August 11, 2020

BlogCoinz

Cryptocurrency and Technology

HODL The Line!

The Twittersphere seems to be unsure about the state of the market. With Bitcoin in a tight channel preparing to hopefully make a move to show us what direction the market will be going in, it has so far been stagnant for the most part.

Bitcoin has been steady in the 10-11k range the last few weeks sitting around $10200 for most of it. Currently, the general vibe from the community is if we go below $9800 we are heading back down near 7k where the opposite is calling for another bull run to 25k.

The question you need to ask yourself is am I trying to make short term gains or long term gains. If short term you will have to decide if you want to wait and risk it or go big. If you are long term then I personally believe BTC will be well over 25k in the long run. Personally, I get burned if I sell typically and I am in the mindset of a long term investment.

At the end of the day, I personally think Bitcoin is going to continue to make gains this year and we will see another surge before the end of the year but that is speculation and my opinion.