Hello everyone,
How are you all? I hope everyone is fine and doing great in their life.
I was going through my Twitter feed and came across a post claiming that Bitcoin is about to fall to 45,000 USD in the next 7 to 10 days. Posts like these are very misleading, but many people still fall for them and end up making poor decisions with their portfolios.
You need to understand that at this moment, if you are holding your assets, you are a holder and not a trader. There is no point in selling your tokens and trying to buy them back at a lower price, especially when the market has been stable for weeks in the 80,000 to 90,000 USD range.
This stability itself shows that the current range is strong. Even if the price goes slightly below this range, it is likely to be a liquidity sweep and not a major breakdown.
Even for traders, I do not think it makes sense to take risks with spot holdings at this stage. Short term traders may try to trade later, but even then, selling spot holdings now with the expectation of Bitcoin falling to 45,000 USD is not a wise move.
No one can predict exactly where the market will go. Market makers are capable of pushing prices very low, even below 45,000 USD, but current charts are showing a different story. The market is strong at the current levels, and the next major range to watch is between 90,000 and 95,000 USD. After that, higher levels can come into play.
You can visit my profile and check the charts I have shared for Bitcoin over time, as they have worked well so far.
Stay away from misleading posts and do not compromise your spot holdings, especially if you have been holding them for years. If the market rewards patience in the coming months, you should still have your holdings with you.
Personally, I am still holding my portfolio even though I am down by a large percentage.
I have almost lost hope of recovering my initial investment, but I am not selling at this point. At the very least, I want to recover as much as possible. I believe that aiming for 3x or 4x returns is realistic over time, not instantly.
After June or July next year, I do not see much reason to keep holding. That period may be the last positive phase before the bear market begins. After that, a major crash across the entire crypto market is very likely.
This section is for the games I play on Hive blockchain. You are free to skip this section if you are not interested in reading about the games here.
In the screenshot below you can see my terracore base and we are given penalties for the second time as you can see the max possible attacks to collect has reduced by 2 counts and which means that there is no option but to upgrade our stats today.
We upgraded the damage stat alone and then used the five attacks for which the results are shared in the screenshot below and they are not so bad especially after missing one attack so it was actually 4 attacks that brought that much scrap for us today.
I am happy and that was all we did in the terracore base today.
Thank You and make sure to check Crypto Company CEO services as I recently shared in my blog. You can simply click on the picture below and it will take you to their official website.
