Post
Topic
Board Bitcoin Discussion
Re: Do you also panic when bitcoin price falls more than 10-20% in a day ?
by
letteredhub
on 07/08/2024, 13:01:06 UTC
Therefore, now I am waiting for Bitcoin to fall, and the lower its price falls, the better it will be for me. I advise you to think about a similar strategy. This is how bears make money in the market.

I am not panicking but I am a little sad, because it will take a longer process to reach a new high price.  Maybe every user has a different way of responding to this. They have different techniques to profit from bitcoin's price volatility. Not everyone is as capable as you. The easiest way is to hold it for longer, even though it requires good emotional control.
It's okay to be sad in as much as you ain't panicking because it's out of panicking that some traders sell at loss or prematurely. Frankly speaking, no body is really happy about the price of bitcoin falling to above 15% within 24hrs, however, while many expectations are projected towards a new ATH straight up, others are praying for a one time dip to occur before the ATH. It is actually to every investor according to his strategy but generally at the end of the day everyone who hold for a long term will be in profit because the bears won't be here forever.