What would cause bitcoin to drop 30% or more?
As you are wondering why Bitcoin dropped this far, that is also the question many people seem to be asking.
I didn't expect Bitcoin to drop that much this month, but that's what happened, but I still don't think it's a bearish trend yet.
If this happens because of bad news then it is only temporary until it returns to normal.
Just like as always on which the price is always been that unpredictable and there's no way that we can be able to tell behind on whats the reason on such drops.
10-20-30% drops are really just that like an ordinary day here on crypto space and only new traders/investors are the ones who do get that high reactions when it comes into these drops on which they've been really that believing that there's something wrong with this market on why it had made out such sharp drop. On the time or moment that they do made out such or gain up some experience then they would be definitely be having at least the idea on how this market works and behaves in the first place. When we do deal up with this market then the primary thing that comes up into our mind is on the price volatility on which if you've been here on this market for a while you do have already the idea on how things works.
Instead on freaking out then you will be seeing these drops as an opportunity to make out some buybacks. We do know that on the time or moment that you've been that dealing up with this space then you should really be that versatile and you should really be that having that kind of adaptability when it comes to price conditions or movements. If you are really that serious on wanting to survive into this space then you will be needing up to have that kind of adaptability then this will really be that you main consideration.