Quote from: JohnBitCo on Today at 04:37:23 AM

Quote from: FIFA worldcup on February 26, 2022, 06:54:56 AM

Many people think that bitcoin should move up in a straight line but this is not how the market works. Markets may show us many up and down before moving up and sadly people are not ready for these movements and sell their bitcoin before it reaches the all time high.

The good thing is that for those people who hope that bitcoin will reach a new all time high, bitcoin will not disappoint them however it may take a longer time and longer path. This is the reality of bitcoin which everyone should know. When everyone knows that bitcoin will cross all time high in the coming month and years then why do they need to sell their holding in spot in a loss? Those who hold bitcoin in futures are only at the risk of liquidation in case the market moves in the opposite direction.

Like all financial markets, cryptocurrency also moves up and down. Volatility makes it more prone to market changes but its also the best reason why people stay longer in crypto. However, with bitcoin you have bigger assurance that it will definitely reach its all time high but it may be a long waiting game and patience really at stake. When the market suddenly crashes, weak hands tend to lose their patience and sell their coins, while strong hands never gets bothered easily of the price decline and hold even more their bitcoin. This is why they mostly succeed and gain huge profits in bitcoin because they know exactly how to react whenever bitcoin price moves in opposite direction.