Bitcoin's market price has suddenly dropped from a high of $123k to $118k. I don't think it's time to panic completely, but it's time to be cautious and patient.
Some in-depth economic or technical analysis, self-control and a risk-taking mindset, and confidence in long-term goals are the most effective steps to take during this price fluctuation.
Do you have a long-term plan in Bitcoin during these volatile times?
Bitcoin is currently trading at nearly $120k so it’s not actually a serious drop, but just a small drop that will eventually rise up again. With this, I don’t see any reason to panic as that will only lead to wrong decision making afterwards that could lead someone to losing.
Instead, let’s welcome this as a new opportunity to enter the market for newbies, and for us old investors, let’s just keep keep on hodling because there is brighter future ahead for bitcoin waiting for those who keep their patience.
Of course, the current market situation is not in a dumping situation, it is still at a normal and strong level, $120K is undoubtedly a strong level, but market volatility is not a matter of concern, because long-term growth occurs through market declines, so in the short-term declines that occur due to volatility, Bitcoin gains strength to rise further, so there is no reason to worry about them, but rather think about buying more at this time, and hold Bitcoin with a long-term perspective, the future of Bitcoin is bright, and to benefit the most from this bright future, you must have a long-term holding mindset.