Post
Topic
Board Speculation
Re: What's going on with the dump?
by
qwertyup23
on 25/02/2018, 03:06:31 UTC
Hey,

Can anyone explain to me why there is a such a dump just now? I don't see any big reasons why this is happening. I thought we were on the up. I bought in very recently, so i'm starting to get a bit nervous. Trying to hold fast!

This is the normal behavior of bitcoin on the market. Expect prices to continuously fluctuate or at a constant level due to external factors, such as: country prohibitions, law implementations, large trading companies releasing news on NOT to invest into bitcoin, etc. About your investment, just take it slow. Bitcoin has been showing a constant price at the market as of the moment and take this as an opportunity to invest while prices are still low.

You should not panic, the dumps or dips is just a normal process. The past few weeks dumps should have taught us a lot of things; 'learn to be patient and keep holding. If you are new to bitcoin investment, then go back and read about the history of bitcoin; there is always a possible dips here and there. If you feel you can't stand the pressure, then kindly sell off your coins because not everybody can hold.

Like what I said, this particular phenomenon is typically normal in the cryptocurrency world. Expect prices to skyrocket at some point and also expect them to decrease significantly. In my opinion, take this as an opportunity to invest more in order to take advantage of the time. But if you still feel nervous about your investments, then just wait and let time do its magic.