Bitcoin plummeted again on September 7 2021.BTC dropped by 54.7% on March 12 last year, by 12.54% on September 3 last year, and by 29.99% on May 19 this year. And 18.65% on September 7.
There were four reasons for the fall on September 7th:
1,The fall in US stocks caused Bitcoin to fall at the same time.
2,Singapore regulation.
3, SEC wants to sue coinbase.
4,It is related to El Salvador
Are you scared？Is there any hope for the future?
Fear occurs in people who are not sure of the established strategy and do not set a loss target in investment. I never thought behind the market downturn there were some reasons as you mentioned. I only learned from an experience, when there is a decline this could be a correction. don't rush the decision to sell all assets, I'm sure the crytocurrency season will last until the end of the year.
When the price of a cryptocurrency is falling, you can overcome it by doing a technical analysis. This is done to see if the price of your crypto asset will rise again, or fall deeper. If I see it, the market is currently in a sideways period after experiencing a decline a few weeks ago and has the potential to experience a technical rebound. But the technical rebound is also a bit long, maybe in the next few months.
Nah, I don't think that when your portfolio is down, you will immediately go to TA, Lol. All you have to do is just remain calm during the storm and not to panic. If you do TA and see that the price will still continue to go down then what?
It's just the experience, some have been in crypto for years that when they see the price going down, they don't panic, but rather take advantage of the situation and buy the dip.