Quote from: Agbe on Today at 07:32:43 AM

Quote from: Cryptomultiplier on August 28, 2022, 09:16:45 AM

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.

Though no one want the bitcoin price to come down even those who are buying in the bear Market would still want it to be high for them to sell. But people who are dealing with bitcoin supposed to understand the movement by now. Yes when bitcoin price goes up bitcoiners rejoice. But you don't have to over rejoice because it has its own peculiar way of movement. Yes when BTC was going up I also predicted that the price would not come down again but the price drastically come down to 19k last weekend.

Richard Heart is not supposed cry as a strong bitcoin influencer in that matter. He would have been the right person to encourage others that not strong in the faith. Now that he is the one doing the opposite what will the other that are not strong in the bitcoin faith will do?
Moving to the dipest part is what we can not predict. But I believe it would stay on this figure of 19k to 20k within this imber month period.

actually if we understand the performance of bitcoin from the beginning to the present, of course we will not be too worried about the price, it's just that many people are focused on price fluctuations and that makes them enter in doubt. from the beginning before bitcoin grew, many people were pessimistic about bitcoin, even before there was a decline from $21k to $3500, and finally it rose significantly and this time in a bearish season, from that picture we can look for opportunities in the current situation