I've been taking a short break from my work for the past two days - and WOW was I totally shocked when I know the price of bitcoin having dropped so much the previous day. I was wondering what this was all about - but my quick search says Elon Musk seems to be one of the reasons for the decline.
So far I haven't really cared much about market volatility - but the current market conditions have reminded me of the FTX crash. Not sure when the market will recover even though I'm not too affected by the volatility. My hope is only one; avoid panic - just hold your bitcoin and accumulate.
If we focus on the long term, of course it will not care about the short -term volatility, I am also surprised why Bitcoin can now be $ 25K, even though I think the price will reach at least $ 40K in August, but this is Bitcoin who is used to experiencing a trend like this And don't panic and keep buying to focus long -term.