Quote from: Dave1 on October 19, 2022, 08:06:21 AM

Quote from: GeorgeJohn on October 18, 2022, 11:04:17 PM

Quote from: poorman1 on September 26, 2022, 07:35:39 PM

For some months, cryptocurrency is in a down falling trend which is the main cause.

The market of cryptocurrency is not something we can as well think about, because when looking at it. Cryptocurrency is something we know falling is not a new thing and it's rising is not new experience starting from the introduction of the day Bitcoin was launched. So the falling of Bitcoin do cryptocurrency of the awareness worldwide and rising of Bitcoin is applicable to the impact the falling contributes in cryptocurrency acceleration as well.

It's not a new thing for us, but for those who are newbie here, this could be a surprised for them to see the market going down at the start of the month. Nevertheless, this is a bear market wherein the price really goes down throughout this cycle, around 3-4 years if I'm not mistaken.

So we need to have the mental fortitude and courage to just stay in the market for now. Or just simply buy during a dip because the price of bitcoin is at a discount.

For us experienced users we will see this dip as an advantage but not for a newbie, they can only panic, sell and then get out because they freaked out but some of them will give cryptos a second chance once they heard it is recovering again. That's only the time for them to know that dips and pumps are only part of the game and dips are not permanent but it will also depend on the coins that they pick.

A scam coin will always experience a permanent dip but bitcoins and other legit coins will always recover after some time. It can be longer sometimes like on what we experience now so patience is also needed on here, not just knowledge alone.