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Nairaland Forum / Nairaland / General / Investment / Bitcoin Drops Below $20k (39219 Views)
Here’s Why Bitcoin Price Is Believed To Slide Down Below $20K In The Next 3 Days / Bloodbath: 185,450 Crypto Investors Lose All Their Funds As Bitcoin Drops To $38 / Bitcoin Drops Below $40,000 As Crypto Market Tumble On Double Whammy (2) (3) (4)
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Re: Bitcoin Drops Below $20k by Muchmore024: 9:10am On Jun 19, 2022 |
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Re: Bitcoin Drops Below $20k by Benny6944: 9:12am On Jun 19, 2022 |
As crypto enthusiast, who aspire for profit, you ought to diversify your portfolio. Diversifying your crypto portfolio is very vital to reduce risk if one or more performs poorly, and its not too late to get onboard. Investing in Mahler Investment Company protects you from market volatility, like dip. So you earn even if your in bearish market or bull season https://mahlerinvestment.com/?ref=Ktn Thank me later. |
Re: Bitcoin Drops Below $20k by Benny6944: 9:16am On Jun 19, 2022 |
JayTripz: Hmm.. I can see you don't understand crypto. its the best time to buy. Afew days it was hovering around 27k,25k and 20k. if you had 27k, sold 7k, good profit it, the 20 will still rise for sales or invest in a reliable crypto company |
Re: Bitcoin Drops Below $20k by sheanzy(m): 9:19am On Jun 19, 2022 |
Dmama1991:how may I help you |
Re: Bitcoin Drops Below $20k by gabpaul: 9:30am On Jun 19, 2022 |
Toks2008:How can I contact you I need some advice.. I want to invest in this crypto |
Re: Bitcoin Drops Below $20k by Toks2008(m): 9:38am On Jun 19, 2022 |
gabpaul: Guy no need contacting me o. I have put out all I need to share with the world. Just look for a good platform but don't use mt4 cos that is a volatile platform. Use very calm platforms like Binance(just a suggestion) cos the volatility is ok. And when you buy, please don't bother withdrawing until Bitcoin hits 200k mark even if that happens in 10 years but it can also happen in series of bullish spikes in a short time. |
Re: Bitcoin Drops Below $20k by fluffybaby(f): 9:38am On Jun 19, 2022 |
Ballzproblemm: You could call the father too. Gays do pump and dump nowadays. |
Re: Bitcoin Drops Below $20k by MonsterLoader: 9:42am On Jun 19, 2022 |
Toks2008: Okay boss thanks very much |
Re: Bitcoin Drops Below $20k by Sunnyb104(m): 9:43am On Jun 19, 2022 |
Whenever there is a drop in price of Bitcoin=> Front page of Nairaland. Rise in price of Bitcoin=> No page at all. No be juju be dat? This is like the Ukraine/Russian war, Russians kill 10,000 Ukraine soldiers=> no page. Ukraine kill 1 Russian commander=> 5 pages. We are in a bear market, the S&P 500, NASDAQ and the Dow Jones industrial average are all showing the RED colour of the Chinese flag. Trillions of dollars wiped off but not on the front page of Nairaland. Bitcoins will still dip to around $16k-12k or even less. 4 Likes 1 Share
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Re: Bitcoin Drops Below $20k by gabpaul: 9:45am On Jun 19, 2022 |
Toks2008:Ok thanks |
Re: Bitcoin Drops Below $20k by skj1377(m): 9:48am On Jun 19, 2022 |
Very intelligent post. Keep it up makforex: |
Re: Bitcoin Drops Below $20k by Asianjollof007: 9:49am On Jun 19, 2022 |
BritishNaija: Meaning you bought when it was around 4K and you sold at 20-30K. If my calculation is right, you already made alot of profit bro. |
Re: Bitcoin Drops Below $20k by Nobody: 9:51am On Jun 19, 2022 |
Asianjollof007: I should have sold when it was 50k |
Re: Bitcoin Drops Below $20k by wirinet(m): 9:58am On Jun 19, 2022 |
Toks2008: You were spot on. You must be a prophet when it comes to predicting financial instruments. What indicators were you using in the video? I doesn't seem like your regular candlestick. |
Re: Bitcoin Drops Below $20k by wirinet(m): 10:05am On Jun 19, 2022 |
SQLmastar: It's always my stance not to hold your financial assets in crypto, even if it hits 100k. If you had bit coin at 40k and held until it fell to 18k, then you should not be dealing with cryptos. Cryptos should be traded to make profit, but you should hold your assets in fiat currencies or stable coins. That's how I trade the crypto market. When am not trading bitcoin I convert to USDT and hold. Do you know I bought and sold luna before the crash? As I said, I don't trust bitcoin or any other crypto for that manner. 1 Like 1 Share |
Re: Bitcoin Drops Below $20k by skj1377(m): 10:19am On Jun 19, 2022 |
Not exactly Oga. Trading is only an aspect of Btc, Bitcoin offers a service your "cold hard cash" may not do easily. You could exchange your cold hard cash with another in another continent using the conversion of your local currency to btc and the other persons conversion at his country without going through the gov regulated banking system. This is useful for scammers, smugglers, terrorists, drug dealers, hackers, ransomeware developers and traditional kidnappers etc simply because it is not completely regulated and gov may not have a direct ability to trace or investigate such transactions in cyberspace. Hushpuppy and co come to mind cause most of them keep their loot in crypto to avoid gov freezing their bank accounts so that whenever he comes out of prison he can access his crypto wallet. Apart from the underworld users listed above we have legitimate users like myself and others like me. Irrespective of the value of Btc the main service it renders is still relevant. A good example is I still received and made payments last week using Btc as a medium with my foreign business partners. Thanks to the CBN policy in place it's faster to transact using Btc than go buy dollar and start thinking of how to send it overseas its almost impossible in Nigeria these days except the dollar was sent into your account from abroad. The most important thing is you liquidate the Btc transaction immediately as the fluctuations in Btc may not necessarily favour you if you keep it an hour longer. Hope I made some point. Btc will be useful forever no matter the challenges it faces today. MarketDispatch: |
