Quote from: Nrcewker on November 11, 2022, 07:39:16 AM

Quote from: Cledonism on November 11, 2022, 07:35:50 AM

We should wait until the price becomes stable again. There are some panic sellers who have lost their money. Buyers may benefit from this situation though.

We should completely avoid buying or selling at this current situation. Market is really unbalanced and there are a lot of fluctuations we can witness. All these are made by the big sharks in order to get profits. But sad to know that there are some panic sellers who falling in this trap and selling their coins. Nevertheless they are setting example for others. Bitcoins are for long term investment only, so think again before selling. Only sell these precious Bitcoins when you need money in real emergencies.

If you are a trader then there is no need for you to stop but a high fluctuations are in fact your strengths. This should make your trades more easier and more profitable but for a long term investor, the only thing that they can do right now is to buy more coins because the price of the coins are dropping badly again.

I don't think the recent dip in the price is caused by the manipulators such as sharks or whales but I can believe more on what the majority is saying right now that is caused by the crypto exchanges. There will always be panic sellers because there will always be new people that will enter on this market but old crypto users already learned their lesson.