BTC Dumps: You Say Cry? I Say Buy

As the price of BTC continues to drop, having fallen now below the support of 9k and sitting in the 8k range, many will be wondering what’s next. Fear is continuing to take over the markets, as the DOW falls and stocks tumble, people will be making the move to sell.

Those of us in here since the great fall of 2018 have seen it all before.

It’s important to keep a cool head and maintain a long term vision. Yes, these drops hurt. But they do not single an end. Tethering up might be a good idea for some. Others will just sit through the red candles and DCA.

What is the long term vision for BTC? I follow the belief that post-halvening will see a climb in prices, as it moves into a new market cycle.

 I found some really nice charts from Blochchaincenter.net that will show you what I mean.

The fundamental assumption is that the value of BTC down the road will be more than it is today. Call this greater fool theory, call it fundamentals. Call it what you want, but this assumption is what will give you gold, should it turn out to be correct.

Should BTC fall out of the rainbow chart…well. That’s when you should actually worry.

We are in a nice buying range. We are approaching an even nicer buying range. ANY position that is on the low end of the rainbow is a nice spot for DCA, weekly or monthly. Goes up? Fine. Goes down? Fine. But DCA in now and, a year or two from now, you will have a nice amount to sell.

Have faith, relax, turn off the computer and enjoy your day. Keep a long term vision and stay cool out there. DCA and enjoy time with your friends and family or chat with others on this platform.

Hold.

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