I invest because in the past this has happened and then everything pump, and I thought about the lost profits.
So do you expect all of us to start relying on what happened before? What if this time around it happened not to be the same, what if things changes this time around and price doesn’t go up? I once read an expert say that we shouldn’t rely on our past experience with cryptocurrency, cause this time around it might be different.
Then that expert must be not a trustworthy. Markets are known for repeating its cycles. Cryptocurrency markets also obeying all the basics and fundamentals of the general trading environment. If you have noticed, all the technical tools and strategies are also applicable for crypto currency market whereas those tools and strategies were developed originally for stock trading or for Forex trading. Then, why not we can expect same thing to happen like how it happened in the past years.
It is always good to know what are the factors which are causing a market movement. So, it is mandatory to know what are the factors causing such a downfall for this crypto space. There will be NO proper evidence for this market may not recover like how it done in the past.
When more people will be booking profit, a market will fall down and when more people are rushing to grab their opportunity then a market will rise. This is a general rule and applicable for any market and also very much true for this crypto market too.