With the sudden fall of Bitcoin price at this early stage of this very month of August, do we even have to see something new as in terms of getting a new price? From $69k back down to $50k as the current price, the market price was a bit strong in heading towards the $70k which was the resistance for the better part of 2-3 months ago now we have been trying to see it get to that amount or even get past it but nothing relatively positive has happened to meet up to that amount and now we have it at $50k which is not in anyway trying to go up, who's going to complain more, old investors who has been hoping for the price to continue going up or the new ones that just saw it getting to $70k and all of a sudden it went back to $50k?
It is definitely going to be the new investors who just entered the market. As an old investors shoukd have known that the market is not always in one direction, as the market is always program to go up and down. The old investors know fully well that instead of complaining they should be buying the dip while the new investors who bought at $65k and above will be scared to invest further, as it will make no sense to him or her. When you are already experienced at something and well acquainted with it's behavior you won't be terrified when you are seeing such behavior being displayed, unlike someone who is new to the environment. Old investors should have seen several dips this year alone, so this one will not be different from those ones he has seen. So why will he be terrified?