Post
Topic
Board Bitcoin Discussion
Re: Do you also panic when bitcoin price falls more than 10-20% in a day ?
by
GeorgeJohn
on 07/08/2024, 19:49:41 UTC
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
people that will panic when price of bitcoin decreases is newbie in cryptocurrency investment mostly, because I know that someone who has invested in Bitcoin like triple times has acquired the experience of bitcoin kinds of flow in cryptocurrency network, so I know very well that in cryptocurrency people who always be afraid of bitcoin is people who doesn't know the rudiments of cryptocurrency investment and especially bitcoin

So I know quite well that people doesn't trust bitcoin mostly when the price is decreasing in value, but once the price get accelerated, people began to rejoice and praise the existence of bitcoin, not knowing that the price of bitcoin is not constant, I know that bitcoin price what makes it to increase is the level of the demand, so when the demand is not high the price will crash.