Quote from: justdimin on Today at 06:23:52 PM

Quote from: soenan on September 06, 2021, 04:14:37 PM

Bitcoin is currently fighting its major resistance at $50k, although some of my friends want to start short, I forbid it because bitcoin in the minor Elliot wave allows it to pass through the major resistance.

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

What do you think about bitcoin price predictions?

Thank you for taking the time to discuss this bitcoin price prediction. I understand that you are a busy person and I appreciate any advice you can give.

It is already recovering, it passed over 43k and eth went above 3k once again. I do not understand why people panic the moment they see crypto prices go down. You should be used to seeing bitcoin prices going up and down all the time, it is a very common thing. Look at the last 6 months, we have seen it go up to 64k, down to 28k up to 52k down to 42k and you are still shocked to see it go up and down? I mean shouldn't we all be used to seeing it like this? Calm down, the worst case would be the price going down a bit more before it starts to go up, or it will go up from here, in both cases it ends up going up anyway so nothing to worry about.

The importance of having better understanding to stay calm if there's dumped like this to happen,

And before and foremost, investors should understand that the market has this kind of cycle. If you have spare money and you experienced this downfall, the best mindset to have is to buy more instead of rushing out and be shaken.

All those holders who failed to wait do suffer from these huge losses. If you don't anticipate things out to happen, you are easily
being manipulated by those experienced traders who love playing inside.