Quote from: rincoeng1986 on October 20, 2021, 06:11:55 AM

Quote from: ultrloa on October 19, 2021, 01:53:19 PM

Quote from: bots1 on October 19, 2021, 11:16:16 AM

Quote from: rhodelmabanal on October 13, 2021, 09:19:09 AM

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

I think Bitcoin's current price drop is normal and only a small correction compared to the big price correction in last September. The current price decline will make Bitcoin take the first step to increase to reach a new ATH considering that Bitcoin has fallen very significantly in the last month. Therefore we don't need to panic with the decrease in the price of bitcoin which is more than $3k in a day.

We see that correction always happening and even if we are in bullish condition we can still see that then maybe we should expect that to happen since there's no always pumping up movements on bitcoin even before. And we really don't need to panic on the corrections since for sure many traders will take that opportunity to buy on another round and either earn or hold it for quite long time again.

The decline in the price of bitcoin from $58k to $55k or called a price correction of $3k in a day cannot be said to be a failure because crypto is often volatile. what about now that bitcoin has broken through $64k is it still a failure? bitcoin is already in the strong spotlight of various media and has been of great interest to new investors.

People like to cherry pick, they want the good volatility when the price of bitcoin is going up, but they do not want the bad volatility when the price of bitcoin is going down, it is simply unrealistic for those people to wish for an asset like that, as it is impossible for anything to always move up in price, and yet that is exactly what some people want and this is one of the main reasons why there are so few people that are successful traders or investors.