I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.
It's December, after all!
Are the bulls gone now or what?
You are posting this out of frustration right??
You thought that the rise of Bitcoin will continue right??
You're one of the many investors who bought Bitcoin at the top and now that Bitcoin is going down little by little, you are posting this because you are frustrated that your daughter's saving is getting affected. Bulls aren't gone. Its just that the market needs a correction. The traders must take some profit at some prices. We need this correction for the market to be shaken. Just wait for some time before it go up again.
Yes, it looks like we have another correction in prices despite the fact that there was already a short correction at the end of November. Bitcoin dropped to $ 18,240 and ethereum to $ 550. I expected good growth in December, but this is not happening yet. We can only hope that this time the correction will be short-lived. In general, there is still time for price growth.
Be patient, and we still have much time to see the bitcoin price increase this month or next month. We are still in December, so there are many chances for the bitcoin prices to go to the high price. But if nothing happens to the bitcoin price and stays at the current price, I think it will be no problem for us because bitcoin still has another time to increase. But it is a good time to buy back more bitcoin at a price now because who knows, after this moment, bitcoin price will start the rally and break $19k and even $20k this month. If that so, that will be a good profit for us because we can back to profit from the price increase.