Bitcoin has been fluctuating all year, a small drop in the price won't hurt much. And I agree with the others. The year is already in its final quarter, so expect the price to go up again. Also, don't forget that bitcoin's price is unpredictable anyway so have faith.
we are already aware about bitcoin's fluctuations but the recent drops that we experience lately isnt small at all infact many of us did loose a huge amount of their capital by just hodling for too long without doing nothing .
The year is already in its final quarter, so expect the price to go up again.
Lets see if your predictions are real . many people do always believe about this myth but no matter what happen on the price of bitcoin , i will still be happy for him .
Also, don't forget that bitcoin's price is unpredictable anyway so have faith.
It is actually predictable if you would analyse it carefully . price charts , graphs , news, and other factors can help you predict the price
Honestly speaking bitcoin drop is due to manipulation of the market in the previous year. We are expecting another bump in the price but nobody thinks why the price collapsed in the start of this year. The main reason was that the market was fully controlled and temporary bump was created. People invested huge money in bitcoin to earn big money but suddenly it came to its original condition.
Feel worried and being robbed by day traders for they are the only individuals who are earning for their activities. There are huge whales as well who are good in day trading and could relatively move market price of a certain crypto in the market. Thus, could even control the market price of the crypto.
For each bitcoin drop and bitcoin increase in this past 5 month I felt "meh" about it. As long as price doesn't do something drastic I am not going to overreach on it. The price can go down as low as 6 thousand dollars and I would not be worried and the price can go up as high as 8 thousand dollars and I will still not be bothered by it.
The fact that we have been around the same gap for over 5 months for a long time made me immune to reacting towards the price anymore. I need the price of bitcoin to be like 4.5k to really start worrying or 12k or something to get really happy about it, without doing those types of marginal moves I am not going to do marginal reactions neither.
Yeah in these bearish situations only day traders can make money but keep one thing in mine as you told that day traders are the persons that robbed you, they never force you to buy or sell your coins. You are not so stupid to sell your coins on low price or buy on high price. Who told you to do that? And if you did that then why blame day traders. The fault is yours