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what do you think will happen to bitcoin (short term)

what do you think will happen with bitocoin in the next like 2 days, its been going a bit down today but will it keep on going down lol

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What colour do you think the roulette wheel will land on?

 

Short term Bitcoin "investing" is basically gambling. It's so volatile, you can't predict it. Maybe overlord Bezos will tweet about it tomorrow and it will skyrocket again. 

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2 minutes ago, Oshino Shinobu said:

What colour do you think the roulette wheel will land on?

 

Short term Bitcoin "investing" is basically gambling. It's so volatile, you can't predict it. Maybe overlord Bezos will tweet about it tomorrow and it will skyrocket again. 

no im not talking about short term investing, im talking about the price of bitcoin shortly. but really i posted this as a what are your opinion on what happens, im not taking any finacal advice.

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2 minutes ago, adarw said:

but really i posted this as a what are your opinion on what happens, im not taking any finacal advice.

I think looking at weather forecast is gonna be more worthwhile to know when to buy Bitcoin. There's a butt tonne of factors to it.

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Just now, adarw said:

no im not talking about short term investing, im talking about the price of bitcoin shortly. but really i posted this as a what are your opinion on what happens, im not taking any finacal advice.

Post still stands, you can't tell, it's too volatile and subject to massive price fluctuations by things as simple as a tweet going one way or the other. 

 

In 2 days, without any external influences like billionaires tweeting about it, it "should" stay relatively level or keep whatever trend it has going currently. But again, it only takes one thing or a rumour to make it rise or fall by thousands of USD in a matter of hours. 

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Well technical analysis seemingly looks like a downtrend and also this whole Evergrande situation.

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It'll probably go up again at some point. You are witnessing "FOMO" and "paper hands" in action. People saw the initial small drop/correction/crash, whatever you want to call it, and now they are afraid it will drop more, selling a lot of their holdings and thus actually causing that massive drop themselves. This is why you shouldn't care about or try to make short-term gains. BTC is still worth 4 times more than this day last year. Buy the dip (not financial advice).

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If the past 10 years have indicated anything, it's to buy and hold bitcoin.  

When it was pennies per bitcoin, nobody thought anything of it. 
Then it went to a few bucks per bitcoin and people thought they missed out. 
Then it went to a few hundred bucks per bitcoin and people thought they missed out.
Then it went to a few thousand bucks per bitcoin and people thought they missed out.
Now it's at tens of thousands of bucks per bitcoin and people are thinking they missed out. 

See a trend?  

Be willing to lose the money, but just buy some and forget about it.  In 10 years there'll be a bubble where bitcoin breaches a million per coin and you'll be glad you did.  

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  • 2 weeks later...

to the MOOON it will be 100k for sure in 2 days

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  • 2 weeks later...

Your prediction was wrong, lol.

I think BTC is gonna go down in 2-3 days but then up again. But cryptocurrencies are in general pretty volatile, so it's hard to predict anything. My only strategy is to get more bitcoins when they're going down and they sell a part of them when it goes to the moon. I usually use https://bittrade.one/cryptocurrency-converter when I need to understand when I have to sell or buy. Sometimes it's difficult to understand the crypto market, but it's still better than using fiat, lol.

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