Re: Bitcoin is still up over 50% over the last month so why the panic?
Bitcoin's price is still up ~50% from the 20th of November and yet everyone is panicking, why?
Here's the chart:
This clearly shows that Bitcoin was about $8.2K 30 days ago. Current price is still 13K.
From now on even if the price drops to a whopping 10% of the current price, a 90% drop that is, it would still be higher than the price at the beginning of the year.
Here's the chart:
This clearly shows that Bitcoin was about $8.2K 30 days ago. Current price is still 13K.
From now on even if the price drops to a whopping 10% of the current price, a 90% drop that is, it would still be higher than the price at the beginning of the year.
I think people become afraid that their investment is going to go down and this triggered them to sell with fast. you are right, the price still higher although it is dropped and we have times to see the price is going to go up soon. besides that, I think if they cut loss their bitcoin now, they can buy again at the lower price but for me, that is not a good idea, it is better to hold and buy another bitcoin again if we still have money so we can increase the amount of bitcoin we have.