BTC will never remain down forever

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Hello lovely people of Hive and Leofinance community. Hopefully you will be enjoying your life with good health and spirit. Friends, bearish trend continue in crypto market as the market observed 2.02% dip in last 24 hours. Current global crypto market cap is around $1.05 Trillion. Almost $20 Billion wiped out from the market in last 24 hours. Overall red color dominance observed in market.


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BTC the king of coin, which already achieved $68,800 worth is currently trading around $26,000. BTC unable to perform well in last couple of months. Despite not performing well BTC is the king of coin which control the market. Overall dominance of BTC is around 48% of the marketcap. This reveals the influence of BTC over altcoins. Alt coins heavily depend upon BTC as a result alt coins also observed massive dip.

This is not the first time BTC observed dip in price. if you check out the history of BTC you will observe coin had already faced such situation in the past. Just checkout the data of BTC in previous years.




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Since 2010, BTC never observed dip in price in two consecutive years. This reveals the coin has huge potential to bounce back. BTC was trading around $17,000 at the start of year. If we compare it with current price it is almost 53% up from the year starting price.

There is no need to panic if you hold the BTC. Panic force you to sell coins at cheap price which may give you permanent. If you believe in BTC, just keep your asset intact as BTC has tendency to bounce back any time. In my opinion the best strategy is to invest on BTC with each dip. I'll never suggest you to consume all your equity at once, you must buy in instalments. It will help you to acquire more coins with same price. What is your opinion my friends?

This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.

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11 comments
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The dip, the opportunity to buy more, and for those that currently have BTC HODL it.

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A lot of times these dips are a result of manipulation so that the weak hands sell and the big players can buy cheap

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It is a fact that even if the market goes down during this time, those who have money should buy because till now it has never happened that the market went down and did not go up again this time. But now only a few months are left to worry, after that the prices will go up a lot.

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I'll never suggest you to consume all your equity at once, you must buy in instalments.

That's an advice to be care about.

There is no doubt in it that BTC controls the market. As soon as it faces the dip, every other coun does.

It has already faced several ups and downs, it bounced before and so it will bounce again.

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I strongly believe the next bull run might push BTC to 100k

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Market is testing our patience, I'm patient, lets where it takes us.

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