Quote from: beerlover on Today at 04:38:26 PM

Quote from: michellee on Today at 04:37:20 AM

I do not check for the reason for the market correction yesterday because if I do that, I will spend some time finding out why, which is not always right or it just from people guessing the reason. Instead, I better find other news that will allow me to know the market situations or learn more about the market to make more profit in the current conditions.

I think we do not yet see the final ATH of this cycle because the price can still increase more than just $64k or the worst thing will happen, especially since this year still has 7 months later so that everything can occur, including the final ATH which all people want to know.

Yeah, it does take a lot of worry even if you are not selling, a crash is a crash and anytime it happens no matter who you are, a newbie, a veteran, a panic seller, a long term holder, every crash worries people and that's normal. How you react to it changes what type of person you are but how you feel is same with everyone. This is why there is no need to worry about drops and pumps causing you emotions, that is something very normal.

I personally do not see this drop as something of a problem, because as long as these institutional investors are here, they are literally powerful enough to cover all the drop with one single move. Let something like amazon buy another 1 billion dollars, even if that doesn't cover it (it won't) the news of it will create so much hype that there will be 5x more bought by retail investors just because of the news.

It is important to have control for ourselves to calm down for a while and find out how to solve the crash and save our investment. But sometimes, even if they are a veteran, they can panic if they see the price drops and confuse what they need to do because they never face that situation. And that is normal to have a panic feeling, but that will depend on how good you control yourself.

When I see drops, I just think about is there any chance for me to buy more amount or I only need to watch the price move because if there is a chance for me to buy, I will try to analyze, even if in the end, I do not buy it because of my feeling telling do not buy at that time. This year will be a time for bitcoin to have much support from the institutional, and I guess they already bought bitcoin a few years ago before the bitcoin rises. But I believe that bitcoin will get its pump sooner or later, so we should patient and just wait and see.