Post
Topic
Board Speculation
Re: Reason for the dump in Bitcoin and most of the Altcoin?
by
rozak
on 15/12/2021, 14:51:47 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.
probably most gainers wants to keep their profits for good i mean for xmas as well reasons market suddenly turn into bearish.. Its very skeptical indeed wherein to let your money floating especially on this month wherein you know that most people need money. Lol maybe month of January there will be a changes again as it's the right time again to make investment for long run. A new beginning!  Wink
withdrawing their money for vacation purposes for example (because of the end of the year), I don't think it is very good for long-time holders in the crypto market.
indeed we can see this market cycle with some past market trends. but it is not a reference in my opinion.
Usually, those who carry out such asset management strategies are day traders and medium-term investors. as for the long-term holders, I believe they still hold their bitcoins along with several other assets.