I don't really know if I'm the only one who's see this on Bitcoin price that's heading down where we don't want it to be or is it just trying to show those who never saw it getting past $67-69k? Huh...? I hope it gets back up again, or is it that some of us are not getting the job done like completing the push-up to 100? Or are some of us stopping at 60 that's why we have it at $68k now🤔🤔? Who's monitoring this push-up? We need to get it back up to $70k+ ones more.
I believe some of us are having this disappointing look on our faces after seeing the market price losing it's force of get to $100k, it must surely turn around anytime soon to a much higher price, ones it gets to $70k the journey to $100k continues.
A dump for ants... in other words, does not really even count for a dump.. yet.
I don't think is just an ordinary dump like you said because the way Bitcoin price is running down is so fast and this is the fastest dump I have seen since this year. We were expecting to see Bitcoin price going up but now is at $65k (this last time I checked), what seems to be the problem this time around? Well I hope this won't continue like this in this new week because if it does I believe it would kill the morale of those who have been holding for long and it might trigger some to start selling.
We can never know how long the dumps are going to last, yet we should be ready, willing and able to withstand them and to have plans about how to deal with them, whether it is just holding through or buying more... and we already had a couple of other quick dumps this year, from $49k to $38.5k and the other one from $64k to $59.5k and so these kinds of dumps are not unusual.. but they really have not been lasting, so far.. ..
Is true these type of dump don't last up to 2 weeks but from all indications it seems like it might take a little part of this week to keep maintaining the dump and to me I see it as a temptation to all those who are hodling. The market movement at this point is some how heading upwards but I can't say it will rush back to $72-73k we saw it last, it will take it's time.
Yes.. you sound like one of the weak hands that they would like to get to sell, and if you do, then you would likely regret it.
Newbies get so excited about short-term profits, and they tend to fail/refuse to recognize and appreciate the power of compounding value that comes from longer time holding of your BTC, and so if you are over-invested, sure shave off a bit, but otherwise, don't be over investing so much that you feel that you have to get a short-term profit when there is a hell of a lot more value in terms of figuring out longer term ways to hold your BTC and to enjoy the likely fruits of compounding value (and yeah, the compounding value is not guaranteed, but there is no real reason to consider bitcoin's investment thesis to be not be getting stronger with the passage of time).
Honestly I feel tempted when I saw the market price going down the drill but I think we're still on the right track, still believe that Bitcoin price would start a new beginning by heading to that target of hitting $100k+ without going down as it went few days back.
I feel when traders and investors reason to sell is when they lack that other means of getting funds to cover for that long term period while hodling, there need to be a plan
B and if there isn't it becomes a problem.