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Bitcoin fully recovered above $40k

  • Thread starter Thread starter ahmedo24
  • Start date Start date
I don't think anybody lost money though. Instead people made a lot of money, those who invested the Bitcoin when the price was 29k dollars of course I've made a lot of gain. Bitcoin is something that even if it's falls to 5K dollars, it will surely rise again. So, I think people made a lot of gains not losses.
 
Chibson1 said:
I don't think anybody lost money though. Instead people made a lot of money, those who invested the Bitcoin when the price was 29k dollars of course I've made a lot of gain. Bitcoin is something that even if it's falls to 5K dollars, it will surely rise again. So, I think people made a lot of gains not losses.
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Some people lost money because they Invested at $40k with hope for $50k but it was dropping to $32000 they were scared and rush to sell their coin to manage the loses minimally.
 
I saw earlier the price of bitcoin was around $40k again but then it dropped slighy. Though there's nothing to worry as it's only a matter of time that it will reach a new peak again. We just hav to be patient and wait.
 
online business is not as always easy and sweet to run like the way people do view it or the way people do say it have gone weeks without earning any sales profit cause of the situation of the country caused by the corona issue (covid19).
 
The volatility and unstableness of Cryptocurrencies especially Bitcoin is making me to be tired, thing is really unpredictable and if you not smart and have enough knowledge about the market and trading you will lose your money in a jiffy.
 
The price of Bitcoin can be going up and up depending on the factors that affect the price aside from the supply and demand. To be honest, I am not well-versed with Bitcoin but I have read a reliable article that there are hidden reasons that affect the price in the market. If you had read in this forum the thread about the tweet of Elon Musk, that is one good example that affected the price of Bitcoin without the reference to demand and supply.
 
No doubt that Bitcoin is fast moving forward in price and with the way it's surging higher I'm already believing what some analyst said that the crypto currency will reach up to 100,000$ in the next few months. As a newbie in this game one just need to find a position and seat back to also make profit from it
 
This is really serious with the way bitcoin is going the hit of $100k might be inevitable from my point of view and to think that someone like me have been hoping that bitcoin will drop so that I will buy it and hold, now I don't even know which way is it to buy it this high?
 
Wow!, this is a great information indeed the rise of bitcoin is highly eminent, bitcoin is set to rise despite the government actions against crypto currency in Nigeria. The currency is still thriving and nothing is going to stop it from soaring higher. The cryto has really brought about a phase lift for somany people.
 
I think the strategy of the btc holders is to hold on for a long time instead of selling just because it reached the new ATH of 40k dollars. They have their own predictions and strategies especially those holding large amounts of btc. They are used to such scenarios so they already know what they are doing.
 
Not so stable yet but it's clearly visible where it's heading to. Not sure it can maintain a 40000$ price range. Unless market forces change it being in the 30s seems more stable I believe. But then panick and fear of losing it all would have gone by now
 
Concerning the topic on nitcoin right now, I would say bitcoin has seen a lot of activities within the past few weeks after there was a fall from 40000 USD to 29000 USD in January and has been ranging within that price for a while now and lots of people sold out their cryptos but for the wise ones who continued trading are currently very happy because they can make money either way
 
Yes, it is a good
ahmedo24 said:
As at the time of writing this thread bitcoin is trading at $40,300 which shows that after one month the price of Bitcoin recovered from it crash of about $29,000. Lots of people lost money, smart people traded within this period and made money. What more can you say with this recovery?.
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News if this is real. People lost money sometimes and people do gain . On like Bitcoin recovery, it will be very ok if it comes back mightyly again . It is on this note I appreciate BIZDUSTRY. Infact you are making life better.
 
Wow! Like am really happy right now. So 1 btc is now over $40k? This is massive and thanks for the update. Digital currency is taking over. But just that our goverment here are kicking against the moment of this development and this has now made it difficult for us to do normal fiat transaction in combination with cryto.
 
Yes it crossed $40k and now back to $38.3k this is what volatility of btc and crypt currency world. It will cross $40k again very soon. We should invest in btc and then let it increase for 3 4 months, then you will get huge reward of patience.
 
Definitely, I was very energized seeing bitcoin value cross the $40k mark by and by.
Despite the fact that I'm not putting much in bitcoins however altcoins, I was upbeat about this on the grounds that normally, the development of bitcoin straightforwardly/by implication influences the cost of other elective coins. Investment in bitcon these days is good for investors.
 
ahmedo24 said:
As at the time of writing this thread bitcoin is trading at $40,300 which shows that after one month the price of Bitcoin recovered from it crash of about $29,000. Lots of people lost money, smart people traded within this period and made money. What more can you say with this recovery?.
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What I have to say is that smart people should always hold onto their Bitcoin when there is price dumps. This is a scenario that you can't control, but having faith in the coin is what you can control. Please, do this and you won't lose money when the price begins to appreciate again.
 
Henrywrites said:
What I have to say is that smart people should always hold onto their Bitcoin when there is price dumps. This is a scenario that you can't control, but having faith in the coin is what you can control. Please, do this and you won't lose money when the price begins to appreciate again.
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When you have a good history about a coin you won't do panic sales any day any time, there are some coins and tokens that I have watched them for a long time so I know when to sell and buy them .
 
ahmedo24 said:
When you have a good history about a coin you won't do panic sales any day any time, there are some coins and tokens that I have watched them for a long time so I know when to sell and buy them .
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This is true, though I don't totally blame these people that always think that what matters is selling when price is going down. This is just a way to show that they lack the willpower to do what many experts do when trading which is to hold on while it last.
 
Bitcoin is doing great by raising in value every time to time, Bitcoin is not up to $40k. That is great for patience investors who were not rushing to sell their Bitcoin when it was falling down last month. However, the way the Bitcoin is raising can make me predict it that there is possibility for it to reach above $50k at the end of this year.
 
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