Bitcoin has no inherent produc

Bitcoin has no inherent production value; its price is driven by market sentiment and manipulation, unlike the stock market. Sell it when market is hot, buy it when market cool down😀. & don't trust meme, I burned my hand🤣

Bitcoin 96000! Would You Buy the Dip as BTC Under $100K?

Bitcoin dropped to $96000. Since the US election on November 5, Bitcoin's price has risen by more than 45%. Zann Kwan, CIO of Revo Digital Family Office, predicts that Bitcoin may retreat to just above the $90,000 level in the short term. ------------ How will Bitcoin close in 2024? Is it good time to buy the dip or exit from Bitcoin?

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Comments

Reglloyd
11-19
Reglloyd
Production value of 1 Bitcoin is currently sitting at +/- $13000 based on your kWh electricity rate & then let’s not forget the equipment & facility your equipment is in & the rental associated to mining Bitcoin. Bitcoin is the new Gold Rush & possibly the only asset class that preserves wealth over time even though it is still very volatile, but see the dips as opportunities of buying more at a better price.
Why would you sell your Bitcoin if you know it’s going to $13 Million a coin or to $45 Million a coin if you’re extremely bullish ?
I will not be selling.

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