The Bitcoin Christmas Sale Continues (next target was reached - will we get down to 10K?)
I don't know what chart are you looking but it looks like there are some semblance of a rally already. Although its too early to tell, bitcoin is above $13,000 now. But you are not wrong either, I speculate that it could go down to $10,000 after it breaks the $12,000 resistance, but it looks like it sort of holding and a lot has been making buy orders as of late. But if ever the price goes down to $10,000 I'm sure that those who have been waiting is eagerly excited to buy back bitcoin once more.
The problem in here is where it will stop. We all know that a dip is healthy for bitcoin at some point. But it dropped a lot, and let's be serious, i bet all my funds that no one in here likes to see their balance going down, not even me!
But this is good for those who have some fiat money and they want to keep investing a few more hundreds/thousands.
Anyway, i am happy with my investment, only that it is sad to see my numbers going down again.
Right, everyone of us doesn't want to see our investment going down to drain that's why there are a lot of investors cashing it at this very moment, However, what's the used of holding it for so long and then just dumping it because of a crash? Common sense dictates that we should be dumping and instead get bitcoin at a discounted price. Anyways, weak hands is already out, strong hands wins. It's really sad to see, but again, this is part and parcel of investing in a volatile market. But rest assured that this is just another challenge. And there is no better test than we are witnessing, its either you get out because you can't bear seeing your invested going down, or stay on the market for the long haul. Its our choice.