Quote from: fulcare on August 08, 2021, 06:47:42 PM

Quote from: Wawa2013 on August 07, 2021, 02:11:10 PM

Quote from: fulcare on August 06, 2021, 06:28:58 PM

Quote from: Wawa2013 on August 05, 2021, 10:44:12 PM

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I think when Bitcoin was manipulated there were a few things that happened simultaneously. Whales could have manipulated the price down, but then the herd lost their nerves I guess as when Bitcoin crashed hard, it was always the case that the market felt quite overheated anyway. It is not like Bitcoin totally crashed out of a sudden and nobody would have expected that. It sometimes did drop more than people expected, but anyone became more careful with buy orders out of a sudden anyway.

Many things can happen when Bitcoin is manipulated, sometimes because it is manipulated, the Bitcoin price drop is often drastic. This is what
makes many investors panic and sell their Bitcoins at a loss. Even though investing in Bitcoin requires patience, which is a market dump situation,
there is no need to panic too much. Because of how deep Bitcoin falls, it always rises again, and can rise to a higher price. So there is nothing to
worry about if the whales manipulate and make the Bitcoin price suddenly dump, but Bitcoin can always recover again. That's what causes Bitcoin
trust to increase.

Patience and especially stress resistance. You need to have the mental state to watch your investment go down by 40% and still keep your fingers calm. Understandably, many people lose their nerves and out of a sudden feel the urge to save whatever there is left that can be saved in that moment. It is definitely hard sometimes to be into Bitcoin. Wink

Nothing is easy indeed to invest in Bitcoin, especially with its volatile price, it requires resistance to stress. Because I feel for myself how strong
mentality is important when deciding to invest in Bitcoin. As you said, it is not easy to face a decrease of up to 40% in a short time, it takes patience
and strong mentality, so that we don't stress about it. That's what a lot of study and practice is for, in order to form a strong mentality to be able to
face the market which sometimes looks scary.