Re: Bitcoin Drops Below $20k by Toks2008(m): 10:26am On Jun 19, 2022 |
wirinet: Bro nah my gift o. I am a greedy trader because of my knowledge of the trend but if I give my analysis and you trade it with good money management, you will make insane money. I use heiken ashi candles and series of moving averages. 1 Like |
Re: Bitcoin Drops Below $20k by odun51587: 10:26am On Jun 19, 2022 |
at least bitcoin Ministers on nairaland will calm down with preaching the Gospel of bitcoin on nairalandat least bitcoin Ministers on nairaland will calm down with preaching the Gospel of bitcoin on nairaland... |
Re: Bitcoin Drops Below $20k by goodman41: 10:31am On Jun 19, 2022 |
Ok |
Re: Bitcoin Drops Below $20k by millhouse: 10:31am On Jun 19, 2022 |
MonsterLoader:na the kind lips I like .. shio .. if that kind lips handle u better BJ , no be this one u Dey talk ooo |
Re: Bitcoin Drops Below $20k by wirinet(m): 10:37am On Jun 19, 2022 |
Toks2008: Greed (along with fear) is the albatross of trading. Greed will prevent you from taking your profit on time before the market goes against you. I am a newbie trader but I am learning fast. I am a very cautious trader. I am still learning how to read the charts through price action. I am also having problems with my temperament - patience to wait for the right condition before entering or exiting a trade. Wish to contact you to learn. 1 Like |
Re: Bitcoin Drops Below $20k by eskuvoisrael(m): 10:47am On Jun 19, 2022 |
bbstarr: You are among the few that saw yesterday before it came... |
Re: Bitcoin Drops Below $20k by moneymagnet(m): 10:49am On Jun 19, 2022 |
In My opinion Bitcoin might still drop some more, looking at it from a Technical perspective. I am expecting to still see nice bearish moves to around $13,000 -$10,000 where personally i will be buying $50,000k-$70,000 worth of btc with my Stop loss @ $7000 and leaving till the end of the year 2022 and beyond for it to do its thing. You have got to be thinking Longterm at this point in Time. Hence the reason its called an Investment. My 2percent advice for those who want to Take advantage of the opportunities Looming in the coming Months - Get Proper Education about crypto and How it works before buying - Don’t Borrow money to invest in Btc/Crypto its volatile and like any other investment that has their own risk you could loose everything -Also don’t invest your Survival money. Some bearish markets takes years, if you can’t pay your rent or food, then you can’t be patient enough to wait till the bull market steps in -Have other sources of income if you don’t have big capital. Don’t do crypto full time if you are not using Big money -Always have a Stop loss in sight. 1 Like
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Re: Bitcoin Drops Below $20k by MonsterLoader: 10:52am On Jun 19, 2022 |
millhouse: Lol |
Re: Bitcoin Drops Below $20k by wirinet(m): 11:00am On Jun 19, 2022 |
skj1377:You are right in all your submissions, the only flaw with bitcoin is its volatility. It's just too volatile for legitimate business transactions. If you buy a product using bitcoin today, by tomorrow the value might have fallen below the price you bought it, even before you make provisions for profit of the item you intend to sell. It's impossible to make business projections and decisions with bitcoin as your currency. Same with investments. You cannot use bitcoin as an asset holding instrument . Its like a gamble. It could double the following year or it could half. That's why big institutions hold their assets in fiat currencies particularly the dollar. Others including countries hold their assets in gold as gold is seen as very stable in value. These is the problem stable currencies tied to the dollar is supposed to solve. It does not suffer the volatility of bitcoin and cryptos in general. I would advice if you want to do legitimate business with cryptos, you should switch to stable coins. |
Re: Bitcoin Drops Below $20k by Prevailing: 11:01am On Jun 19, 2022 |
Bitcoin will drop down to 5k days to come |
Re: Bitcoin Drops Below $20k by wirinet(m): 11:08am On Jun 19, 2022 |
Prevailing: My brother, the crypto world is just like the quantum world - highly unpredictable. Who would have predicted that luna would have fallen from $100 to less than 1 cent in just one month? 1 Like |
Re: Bitcoin Drops Below $20k by obembet(f): 11:09am On Jun 19, 2022 |
Best time to buy |
Re: Bitcoin Drops Below $20k by civilserva: 11:15am On Jun 19, 2022 |
BTC is gradually going up. Last time I checked, it was 17k but now 19k going to 20k. This is buying opportunity though not for the faint hearted. |
Re: Bitcoin Drops Below $20k by Niceguy24: 11:20am On Jun 19, 2022 |
teekay213:Are you being serious? What kind of begging is this? |
Re: Bitcoin Drops Below $20k by lightwind(m): 11:55am On Jun 19, 2022 |
Ifakiland:Sir please help me too with any amount. Fidelity bank. 6171723163. Ugwu Valentine. |
Re: Bitcoin Drops Below $20k by salem1996: 11:56am On Jun 19, 2022 |
NessFortunate: Have never ever thought of investing in it after I wanted to but somehow I changed my mind since 2019 |
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