Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?
I think the market for this year is not good enough to rise the price of bitcoin to as high as $10k before the year end as those investors are selling their coins for short profits and no sign of good news that can ignite the market to a bullish.
We have been going with conditions worst than the current market conditions and have seen it recovering again. This time the market is not so down but is taking long to recover is due to a reason as well that we sell for small profit when we observe a little increase in price. We should avoid selling for small profit so that holding of coins will not let the market face with downfalls.
I just searched the current price of Bitcoin which is equivalent to 6505 US dollar showing improvement from yesterday price so these who have bought yesterday are now in profit but this is a small profit as Bitcoin has big profit for you. But you need to wait for that big profit so you hold it right now and do not sell for small profit, treat it as long term you will surely reach at your destination in future days.
Well, talking about those who bought yesterday, I guess those who did, by now should be in loss. The truth is that the market will always keep fluctuating and it depends on how you want to see it, considering the fact that you cannot simply expect the market to just play out the way you could have assumed, and even with all the ETF people keep talking about, I really would not see that making such a huge impact quickly. I guess the only thing we have now is time, so we just wait and see.