A couple of weeks ago I was excited that bitcoin price had gained 23k+. I was positive that it was going to at least stay steady at that point for some and the go up gradually, but boy was I wrong. On Twitter this user -
Richard Heart, tweeted "Pray that #Bitcoin doesn't hit $11,000. For if it does, the sound of me patting myself on the back will be heard around the world."(What does this even mean?). Anyways, I decided to open my Binance app(I do not check the price daily. Is this normal?) only to find out that the price has plummeted to 20k. Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.
You said that you are a long term holder but your sentiments say that you are in a panic seeing bitcoin price dumps. No one knows if bitcoin can reach near 11K in near future but it should not matter to long term holders. I am just waiting for the price to hit the lows so that the accumulation journey starts from that point which will lead to another bull market after the next halving in 2024. It sad but price will dump to very low levels to give maximum pain to the holders.