11 sats \ 1 reply \ @siggy47 25 Mar 2023 \ parent \ on: Sixth Day of Rejection at $28.2K Resistance. Is the Bitcoin Price Headed Lower bitcoin
Okay, let me explain what I mean. Of course I would agree that you want the best price if you're buying a house, car, eggs, etc. The price in these cases would be in fiat. If you believe, as I do, that bitcoin is better than the US dollar, you wouldn't trade bitcoin for dollars. In retrospect my flippant answer didn't account for the fact that if bitcoin goes up in fiat the price of things you want will get cheaper in bitcoin.
My answer also was wrong in another respect. If you're happy that the price of bitcoin will likely go down because of technical analysis, that would give you the opportunity to get more bitcoin for your fiat.
Exactly
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