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,?
I buy bitcoin then one day goes down my money gets wrecked
This is the reason why you need to look in the price since bitcoin is so volatile and it is all depend on the law of demand and supply, since a lot of people sold their bitcoin at the price of $19K, the price is now having a dip and now at $13.5K. But as far as I know, the price usually goes up after this kind of dump, maybe there are other things that the price is staying at this price.