Many are writing about the looming bearish wave, claiming that BTC is heading towards $30k. But some individuals are misleading others for their own gain, advising them to sell their assets, instilling panic and encouraging them to sell. But do you know why?
Let me explain. The balance you see in your wallet is just a number. The real value lies in the assets you hold. Let's say you bought 50 tokens for $100. Now, if the price of those 50 tokens falls to $70, it's just a value on paper. But imagine if you bought those tokens for $2 each, and during a bull run, their price increases multiple times, say by 10, 50, or even 100 times.
Even with a conservative estimate of a 10x increase, your profit potential is significant. If panic sets in and you sell at a loss, you're losing out on potential gains. Instead, when the market pumps, buying back at a higher price might seem like a mistake at first glance, but it's a strategy employed by whales to capitalize on panic selling.
This is why some people fail to capitalize on bull runs. Bitcoin can change its trajectory at any moment. Despite being stuck at $65k, it's displaying a strong bullish pattern. While it may experience temporary bearish trends, I've previously predicted that BTC will touch $80k. This analysis isn't about exploiting the less fortunate; it's about sharing insights for mutual benefit.
I urge Binance to help spread this message so that everyone can benefit. Remember, we're all part of the same family on Binance. Stay informed and stay profitable.