Post
Topic
Board Speculation
Re: Taking profits but don't be afraid!
by
The Pharmacist
on 26/05/2019, 15:12:51 UTC
Whenever the price goes up a lot, it also drops a lot.

I do not understand why you had to think like this when these big increases and followed big losses were always normal things in the crypto world.
Yep to both.  But there are a lot of newbies coming in to the crypto world right now, likely because of the recent price increase--just like from 2009-2014, and 2017.  So there are going to be members of this forum who aren't quite accustomed to bitcoin's notorious volatility, and boy will they learn that in a hurry.

Pullbacks/corrections are normal and are healthy for the market, not just bitcoin but any market.  You can't have the price of something just keep increasing exponentially (or even linearly) without dips.  It just doesn't happen.  Traders do periodically sell and take their profits, and that causes the dips.  To those who haven't been around bitcoin that long:  be patient and don't freak out when the price drops $1000 (or pick a number) in one day.  It's happened many times before and those events will happen many times again in the future.