Bitcoin price today is $102,665.40. So today I want to talk about something. A few days ago, there was a big decline in the Bitcoin market. At that time, many people thought that the price of Bitcoin might not increase anymore. Thinking this, many people sold their holdings. At that time, I made a post and said that during this decline, you should try to buy as aggressively as you can. No one panics and sells their holdings. At that time, many people said that it is not right to blindly believe in Bitcoin's past. Those who panicked and sold their holdings are now regretting it very much. Never panic after investing. The possibility of profit in long-term investments is very high. So invest and do not sell your holdings until your time limit is over.
This decline can be an inspiration for all investors. For example, those who do not believe in Bitcoin should look at this decline to understand what Bitcoin is and how much its value can increase in the future.
Anyone who sells his Bitcoin probably due decline in price is actually still a newbie because that shows how little their knowledge Is when it comes to bitcoin. Alot of persons have had this conception before but the only result to selling off your Bitcoin prematurely is regret, at the end everyone who sell off will regret because there are still more ATH for bitcoin to break. Not more than half the world population is holding bitcoin, and logically if some more persons decides to adopt bitcoin, this will end up in a bullish state this profiting every holders. The best holding strategy for bitcoin is a long term investment because traders only get to make profit when the price at lower time frame favors them.
Yes anyone who actually sold their holdings due to the initial drop in the price of Bitcoin is new to the crypto community and is not well informed about how Bitcoin works patience is key when it comes to Bitcoin investment as the longer you hold on to your assets the more more the price appropriate over time so holding offers you the opportunity of making sure that one see the price of Bitcoin soar up so you can sell at when you wants it.
This increase in price should be an encouragement to those who has not been grounded in how the price of Bitcoin works going forward they should not easily sell their Bitcoin asserts due to initial drop in price which may be due to inflation