remain calm. To do that, I continue to implement a DCA strategy no matter what. Of course, this strategy can be adapted. You can decide to increase your purchases of BTC after a significant drop in its price, for example. That can be smart.

    However, you should keep in mind that bitcoin is still an accumulation game for years to come . If you can't handle the current situation with the risk of the price dropping to lower levels, it's probably because you don't fully understand how bitcoin works, but also because you lack confidence in the bitcoin revolution.

    From there, your best option is to continue learning more about bitcoin and the economy. Eventually you'll get to the only question I have:

    Do I think central banks will stop printing fiat money out of thin air in endless quantities in the future?

    My answer is no, because as the Fed just increased the M1 money supply by +420% over the last 24 months . Under these conditions, patience is my best ally with bitcoin. I encourage you to develop this basic quality as well, which will allow you to take care of your money in the years to come.

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    Sourcessaurel

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