buy on weakness

Buying Bitcoin Dips — Expecting $50–60K in a Year

I’m talking about bear-market peaks. Like in 2022 when Bitcoin touched $20,000 and everyone proclaimed the end, saying miners were already powering down. It felt obvious the bottom was near. That’s when I put in roughly $5–7k allocated per Bitcoin and added it to the mining pool.

If the price gets pushed lower, I plan to keep those mined bitcoins as a position. If it rallies, I’ll have profited from the rebound. I expect that in about a year Bitcoin could be trading around $50–60k, though that depends on how things unfold.

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AI Analysis

The opinion references the 2022 bear market narrative where Bitcoin briefly touched $20,000 and many market participants signaled capitulation, including reports of miners reducing operations. The aut...

AI Recommendation

Given the author’s experience and stated plan, a pragmatic course is to treat significant drawdowns as buying opportunities but control position sizing. Allocating modest, predefined amounts per rebas...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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