Very bad news for BTC holders. BTC price is not moving upwards in August 2018. Looks like the rest of the days of August will be in downtrends for BTC price chart. The red is dominating green for all altcoins. Looks like another panic month for longtime holders.
How come it was a bad news that no interesting price movement the month of August? What's special this month?
Are you forgetting what things should do during this kind of trend? Accumulate more or just stay where you are.
And no, it will not create a panic for long time holders. They won't be called long time holders in the first place if they did some panic on the way. They withstand lots of negative speculations already that's why they able to kept up their hold coins until now. Make sense.
People are irrational, they want that bitcoin goes up in value 1000% and if that doesn't happen then that means that bitcoin is a failure, I know it doesn't make sense but that is just a way that people think so for many the month of August was a waste of time.