Quote from: Rimueng on Today at 05:24:07 PM

Quote from: usernameyaya on September 09, 2021, 07:58:48 AM

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?

Personally, I have no fear when bitcoin plummets. I don't think the reasons you have listed have had much effect on the bitcoin price plummeting. The ups and downs of the bitcoin price are purely influenced by the crypto market and that is a natural thing to happen. I'm sure the bitcoin price will rebound even more likely to hit a new ATH later this year.

News mostly being used by traders to predict the market, bad news brings bad impacts while good news brings the good one.

For people who experienced how the market around crypto works, they are not really depending on news. They understand that in each dumped, opportunities are open to buy and hold more Bitcoin, believing that it will bounce back and deliver better value.

Before you engaged yourself in this venue of investment, better to make sure that you are mentally ready as there are more unpredicted market movements that may shake you to lose your money.