Re: Are you worried about the Bitcoin market today?

Yes, many of us today worried about the market whenever there is a sudden change in price and action. Of course the market wouldn't be that constant all time and we must experience the principle of the market which often goes up and down, and as an investor, traders we should have this common thinking that whenever the market remains stationary or constant then it could be hard for traders to make profits.

So what do you do next?

The Bitcoin market will ever remain unpredictable and traders will keep on troubling their psychological behaviors with the thrives of predicting the market while stares to sell or buy at a given good looking market price (FOMO).

Short term investors also panic at every intermediate price ratio out of FOMO. Let us not get this category of users twisted to be different but all the same because their state of emotions towards the market is always on the short term and while Bitcoin market may remain volatile, actualizing their goals remains a tussle with their little profits chasing and same time increasing their unhealthy risks.

What am I saying here? Investors with the long term plans always reap the providence of Bitcoins offer in the long run, So just hodl and don't be so overwhelmed at every short term trends.

There is nothing to worry about as a long-term investor because we all know it is normal and definitely the price will bounce back, only the traders are worried right now, since they will have to be calculating their losses leading them to sell of their investment because of fear.

Bitcoin that we all know is a long term investment and not a short-term investment, the fall in market price is only an advantage to accumulate and hold more for the future, so don't panic but be strong.

Exactly, fear for traders, not for holders. But have you forgotten about the turtle/tortoise? As it moves slowly, the price can now slowly decrease and then slowly increase again and that is the true nature of Bitcoin. Our goal is to learn the strategies to hold Bitcoin and hold on tightly to it and when its price shakes, we will not panic and remain calm and steady like a turtle. However, I think those who trade regularly are not too worried about these things because they are used to doing trade.

Rather, the good news is that currently, at various corporate levels and governments of various countries are welcoming the adoption of Bitcoin. So due to the universal acceptance of Bitcoin, its volatility has reduced a lot compared to before, which is actually very comforting for traders.