Post
Topic
Board Speculation
Re: Take your eyes off from the fall in price
by
JoyMarsha
on 31/08/2023, 22:52:54 UTC
Before now many speculators do say by this the price of bitcoin should be around $35,000 by now, and this is the kind of news investors wants to hear all the time but it is unfortunate that the price of bitcoin has drop to $25k which can be heart breaking to some investors expecially the new ones. 
OP It's as if you already know how heartbreaking the decline in the price of bitcoin is for some investors, especially the new ones. They are in an awful situation since they are unaware of bitcoin's volatile nature and how it works (price increases and decreases). They bought bitcoins for short-term goals, not for long-term goals. If people truly intend to invest in Bitcoin for long-term objectives, the price decline won't break their hearts instead providing them with a chance to buy additional Bitcoin at a lower price.

The majority of new crypto investors experience heartbreak and lose hope in bitcoin when the price changes in ways that are greater than what they anticipated (price reduction). Because of that, some of them may even be able to sell their bitcoin holdings at a loss.