because bitcoin prices dropped as a result no new rich people arrived suddenly. . . on the contrary, many people go bankrupt because they suffer losses ... haha haahaa
No matter, did you forget BTC price down from 19k to 3.5k last year! i think not. So sometime market will up and sometimes down, there is nothing to heart attack hear. Those who want to invest here have to more patience as market is too much volatile
Yes for taking good profit you need to have good patients and when you have no abilities of patients then I think gaining the good profit from crypto currencies is very hard, and yeah you right the crypto market is so volatile no need to be worried about your investment so now the market is going to increase and all thing will be gonna to fine.
Patience is the key to success in the world of crypto currencies because currencies take time to increase and decrease in value. There is no way that any coin will increase within day in value. It is a gradual process and patience is important because most of the times people because of impatient nature, give up on coins just a couple of days before the massive increase in values and suffer from huge losses then.
Apart from being patient, one has to be vigilant as well. One shall have good command over nerves and must be able to manage stress. People usually out of panic take wrong decisions of buying and selling. For such people, it is good that they dont visit market on daily basis and even if they do, select one hour only in a whole day to do so. The more time they spend watching prices changing, the more they panic.
The 100 moving average is now becoming a support, if the price surpass the 200 moving average then the bearish trend will finally over. The price is no recovering, it is a tough months of bearish trend. I'm glad to say that we manage to survive despite of the obstacles and challenges that we are facing. We handled the risks before, I am sure that the price of the bitcoin will now increase because of the uptrend.