Post
Topic
Board Bitcoin Discussion
Re: Benefits of Bitcoins recent price drop
by
kingvirtus09
on 17/09/2023, 09:03:48 UTC
With the current price, some people will still not invest in Bitcoin Many will still be expecting a fall in the price till it starts rising.
(....)
This is a common problem with us, it's on our emotions and I believe most people can relate when times that price is dropping, we are afraid to buy because we are thinking it may still go down. Same also when pumping, we are thinking it will always go up and we really feel happy about it without thinking other circumstances.


There are many who think that Bitcoin will go down in the market, and there are also many who think that Bitcoin will go up in the market. That if we look at it until now, it is still very difficult to determine whether it will really fall or rise? With the volatility of Bitcoin, there is a chance that the movement is slow, and there is also a chance that its movement is very wild in the market.

In these instances of the situation, this is where the advantage comes in: you have an understanding of reading a graph or chart on a trading view platform, so you know if this is the right positioning to buy or sell Bitcoin or crypto.

It's not good that we just base it on guesses because we don't have the knowledge to read the crypto trading situation. This style of trading is not correct or invalid, in my own opinion.