Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?
I recommend using trading bots for trading on cryptocurrency exchanges, since it is almost impossible to predict the BTC rate.
Impossible to predict but if you are careful with your trades then provably you will earn with it but if you trade with no proper thinking or lets just say you are greedy then I think you will lose the capital for your trade and although trading bots is helpful in short term still doesn't give any guarantee to you to continuously earn and I prefer to do manual since I can study the market on what path it will go today.
Manual trading is much more preferable but when on times like these where market is somewhat stagnant then automate trading isnt really that a bad idea.
Price is indeed impossible to predict thats had been always the question since from the beginning.Lots of factors that would really affect price movement
neither news or technical stuffs.Panic is just a casual thing thats why as a trader or investor you should really be careful on doing trading decisions
and never ever make greedy decisions basing up on rumors or false calls.
Trading with ourselves or what they called Manual trading is more good to use than any types of bots. For me the other traders have a mindset of getting rich quickly and it is the reason why they prefer to use bots than to trade with their selves. There are now lot of past studies saying that bots are not profitable.
Do not also expect that professional traders are using bots because all of them are doing manual trading and they are constantly earning and making profit from it. We can handle panic in the market if we will do manual trading with proper risk management.