Post
Topic
Board Trading Discussion
Re: The price dropping, any reason the huge dump?
by
nur rochid
on 08/07/2023, 01:56:13 UTC
Drop isn't new in the market, just consider it as free fall as everything happens here - up and down. And it was not the thing we worried about but rather think that this is really how the market works. Might be because of the SEC, some FUDs, negative news, etc - all of them are a sort of manipulating factor that would affect the price but just believe that Bitcoin won't go that low anymore that we must be worried off, better make this a reason to buy more the same thing that the others did.
I think this is a normal cycle which can occur from various possibilities. However, what we can use as a reference is that conditions like this do not last long, so there is no need to panic. instead we have to be able to use it to buy when panic prices come, because we actually know the characteristics of bitcoin. and the events of 2018 may not have happened for now, at which time bitcoin reached a price of $3500, due to panic among investors. therefore for now we actually have to hunt for prices if there is a dump, as before bitcoin touched a price of $ 16500