And even with the Bybit news hacking incident, it stayed on top of $90k
Such news like this on hack is not going to make a major shift on the market price, you can imagine that not all the Bybit exchange users got hacked, the exchange as well is still functioning and their site not down, it's not a major event to shook the crypto community, after all most of the whales we are having don't make use of a centralized exchange for their asset, so I don't expect much significant effects of this on the market price.
It does.
It will take time and just like what we're seeing right now, there's another massive correction that we're seeing today.
I guess that some of the biggest holders are trying to manipulate again by riding this incident.
We'd see more of this soon but even with that, I am still bullish.
Don't worry about that its just another natural movement of the market since not every time Bitcoins goes up. What's important to do is to accumulate since we have another chance to buy Bitcoin at discounter price.
Paying much attention on latest event and got worried about those dumps will make people panic about that situation. So instead of getting negative thoughts about that condition people should think about many positive things will happen for this year so that they would have confidence to continue to accumulate Bitcoin. I'm not expecting Bitcoin to drop at $90k so better continue to accumulate and HODL bitcoin. Losers are the one who would think about selling their Bitcoin at this point.
I really don't know why guys panic about events happening right now in the market forgetting the fact that bitcoin has it's own partners with which it follows that without or without the pro bitcoin government era that seems to be affecting the market bitcoin will still for all reasons make greenish moves in due time and perhaps guys should better consider all that is happening in the market as a ln opportunity to grabs more stash in to their portfolio rather than panicking when the price of bitcoin is quite cheap yet.
In fact, many may be scared by the current situation, because Bitcoin has dropped to $88K right now. However, this opportunity should be used better. Maybe many will now withdraw their holdings from Bitcoin, (thinking that Bitcoin may dump even more), but by doing this, they are losing opportunities to build a better portfolio. Those who understand Bitcoin well and know the real potential of Bitcoin, they are now looking to buy more. This time is an opportunity to buy more Bitcoin at a cheaper price. But panicked investors always fail to take advantage of this dip market. So, at this time, instead of panicking, you should focus on buying more Bitcoin, then it is possible to build a better portfolio and only then it is possible to make a more better profits.
I see this current dip in the market as a dip that should be utilized properly, because it might never come again, yes their is a possibility that it might drop further, but we should all take note that Bitcoin is on the rise, and as such, it's best to buy more now and add to your stash, just as you have said already, this is the best time to buy, and most newbies and those that have no faith in Bitcoin will be selling in panic, but we that knows it's too cheap now comparing to how much it might skyrocket up to in the future has nothing to worry about because we believe that Bitcoin is an opportunity that can be used to build a generational wealth only if we can acquire a very huge stash of it and hold for a very long period of time like 10 years or more.
The only thing that is required of us is to pay less attention to the outside noise and discouragement from hater, so as not to be discouraged in the future, because holding is way more difficult than just buying.