A fall below $ 7,950 on the bitfinex will make it clear that the markup is not valid, because wave 2 can not fall below wave 1. This will be very bad.
I just want to say its a nature of bitcoins. It is not possible that crypto currencies will always keep going higher and higher. It can also Suffer a decline. So don't be panic sell. Just wait and hope for the growth of bitcoins. Bitcoin only gives you benefits when you invest for long term. You have to buy bitcoins now and hold them for a month or for a year. Panic sell won't give you any profit.
agree. it is actually pretty normal to see and witness these phenomenon because as you said earlier that is their nature and there were also factors that affects their price , that is why sometimes they rise or fall but overall the key in investing on bitcoin or any other cryptos is to have a patience in order to hold a little longer because if you dont posses it , you can surely be failed to earn a profit and youd rather keep on loosing.
The key to success in bitcoin is to start right now and forget all of the things that gave negativity on bitcoin, we are not belong to those people who are panicking right now because of the situation and problems that bitcoin facing and believes that the end of bitcoin is near because of some price decrease in the past months. The best thing to do is to be updated on what's going on in bitcoin everyday so that you have knowledge whether to buy because of the price drop or sell if there's a pump.
It is right! We have to be calm and keep ourselves relaxed because we are not supposed to get pressured in this trading. From the very beginning, we been learned that bitcoin is a volatile time of asset. It's value may always vary either it will go down or go up.
We all know that cryptocurrency have no definite value that wecan hold on to, otherwise, bitcoin will really fall. Besides fall of price is an opportunity for the others.