“Time to buy or sell” is an eternal question in the cryptocurrency market with its daily ups and downs.
If we look at the charts, we see that in March bitcoin fell to $37,700, in April its rate recovered to about $38,900.
And although the market has witnessed a plunge since mid-March, bitcoin is quite capable of continuing its fall to $30,000. That said, the market is still in a high-minimum situation, which could lead to another rebound.
Crypto analyst and youtuber Lark Davis tweeted that so far “my order to buy bitcoin at $37,500 has not been executed on this dump.”
He then asked his followers if they thought bitcoin would fall to $30,000 or lower. 51.2% answered “no,” and 15.6% said “don’t care.”
Regarding the number of “indifferent,” Davis said those who believe bitcoin will rise to $1 million shouldn’t care about the current drop. He added, however, that most people are affected by the ups and downs of the market, so they try to buy during the downs and sell during the ups.
At the end of the video, the crypto trader mentioned a tweet by TrustSwap CEO Jeff Kirdeikis, in which he wrote:
Generational wealth is not earned through impulse buying when the trend is bullish.
Generational wealth is earned through long-term positioning in moments of peak capitulation and fear of safe investments. The bottoms are your friend.