Quote from: Raflesia on August 01, 2021, 03:33:25 PM

Quote from: ethereumhunter on August 01, 2021, 01:41:48 PM

Quote from: freedomgo on July 30, 2021, 11:58:59 AM

Quote from: ethereumhunter on July 30, 2021, 03:41:21 AM

But if the next lowest price is at $13,800, I wonder what will happen when the price starts going down because I think some people will panic seeing the price jump down.

You know what will happen, people will panic and the smart investors will buy.

We've been in that kind of situation many times, bitcoin is sometimes too bearish that we thought it will not survive again, but still, it pumps and even makes a new ATH, so never lose your trust in bitcoin, it will look like a dead for some time but it always bounces back and reward those who trust.

Indeed. People will panic. They will sell fast without thinking about how if the price bounce after reach that price.

Maybe those people need to believe in bitcoin so they do not have any worry about moving the bitcoin price. If they can do that, I am sure wherever bitcoin price moves, they will not panic and can even use that moment to buy back more bitcoin. Managing their emotions will also be necessary because that is one of many keys to becoming good investors or traders.

Smart investors will know how to deal with this better even in times of decline they come to buy more and know that bitcoin is bound to go up like everyone so have a strong determination about bitcoin and believe higher.

But sometimes people are still affected by FOMO and other FUDs, so that bitcoin moves towards a movement, there is still a lot of speculation and too much thinking about what is risky even though this is a reason why bitcoin can come back again, so you have to be mentally prepared sometimes when you see the market a little red, investors who not mentally strong will be a little anxious.

The hard thing for the common investor is that they already see the bad news from out there, which makes them panic. Some investors can not think clearly if they get that and I think they really need to control themselves and not force themselves always to check the market moves.

Good investors will always have the ability to calm down every time the market moves in the opposite direction than he wants and always have a solution to solve the bad situation. Those investors will not be affected by FOMO and other FUDs, instead using that for their benefit.