Why there's always a thread like this when bitcoin is dropping?
Bitcoin is already existing for over a decade and started with a few dollars worth, but now the value is unexpectedly thousand times from the time it was created. Its just shows how worthy this currency is, yet a correction (which is quite normal) causing some investors to speculate negatively.
Its simple, if you believe in bitcoin then continue to hold or take advantage the dip, otherwise you can sell and quit.
Because that is the way it works, there are many out there that consider themselves contrarians and there is nothing they would like to see more than for the price of bitcoin to crash, the market is still close to the 50k level and yet for some reason people are speaking as if this is the end of the world, anyone that has been holding their coins before this movement started do not have a problem with what we are seeing now and they are probably using the current low prices to accumulate even more bitcoin as we speak.
You would really be expecting these kind of calls anytime we do see some price decrease where there are people who do freak out and keep saying that this is the start of the bear market
but if we do try to look at on the current condition then you can say that we are totally seeing the other way around.
-20% down isnt something that you should bother out yourself but rather see this as an opportunity for you to buy more cheaper coins.Some calls are just creating the FUD so better not to make
yourself get easily affected with these.
Dropping like a rock? If you've been here on this market for a while then these movements wouldnt really be an issue at all.
Most of the time the ones that get really nervous are the newbies of this market, I have seen my fair share of ups and down of bitcoin and at this point I am immune to panic attacks as I have enough experience to know that most of the time a drop like that is only temporary, but newbies that have seen bitcoin going up almost exclusively during a whole year are not familiar with those kind of drops and that is why they are panicking, and yet just a few days later bitcoin is back at 55k.