Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.
This season is not favourable for mtraders at all and any decision you make has a trader has serious consequences, I saw a lot of mems about how trader look then and how they look now , the problem his most people don't do risk management when trading they use all there money to trade, there should be a limitation set o the amount of money used while trading, and some one they trade and itdoes not favor the next step to take is revenge trading which is very risky step to trade has a smart trader, and that is why it best to invest in crypto with the money you don't need, you can only assume the price of bitcoin but you can not predict its future, one thing I noticed is that when it comes to knowledge people are always avoiding it.
Ups and down is normal nature for cryptocurrency market. Who are long time in crypto currency market he will know ups and down is normal. Some times it will go up and some times it will go down. It depend on many news and economic situation. But new comers will be frustrated when Market will fall it is also right. Because they are not familiar with this cryptocurrency markets habits. So i think your friend has been demotivated. But when market will up then he will satisfied there has no doubt. I also think we need to advantage of the price fall. If we entire in deep we will be huge profited today or tomorrow.
Values are always determined by demand and supply dynamics or trends, which makes them very difficult to anticipate. Another issue about cryptocurrency is that there is no way to invest in it and not lose money it is simply not feasible.
, the best we can all do is to have a very clear picture of the occurrence so that at the end of the day when you lose the money you don't get too emotional about it since you already know what the ecosystem is all about, the most thing that drives the market is news has started by you, another advice if you starting crypto newly just use a small amount of money to kick start and to understand before you start doing the necessary thing since the knowledge is already there.