Bitcoin down again

in Tron Fan Club2 months ago

Assalamu Alaikum


How are you? By Allah's grace, I'm doing very well. In this post I will share with you about Bitcoin Down. And Bitcoin halving is only 5 days away. But Bitcoin came down here yesterday around sixty thousand dollars.

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Bitcoin only went down like 5-10% but if you look at Altcoins they went down quite a lot. At the time of halving basically the bitcoin reward is halved but currently many people are facing a problem that is the portfolio is halving during the halving. This is because all the Altcoins there are almost all of them have returned to their previous place. Currently the whole situation in the market has become blurry. So you Be careful here because the market can turn in any direction from here. We will enter here if we get the final direction. Now the issue of halving here is very important.

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Then Iran attacked yesterday in Israel. Approximately 300 drones and missiles were launched. Now this is a big problem, if you think geopolitically the world is now heading towards world war 3. Because Iran is also involved in this war even though now the rest is Israel's. Depending on if Israel retaliates now or attacks Iran again then the matter may become more complicated. So whenever there is a problem there is a down in the financial market. Do you remember the last time when Hamas attacked Bitcoin here? Dumped then. Even before that, when Russia attacked Ukraine, it dumped Bitcoin. So if there is something like this in the world, the market panics instantly and the market goes down here. You should always be alert for this. So what should we do in the current situation? First of all I don't have any project in Bitcoin. People who invested here and when it first went to 73 thousand dollars everyone sold. Then everyone was waiting for Bitcoin to reach 50-55 thousand and then they bought it. But it doesn't seem like 55 or 50 thousand dollars Bitcoin will come.

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Because there are only 5 days left for halving. So last time when the market went down, no one bought, everyone thought they would dump more but it didn't happen anymore. So now that they have dumped, everyone can buy and hold coins. Very soon we can see a rally.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.

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Upvoted! Thank you for supporting witness @jswit.

Geopolitical occasions can influence crypto markets yet anticipating end results is testing. Expand profiles, remain educated as well as stay clear of away choices. Speak with experts plus study completely prior to spending. Remain attentive however preserve a lasting viewpoint.

Now the war between Iran and Israel will depend on the market pump dump, if the war increases then the market may take more down.

This is really sad news. Hope it moves up again very soon. Nice presentation. Thanks.

 2 months ago 

You're right that Bitcoin price is down but it is not something to worry about because it is part of the Bitcoin market and it was expected this time because of the halving.

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