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?
No need to complain whether be it's a new investor or an experienced investor, bitcoin investment is all about staying patient. Experienced investors can apply their knowledge during price drop to accumulate more Bitcoin at low price in other to capitalise on the potential profit when the price rises again. In moment when there is a sudden decline its important to engage in critical thinking, by seizing market fluctuation opportunities that is present and having the faith or the belief of more profit when the the price goes up.