This was the good one,So the trader should not worry about the minor fall,many had brought in the 68k pump.After that we had faced huge fall in the bitcoin market.Many a while the price doesn’t cross above the value of 32-34k.But many had the gift of the value with the double digits profit of the holding on the correction time.Still many trader claiming the bitcoin will reach the value of 100k as the next target in the 2024.It was essential for the trader to make some profit by just holding on the bull market of the cryptocurrency market.Don’t sell your assets at the panic of losing the high prices,the bull run not end yet.
You are misunderstanding trading with investing. For one to be able to keep his investment for up to 4-10yrs and above with increasing his bitcoin portfolio size regularly through DCA mixed with lump sum, or buy at the dip is known as hodli, and that means investment. This is because you are not after short-term profit, but rather you are allowing your investment to grow over a long period of time so that it can be profitable due to the capital and profit generating new profits.
When someone buys bitcoin and plan to sell whenever there is a price higher than his entry point, or too soon because of profit, he is a trader. That person will not benefit from the compounding value of bitcoin which is the highest of all profits, and that is why it is advised to invest in bitcoin, grow your investment through DCA regularly, amd hodli for a long period of time so that you can be proud of yourself for sacrificing and building your bitcoin investment, because bitcoin price increases with time-line, and it is the size of your bitcoin portfolio that determines your profit.