What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
Selling bitcoin is challenges to everyone. For the long time you save money there's a time that we need to trade because of unexpected time or emergency. Since we can't predict the prices of bitcoin, we have no idea when is the right time for selling.
That's why I said before bitcoin should be for a long term investment. Just save small portions of your wealth to bitcoin I know that bitcoin price is volatile, but saving in the long run will be beneficial in my opinion. Bitcoin is getting scarce and the next halving will be in the next 3 years. So after halving, bitcoin supply will be limited but the demand would be high so for me the price of bitcoin will soar in the next few years that's why investing in it today is a good choice.
That was a great advise, i also learn again and that is the holding of bitcoins for a long term .making some panic selling or panic buying will make you more tense so instead the bitcoins you stake is stable whatever the price is you may lose some of it.Just like what happens to me last time. So that the way to prevent panic selling just hold or make some investments if you want.