Quote from: AnonBitCoiner on June 16, 2024, 06:50:42 AM

Quote from: Ben Barubal on May 22, 2024, 02:04:01 AM

What is happening now is like when Bitcoin was at 49k, it suddenly had a rally in the market and was forced to break the previous ATH, and when the previous one was broken and there was a new ATH, then there started to be a correction for more than two months.

And now it is having a rally again; they probably also have a target price, and once they beat it, I am pretty sure they will take profit, and then there will be another correction or retracement that will happen, and they will buy in the dip again.

There is no need to be stressful due to small changes in market condition because sometimes there will be correction while sometimes there will be news which will effect the price of Bitcoin and indirectly the price of altcoins so decide to sell and buy according to the market condition not according to your fear which act as an enemy of an individual.

There will be correction again after a huge pump but the main cause of dump after a huge pump will be lots of selling from an individual who already has bought Bitcoin to sell it when the price reached to 100k$ so once it hit 100k$ then majority of people will focus on selling instead of waiting which will effect Bitcoin and eventually it will goes down but all increase and decrease are cyclic and non permanent.

But there are investors or traders alike who wants to complicate things on their end, that's why they become stressful when there is a slippage in the price like what we have seen in recent when the price goes down to $60k and for sure there could be a newbies somewhere who are afraid and got nervous because they might have bought at a higher price and might have pulled the sell button.

However, for veterans or who have the experienced for many years here, it's just a bit normal, price fluctuates, nobody will know what the future holds. But if we are here for the bigger picture then why not just buy cheap and hold, a great example is when the price is at lowest low during the bear market at $15,500. If you have that mental fortitude to not sell and have bought around that price, you are still in a big profits and just waiting for the price to hit $100k in 2025.