Quote from: BuNga_cute on December 09, 2021, 06:58:25 AM

Looks like your prediction was right, finally Bitcoin returned to above the price of $50k a few days ago. But unfortunately the price of Bitcoin is now back down again below the price of $50k. It's not strong enough for Bitcoin price to rise above $50k. But like you said, we shouldn't worry too much, because Bitcoin is the best coin until now, that's why there is a very high demand for Bitcoin. Then all we have to do is buy more Bitcoin if the price goes down, because usually the price of Bitcoin will immediately rise if it has fallen deep enough.

That is what the volatility causes in the crypto world, we end up with these types of results all the time. I know that it is not really a secret that bitcoin is way too "money", it goes up and down and up and down all the time. We literally reached 64k ATH this year, same year we dropped under 30k, and again on same year reached to 68k+ and now we are under 50k, this all happened in a single year!

If this was some stock then I am 100% sure that SEC would file a suit against them and investigate them for something, they would look for why it is causing the stock price to be moving like that. One direction huge gain is understandable, Tesla made 50% just recently, but to be up and down this much, like even one big up and one big down is ok, but to be up and down multiple times in the north of 50%+ becomes something very unique only to the crypto world.