I was watching a live price chart on Bitstamp, I saw the price go as low as $29,400. The price has recovered to $30,611 as I type this. We are kind of in no man’s land at the moment. It’s interesting to see if the bears or bulls are going to prevail.
Even if the bear will win, I don't care and will continue to be a bitcoin holder. If I had more money, I would buy more and keep piling up. We have seen this kind of thing several times and in the end, the price returned to a higher level.
Coz that's the right thing to do. Who wants to sell at their loss? Yeah panic sellers and weak hands.
It's either you position yourself at the most convenient advantage, or keep holding when your not hitting your target yet, and keep stacking while the price is down is the smartest move.
Btc is literally on the verge of deciding which way he'll head next, bear or another bull. The price actions has been so interesting lately, it will make the weak hands who hasn't sell yet panicked even more lol.
As a person who has been in cryptocurrency trading for 5 years, will not panic and understand how the nature of the crypto market moves. I will take advantage of the panicked weak hands to buy cheaper and pile up. Because we know that the market doesn't always turn red.