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.
We don’t know whether this is a price that is here to stay or maybe it will make a U turn again. Some people have said that there would be a correction, but we don’t know yet if this is the price correction that we have been expecting to see. I did ask myself this particular question when I saw the price going down, but the sources that I have been seen online are not giving me reasons that are good enough to believe that they were ‘cause of the drop in price.
So, I am just going to believe that this is the normal up and down movement that the market makes. Like one of the sources I saw online was saying that the drop as of recently is because of China, that’s quite ridiculous because it has been a long time that we talked about China and all that. So it has nothing to do with that at all. So if you are seeing anybody telling you that, never believe it. I also saw someone saying that it has to do with Tesla making a U-turn with accepting Bitcoin as a payment,such information is also false.