Quote from: jaberwock on February 20, 2023, 09:35:50 AM

Quote from: Joshapat on February 20, 2023, 05:03:53 AM

Quote from: Researchoo on February 13, 2023, 07:13:41 PM

Bitcoin Started Dumping again
Now can we expect $17000 Again?
According to me, it will Dump again $17000 am I right?

Many people panic and sell bitcoin when the market is dumping, if we are used to investing or daily trading bitcoin then dumping is a good opportunity to buy, and this week the price has risen by more than 12%, if we are daily trading, of course we have to know a good moment to buy or sell, but if we make bitcoin for long-term investment then we have the opportunity to get more than 50% profit a year.

We are in 2023 right now, if people still see the price falling and panic sell, then they haven't seen how bitcoin moved in the past 10 years or so. This isn't a secret information neither, you could google the past prices of bitcoin and see that whenever it crashes, it recovers as well. Which means that instead of selling, you should be buying bitcoin because that means you are going to end up with a good profit.

This is of course not an easy task, because people still fear, and fear is not something that goes away quickly. But you could ignore your fear of price going down, with the information of it always recovering eventually and that way make a good profit.

True, but what ends up happening is that people see how the price of bitcoin has moved over the years and believe they can take it with no problem, but when they find themselves in a situation in which the price of bitcoin begins to go down they panic, even if deep down they know this is the way bitcoin moves, so those people need to find a way to overcome those fears, and the easiest way to do this is to read more about bitcoin and how no matter how low the price can go it will always recover.