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.
I think this is just the usual December pullback trend plus other factors such as fear of the new covid-19 variant which is omicron, government regulations and concerns, market correction, and whales making various movement that causes downtrend. So just the same usual reasons + the pandemic threat which explains the red color in the market for the past few days already. I think this is just temporary and sooner, bitcoin together with other coins will eventually bounce back. Hopefully, the market will recover in the early quarter of 2022 for those people who wanted to withdraw some funds. Because right now, it isn't really ideal to sell because price positions are low. Although I must say it is very ideal to buy and go shopping right now because everything is on "sale". This is a great opportunity to buy the dip on those reputable coins. If you plan to stay for the long term, you should not worry so much because bitcoin will regain its price position in no time. You just have to have patience to wait. Crypto isn't for the faint-hearted people. Buy the fear, sell the greed.