Re: From Sideways to Downhill

Apparently, the sideways market broke down not out. Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?

BTC price fluctuation is something that is common and as an investor, enthusiast or trader, prepare for such situations. I will not want to be the harbinger of doom, but looking at the market cap, BTC is still falling( 20,426.18) as at writing. What to do? A little exercise of patience will be needed as even tho it's going down, it definitely will push back up.

The thing that makes us interested in bitcoin is high price fluctuations, if we want low price fluctuations then we can choose forex trading, I have traded in forex and the price changes are only 2% in a month, so cryptocurrencies are suitable for daily trading

People should realize that because crypto market did really get famous because of its price volatility and we should really be that get used to huge price swings or in huge percentage which is really that a normal day here on this space unlike forex or stocks which is totally different I would say basing on my own personal experience.So risk factor is indeed high for this one and it's up to someone whether they could bare the risk or not because not all are getting used to with these movements so make yourself better prepared because emotions and psychological aspect would be mainly played on.