Quote from: Wawa2013 on July 08, 2021, 11:05:26 PM

Quote from: Golftech on July 08, 2021, 10:48:20 PM

Quote from: poldanmig on July 05, 2021, 01:46:18 PM

if you look at the chart, several times bitcoin has formed a pattern of narrowing and widening so that this indicates that the bitcoin price is in a less volatile position, so that with the many controversies that exist over bitcoin, including the chinese government ban on bitcoin mining, it can be said that the market position bitcoin is currently skewed in a bearish position and may take several months to return to the bullish price path.

Maybe not just months but possible to extend that since the bearish directions affects most

newcomers decision making, there are people who are afraid to push thru, thinking that this momentum

will continue, panic with wrong decision making leads traders to lose their invested money.

Honestly, no one knows how long Bitcoin will be in a down trend situation like this. But we have to believe in the future of Bitcoin, so there's nothing
wrong with being optimistic that the down trend will end in a few months. Even now I still believe that at the end of the year Bitcoin will be able to
reach a price of $100k, that's what gives me confidence to hold Bitcoin until now. For newbies of course will have different thoughts, because they
do not have good experience and knowledge of the crypto market, it is very natural that newbies will panic with the current situation and sell their Bitcoin.

But does it really matters that much at all? With this I mean that people are worried about how long the current market conditions are going to last when this does not matter at all if you have decided to become a long term holder, I know many people want to become traders but when you consider that more than 90% of them lose their money while any investor that has held their coins for more than a few years is always a winner, then I do not know why people do not become investors and forget about their coins and get profits that way.