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Where will the price of Bitcoin BCH go?

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Avatar for francis105d1
Written by   292
5 months ago

The short answer is no one knows where the market will go next because not a single person controls the market, and when it comes to predicting the market, that is not an exact science. But we could use previous data to try to gain an idea. I must note that this article is not financial advice and only my opinions, and you should do your research.

To me, it seems like the current price action for Bitcoin is right around the previous high, and the last time the price dropped, the market recovered within two thousand from the previous high, which was in 2017. The Bitcoin price action has respected previous all-time highs a couple of times, so chances are that the current situation could be the same, meaning that Bitcoin is right on support and probably will not go lower now. Suppose the previous ATH can't support the price; that means lower prices are the way to go. We could see prices below $12,000. Whales are trying to create propaganda to dump the price or hold the current support.

But the real issue is not about where the price is going or if Bitcoin will continue its downtrend. The problem is, what are you doing with your money? That matters if you can take advantage of current low prices or are waiting for even lower prices.

If you were able to sell when the price was at least 50,000 dollars, you should be looking into buying right now at least the same amount you held before. If you could sell at even higher prices, you should be dancing on one foot because now you will have more dollars after buying at least what you used to hold. You get paid when the price goes down, not when it goes up. That means you sell when the price is high and buy back when the price goes down by the same amount of assets you used to hold, keeping the difference as your payday.

The last paragraph applies to all assets, whether they are cryptocurrencies, stops, or penny stocks, and it is the same principle, you should be happy when the price is down because you can buy more with the same amount of cash. I will say that Bitcoin Cash below $150 is just a gift, and you should be looking into accumulating today instead of later and leave some fiat set aside in case the price goes another 50% to the downside from where the price is, as I write this article.

If you didn't manage to sell the top, and you have been holding your coins since ATH until today, you better keep saving and not sell a single satoshi or fraction because chances are you would be selling just too cheap, and the bottom at the same time. If you didn't sell a few months ago, you better be a holder now because there is no point in selling now. We are not gods. We don't know if the price will continue to collapse for sure, so as humans, we have no choice but to take responsibility for our actions, and holding for dear life today is that being responsible for our money.

The price of almost all cryptos will go up at some point, and chances are we are already at the bottom. If not, it only means you will be able to buy even cheaper; the only thing you must do is get your pocket ready with some cash and rebuy the dip. And besides, when it comes to assets like Bitcoin Cash, you won't have to sell it for fiat because BCH will be accepted everywhere, peer to peer. This article will look foolish because no one will get the paper currency, and people will realize that paper is worthless compared to the Bitcoin peer-to-peer electronic cash system.

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Written by   292
5 months ago
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Comments

I do not expect a serious improvement in the crypto market until the end of the year. After the rise that will start at the end of the year, we may witness figures far above the old prices at the end of 2023 and 2024. I must say that all this is a prediction and a prediction based on the movements of crypto in the past years. Of course there is a margin of error.

$ 0.01
5 months ago

Old prices, you mean below $15k, and yes, by next year, we will have more data to base the predictions.

$ 0.00
5 months ago

So apt. Those who think that the dipping continues will sell now, but what happens when the price rises more than expected. Regrets

$ 0.01
5 months ago

The market will always go up at some point, which is when those that hold are rewarded.

$ 0.00
5 months ago

Discribed the formula very well that sell on peak and buy on bottoms. Those who get the benifit in pump are now ready to buy in Dump. Yes , no one can predict the price but sure it will be recovered!

$ 0.01
5 months ago

I think it is time to buy and if you didn't sell above $50k it is time to hold.

$ 0.00
5 months ago

I hope that Bitcoin cash will be accepted all over the world as a peer to peer currency. We just need to be patient.

$ 0.01
5 months ago

Good things come to those who wait

$ 0.00
5 months ago