Quote from: riiiiising on May 15, 2021, 02:15:31 PM

Quote from: BuNga_cute on May 15, 2021, 11:21:37 AM

Quote from: sportclub2010 on May 15, 2021, 11:07:31 AM

Quote from: Trixoempire on May 12, 2021, 07:11:24 PM

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There are still many people who continue to compare the increase this year with what happened in 2017, as well as when the Bitcoin price
suddenly dumped. Many people end up comparing what happened in 2018, which is why the current Bitcoin price has dropped below $ 50k.
Quite a number of people panic selling, they are afraid that the events of 2018 will happen again, when at that time Bitcoin fell very deeply.
Even though if we do research and analysis properly, we should be aware that the events in 2018 are very different from today's events.
Moreover, this year there are several institutions that are still holding Bitcoin, the price of Bitcoin shouldn't go down too far. I am sure the Bitcoin
price will recover very soon in the next few days, and the Bitcoin price will again rise above the $ 50k price tag.

Considering relative price movements I can understand the panic because if the price falls a lot there is also more money needed to bring it back to where it was. Yes there are more players involved now but it is still all relative. Bringing it back to $60k isn't just guaranteed to be happening within no time. It is a more difficult decision to get into Bitcoin today than it was in 2017 when it was relatively cheap and it felt like there was a lot of potential.

The price drop below $ 50k is actually still reasonable, because Bitcoin price now at $ 45k is still very high when compared to Bitcoin price in 2020.
But still a lot of people panic, because maybe they are panicking because they bought Bitcoin at the price of $ 60k, and there is no guarantee that
Bitcoin will return to a price of $ 60k anytime soon. But actually what many Bitcoin holders should know, Bitcoin is the best performing asset this
year and its movement since it was created has continued to increase. So if the price of Bitcoin goes down, we don't need to panic, because I think
the future for Bitcoin is very bright. This means that no matter how deep the Bitcoin price falls, sooner or later the price will definitely go up even
higher. So investing in Bitcoin does require trust and patience.