BTC's taken a hit this year, down from its crazy high of $104k in 2024 to $91k now. With all the market swings, halving hype, and uncertainty, im wondering, should we be worried or is this just a normal dip?
Are you new to bitcoin or cryptocurrency? Because only a new investor will be worried about the price of bitcoin reaching an ATH and still dropping backwards. It’s very normal for bitcoin to move upwards and downwards and the occurrence of halving and bull run doesn’t mean the price will not decrease from time time so you don’t have anything to worry about because bitcoin we all know will rise again surpassing it current ATH.
Why will you be worried? When bitcoin is pumping, everyone will keep quiet like nothing is happening in the market, but when the market is dumping, you will see everyone complaining. The reason why most people do complain whenever there is dump is just that they lack proper knowledge about bitcoin before investing in it, so whenever they see that their money is reduce, they do end up panicking, and that’s why some people do sell their coin even at loss whenever the market is down.
It because no one wants to lose their money and some of them think bitcoin will on increase in value and never decrease that’s why when they see the price dropping they get frustrated easily. If you have good sound knowledge about bitcoin you will not be worried whenever the price is dropping because it’s an opportunity for you to even accumulate more bitcoin at a very cheaper rate but most people are ignorant of this an are only concerned about their money.