Every dip someone comes up with some unrelated predictions to explain the market. Why don't people predict this before the dip happening? These predictions are being made from the point BTC fell to $14K from $17K, $14K to $11K, and now $11K to $8K. Its started with the CMC price confusion, Korean FUD, Lunar year, Wallstreet manipulation and now Indian FUD. Many people also say that this is the correction Bitcoin needed, which is very healthy.
I have Just gotten used to the fact that the market is always irrational and unpredictable. Nobody can time the market and it will always do the opposite you expect. It can dump with good news, and moon with bad news. This is just a random dump, we have had many before and we will have many in the future. Just Hodl Away!!
I have Just gotten used to the fact that the market is always irrational and unpredictable. Nobody can time the market and it will always do the opposite you expect. It can dump with good news, and moon with bad news. This is just a random dump, we have had many before and we will have many in the future. Just Hodl Away!!
Oh right, i forgot about the FaceBook! It just add to my point of people losing trust though... Anyhow i do agree with you, there is almost no point of guessing the price... It can drop to 5000 exactly the same as jumping to 20k out of nowhere... I also stand for a HODLing as i have no reason to rush things
If you don't have any urgent needs to sell your bitcoin then just keep on holding it. For those who bought above 10k or even 15k maybe in panic now because they are expecting for bitcoin to rise. The rise in previous months were so fast that the correction is expected to be as big as well. There is a surge of new people to crypto as evidence by some exchanges closing its registrations for some time and this is their first experience of major correction so maybe many of them panic sell thus a bear market.