but for a new player in the crypto world, like me, would be very worried about this. then how do you think about the price of btc the next few months, is it going down or vice versa?
Thanks
I purchased my first bitcoin at $55 and then a few more at near $200 only to witness the first bitcoin crash as it dropped back to $50.
A few weeks later I was buying at $1500 only to witness the second bitcoin crash as it sunk below $200.
Fortunately I held, although most of these were later stolen but that is a different story. I very rarely checked the price. Just forgot about them really as they were always procured as a LONG TERM investment.
Couple of years later it recovers and 2 years after that it exceeds $10,000.
It is a very simple principle:
Bitcoin is a VERY HIGH risk, VERY HIGH reward investment with the potential to hit $100,000 or more. This WILL NOT happen overnight and requires a long term holding plan.