Do you believe that much will be surprising at bitcoin's price when it reaches 3k usd per bitcoin. I think so many panic selling that the bag holders have. and there's panic buying that happens because bitcoin is cheap when incidentally.
who suggest nyo guys the fate of bitcoin and bitcoin cash.
now that it is over you can clearly see what happens when your scenario is happening!
whenever there is a panic sell and the weak hands are being kicked out of the market, the price can only go low to a certain level. it won't continue going down forever. there is always a bottom. this time it was obviously at $3000. if you try to push it lower than that you will fail miserably because there is naturally a huge resistance at that point.
so it is best to go with the flow. buy at and around $3000 instead of waiting around and asking others what may happen. you miss the chance like you have already missed here. you lost $1100+ profit per coin.
Typical investor lines.
Yeah, this is a problem with large audience of crypto investors. With slight decrease in value of coin, they starting getting panic and hurriedly left the market.
But there is always a minimum known as floor resistance (it is obvious since all investors don't have problem so not everyone sells). After this point hit, prices again starting bumping in positive direction.
So all investors must take into consideration that instead on selling their units on decrease due to several reasons, they should rather buy more or ready to lament.
