Bitcoin best and worst case scenarios by the end of the year

in bitcoin •  5 months ago

I have seen a few tweets from some of the famous persons talking about bitcoin and saying that it might touch the height of $50,000 by the end of year. That really does help in having that positive mindset among the people in crypto.
On the other hand some other famous people tweet that bitcoin might reach the low of $1300 by the end of the year. Now that is really annoying to hear for the bitcoin hodlers.

People are giving you two scenarios, one is the best case if btc reaches $50k and other is the worst case scenario if it reaches $1300 and you have to be prepared for both of them. If bitcoin reaches $50k, that will really be great for the you and me and we will have to be prepared for that. Generally after bitcoin reaches new all time high, it corrects and I will be more than happy if I am able to take out 10-20% as profit. But again that depends on the market and as I said you will have to be prepared for that.

Also if bitcoin reaches the low of $1300, you will have to be prepared for that also. None of us would like to see that happen but there are chances that it might happen during the end of the year and we will have to be prepared for that as well.
I am not here to spread FUD, rather I want all of you to be optimistic towards crypto in general and hope that we will see the best case scenario only.

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Let's just hope that the best case scenario is what will happen :)

Nice article, it's always smart to consider both options.