Quote from: JohnBitCo on June 29, 2022, 05:30:07 PM

Quote from: Apocollapse on June 13, 2022, 10:36:46 AM

I think this topic is worth to remind again for many newbies who panic about the current situation where Bitcoin price $30K strong resistance now drop to $24K currently traded. There are many so called expert who always predict Bitcoin price will go to x, the bottom is x etc, also one of them were offer to give his money to everyone if his prediction gone wrong, this strategy is to convince newbies to believe his words.

Not only newbies but the old investors also get panic seeing prices of bitcoin below 20,000$. More panic is being created by crypto related news sites which can more negative news shaking the confidence of the bitcoin holders. In these times, we need someone to keep reminding us that we have to stay strong and threads like this really help us to stay focused and not get involved in panic selling.

The statement that not only newbies, but also old investors are prone to panic will be closer to the truth. Any person can lose their nerves at the sight of a price drop of 70-80%. If news sites are the source of the panic, and you're not sure you can resist a bitcoin panic sell, then the solution is very simple - don't watch or read this news. It will be even better if remove any sources of information about crypto from view for a while until everything stabilizes.