Bitcoin is spoiled today and is approaching $96,000, and this makes many people ask: Should we sell or buy? Let's see the story from the beginning!
🚀 Why is Bitcoin expensive?
The main reason is that the market is going through a state of optimism, and there is a good injection of liquidity, and also large institutions are entering to buy in large quantities. In addition, the supply of Bitcoin decreases with each halving, and this increases the price due to the increase in demand.
📉 So, is it possible for it to go down again?
Of course, the market always has ups and downs, and Bitcoin is known to be unstable. It may pass 100,000, and it may go down a little before completing its journey.
🤔 Should we sell or buy?
- If you have had Bitcoin for a long time, you can sell a small portion if you think you need the cash.
- If you are still planning to enter, wait for a slight drop, because entering during FOMO can be a big risk.
- If you are thinking of investing for the long term, Bitcoin has always been profitable in the long term.
In the end, the market requires patience and planning, but Bitcoin is certainly not a two-day game! 😉
