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.
How can the price stay steady when it is been traded actively? I doubt btc price can ever stay stable, it is the up and down movement of price that helps new investors to come in and also gives opportunity for day traders to make profit. Btc is not designed to be stable so don't expect it to be suddenly. If you can't watch the price, uninstall the app, unfollow the sites till when bear market is over.