Post
Topic
Board Bitcoin Discussion
Re: Reason for the dump in Bitcoin and most of the Altcoin?
by
Coyster
on 04/12/2021, 15:32:30 UTC
Things were getting better as we were expecting a pump in the value of bitcoin but it was dropped by over 10%. Is it just the usual December pulback or it is here to stay I mean a long bearish run? How are you preparing for a possible bull trap and now even if it was temoprary it might take some for the market due to fud.
It is what it is, and that's how the market is, if you're not a newcomer to the network then you'll know nothing is certain, you can't be sure of when it is going to be a bull or bear run, but having said that, I think this dump is nothing more than a correction phase, I actually do not believe it will lead to further dump that would welcome the bear market. Having said that, there is nothing to really panic about if you're holding Bitcoin, if you're maybe holding one pump or dump coin or the other and it's dumping, then you can maybe sell at that point do you don't lose out on anything.

As for the 'preparations' you asked of, I'm actually just holding and accumulating more when there is an opportunity, that's when there is a dump, I'm currently not concerned about the current price of Bitcoin, I believe in the network to be a long term project and I'm likewise a long term investor.