A tornado has been raging in the crypto market for several months. As a result, Bitcoin was falling from 59,000 to 42,000 this month. After a while, 17 thousand dollars was reduced to see. It was coming down from 64,000 to 28,000 a few months ago. Why is there so much dumping in the market. Where the position of Bitcoin is supposed to go in the right direction? Do you think this is a sign of stable market?
Nobody said it has to be a stable market. Crypto is known to be a volatile asset and it is expected for the market to be volatile during bull/bear runs.
To be honest, the current pump and dumps are comparatively better than the previous pumps and dumps.
Take a look into the previous cycles and you will know how volatile the market had been previously.
I think the market is maturing every year and things will get better in the long term.
^ You are definitely right, things are getting better in the long run and that was BTC is.
I don't mind if there is a correction in BTC, instead, I may think that it is the right time to accumulate more if I have extra money to invest.
That is normal to the BTC price, it will always fluctuate because of the volatile nature that BTC has, as you said, this is known as a volatile asset which is nothing to worry about if the price will drop. Just keep holding your asset and you will never regret it in the future.