For over two months Now, the market has been stagnant. No show of a solid bull in the market. some of my trading friends have abandoned there accounts believing that it might take months before we can see a bull market.
WHAT COULD POSSIBLY BE THE REASON BEHIND THE MARKET SLOW MOVEMENT?
This market is far much better than what we saw for last 8 month this year. So many new investors entered the market thinking Bitcoin will reach the price of 50k. Unfortunately, it did not happen this year. They paniced, sold, suffered losses and then left the market. This was the reason that caused Bearish market. Now they are reluctant to enter again, fearing more losses.
The key to success in Cryptos is patience and wait. The waiting period can be long but will always be profitable. So, Keep Calm and Wait.
Whatever, I just think they deserve what they faced or werent they told that Bitcoin is volatile? If something can go up as such speed then what do you expect? It will also drop the same way when it drops, so people should always make proper plans before investing in Bitcoin because they already knows what will happen, but there greediness would not allow them think properly.