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.
Yep, those who have been in the 2017 bullrun/bearish run have matured enough in the next 4 years because they've seen enough of the market, and how it goes during that time. But for sure there are newcomers who really don't know what to do, or expecting more from the price movement.
Specially everyone might have set that in December we will hit $100k, but it's not going to happened. But we need to understand and be mature enough that not all predictions are going to happen. And maybe that's one reason why the market is still strong even if we miss that 6 digits.