Post
Topic
Board Bitcoin Discussion
Re: Reason for the dump in Bitcoin and most of the Altcoin?
by
dunfida
on 10/12/2021, 20:37:52 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's because of FUD or just a market correction but just take it easy don't be a panic seller because it was expected as market usually crashes before a big pump. Whatever the reason behind this sudden market drop, it's a good chance to buy bitcoin and other potential altcoins as long as you have capital and then just hold and wait the market to recover.
People do really love of finding out reasons on particular situations like market correction or crash on where  they do seek of those things of which they should realize that this is how the market works and instead of freaking out then it would be better if you do play smart and  wise.

If there would be some correction then there would be always that recovery because we cant just have  a market which would really be only having
that single possible movement.

Thing here  is that you wont know on when it would happen.