$BTC for 80k. Would I take it for the long term right now? Yes.
If the horizon is at least half a year+, the price is fine.
Could it drop from here to 60k or even lower? Yes, it could. I think it’s unlikely, but completely ruling it out would be stupid.
And if that happens—what’s the problem?
There will be a drawdown; we’ll buy more. You can even slightly exceed your usual comfortable position size if you understand in advance that you might have to sit in the red for a while.
A drawdown by itself doesn’t make the purchase a bad idea.
My logic here is simple:
80k is a fair price. If it goes lower, great—we’ll add. If it doesn’t, we already have a position.
And you can catch the perfect bottom without me. Usually everyone sees it perfectly only after the price has already moved away from it.
P.S. If the info is useful, give feedback—I'm always interested to read what the community is thinking.
$BTC #bitcoin #BinanceSquareTalks
If the horizon is at least half a year+, the price is fine.
Could it drop from here to 60k or even lower? Yes, it could. I think it’s unlikely, but completely ruling it out would be stupid.
And if that happens—what’s the problem?
There will be a drawdown; we’ll buy more. You can even slightly exceed your usual comfortable position size if you understand in advance that you might have to sit in the red for a while.
A drawdown by itself doesn’t make the purchase a bad idea.
My logic here is simple:
80k is a fair price. If it goes lower, great—we’ll add. If it doesn’t, we already have a position.
And you can catch the perfect bottom without me. Usually everyone sees it perfectly only after the price has already moved away from it.
P.S. If the info is useful, give feedback—I'm always interested to read what the community is thinking.
$BTC #bitcoin #BinanceSquareTalks