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The Price of BTC going downward; Is it a Good sign or not?

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@nainaztengra
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Last couple of days we again see some action happening around the price of Bitcoin. Finally it has broken the resistance level and gone down below the mark of 9000$ and also going below 8000 yesterday$. There are a lot of Crypto skeptics who are giving out their probable predictions.
So below 8000$ what is going to be the next level and how low can it get? Some say it should be 7700 or 7500 or 7000$, if it goes below 7000$ are we going to get into one more bear market which may last for another 1.5 years approximately or do we rise from here and then look forward to the much awaited bull market.

Well nothing can be said for sure and no prediction can be accurate when it comes to predicting the BTC price. All that the experts can do is speculate and we can wait and watch but nonetheless these are some golden moments to get into buying more Cryptos. I had been trying to convince my sister to buy some BTC and finally she agreed to invest in it. In the last 2 days when the prices fell I took the opportunity for her and got it in fractions. Though the price is high it is still a lot and moreover I will see for sometime if it goes down further can buy a few more and average it out. But I am glad that she finally took the decision of buying after me persuading her for almost 2 years. If she would have agreed it at that time, she would have been holding a much bigger share at this point of time, but nevertheless better late then never, she finally has some holding.
Along with my sister, I also convinced one of my very close friend and she too got into buying some if it. I am feeling glad that more and more people are now looking at the option of investing into Cryptos.

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As my son tells me, that Mom 3 to 4 years down the line it will not matter whether you got it at 8k or 9k but yes if you don't buy it now also it will for sure matter to the ones who were told and they still did not decide to buy, and I completely agree with him. May be these are really the last few months to get into these prices and if it goes up from here we may never see these prices again, or it can go down further and we may be in a position to buy more, but that is a gamble one can take. I would still advice for the ones who are still contemplating the price to go down to buy some part of whatever they are planning to now and then can average it out if it goes down.

When you know of something good out there in the market and your close people get shut to it, you feel sad that there is a golden opportunity to make something out of it and they are missing it. I am at peace now that she has some share of it even though it is small, but in the long run it will make a difference for sure.

Till the time the BTC price is down, you cannot expect much from the Alt coins also, so all that we need to do is hold onto our horses and have patience :-). As of now we are not sure if we get into another bear market or we see a turn around from here, may be in the next 2 months we have clarity around this and get a better picture of the market.

Thank you for visiting my blog. πŸ‘ΌπŸ»πŸ‘ΌπŸ»πŸ’–πŸ’–πŸŒΉπŸŒΊπŸŒΈ

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