Struggle Continues by brian.rrr

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hive-167922 · @brian.rrr · Sep 7 '22

$9.46

Struggle Continues

Hi Friends,

It’s been unfortunate to see, but Bitcoin has taken another leg down and looks to be headed lower.  Here is the one year chart:

![92A88D0C594B4CDD91383C79C1C6C552.jpeg](https://i.imgur.com/g3VyPQa.jpg)

There are some headwinds ahead - new crypto regulations coming, more plentiful options to profit on the downside, geopolitical tensions, and a spotlight on energy consumption/resource management, among other factors.  Of course, new coins coming to the market constantly increases the supply side, so if demand is can’t keep up, the price will be headed lower.

I like bitcoin, but will be waiting to buy more.  Unfortunately, the broader crypto market will also struggle as bitcoin struggles.  

I do believe adding more along the way is prudent though, as you will not be able to time the market perfectly, and when the market looks to rebound, it could be quite a snap back as the shorts cover and go long.  Hard to know where the bottom will be though - could be down here a while.

What is your outlook on Bitcoin?

Thanks for coming by,
Brian

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@brian.rrr/struggle-continues)

👍 buggedout, redes, therising, definethedollar, brian.rrr, hanshotfirst, carrinm, marcusantoniu26, paydice, dkid14, penguinpablo, tookta, vancouverpics, jaster, mengao, jang, silversaver888, joechiappetta, brucutu, thesocalhive, armentor, imisstheoldkanye, sbi6, ahlawat, daan, tbnfl4sun, videoaddiction, voxmortis, goodloan, wenchebakken, mythix, techslut, mythix.market, rmach, deanlogic, dcityrewards, benedict08, cryptonized, goingbonkers, alaqrab, burnhive, silverd510, bigram13, mythix.token, amberkashif, teenagecrypto, csusbgeochem1, ronpurteetv, exyle, chance820709, dcrops, tggr, sustainablelivin, felander, reazuliqbal, kitty-kitty, carioca, joelagbo, suzn.poudel, brucutu2, avel692, iansart, cryptodonator, oneplus7, and 54 others

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@abrarhussain · Sep 7 '22

$0.11

I hope it gets stable. So many people have invested in it

👍 brian.rrr

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@ahlawat · Sep 7 '22

$0.11

Nothing can happen to BTC.  I have been seeing this for 6 months.  The bottom level is declining daily.  There can be profit on buying but only a little has to be bought. Thanks for sharing

👍 brian.rrr
👎 spaminator

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@amberkashif · Sep 7 '22 (edited)

$0.11

When bitcoin struggles, every other coin does. Bottom line is difficult to suggest. Sometimes, we expect down trend but the price increase. At other time the reverse is the case.

Investment is always accompanied with risks. Let hope for the best

👍 brian.rrr

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@videoaddiction · Sep 7 '22

$0.11

Let's say all is against the cryptocurrencies today, but I think they still stay strong especially our HIVE.

👍 brian.rrr

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