Seriously though why did we get this excessive selling? Nothing went wrong with bitcoin, just the ETF not coming for now. I understand a correction but this was massive. Anyway, don't be a bottom seller I guess because the price will increase again as it always does.
i guess, the reason we went down that fast and that much is because we had an army of traders ready and willing to either go all in or all out at a moment's notice.
its rare we get this kind of action because it rare we all get 1 critical piece of info at the very same time.
Exactly. A lot of sheeple gambling that either a positive ETF decision would lead to an instant massive price rise, or a negative ETF decision would lead to an instant massive price drop.
The reality is that bitcoin is the same now as it was this morning. Nothing has fundamentally changed. Except that all of the massive over-hyping in both directions can now be put aside, and the price can carry on with its steady rise unimpeded by the distraction of the ETF decision, as it has done for the past two years. Onwards and upwards....
As a long term hodler, I always ask myself one question:
Do I think that the price will be higher next year than it is right now? And I answer, 'yes'. So I hodl. Easy decision.
And guest what? It almost always is higher. (we won't count that anomaly called '2014', lol).
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