At present, the market is experiencing a global correction. Someone attributed to this the manipulation of large players, some think that the cartel wants to bring down the market, but that's what I think about this:
1)Earlier when the first crypto currency (bitcoin) was born, there were few about it, that was heard, there were only enthusiasts who were interested in the mine. Here they are the first holders who sold them for 1-10 $
2)Then the game involved people associated with innovative technologies, which had large extra money, that would buy them bitcoin at cheap prices from the first miners. Thus raising the price to $ 100
3)But since after such a surge in prices, the first holders sold all their bitcoins, bringing down the rate. I do not think that in the past years 2010-2014 these were corrections. Most of all it was the draining of the first players who were happy that they sold so dearly. And they thought that the bubble burst
4)But large holders, all bought out and dropped superfluous players. After that, a good news background started, carrying a missile called bitcoin far into space.
5)People have heard from all sides what bitcoin is and that it grows very fast. Without understanding the market, despite the graphics, people bought bitcoins, selling apartments and getting into loans. By that, they carried the missile far into space. But the day came when the big The holder decided not to wait any longer for the end of the galaxy, but decided to sell his bitcoins ...
6)And people bought everything and bought ... And when the buyers were over, the sale of those who bought not long ago began. Then the sale of those who bought at the top was started. Forming with this a snowball, flying down. And now those who did not dare to go to market, not having had time to click on the buy button for $ 20,000 sitting and rejoicing that they did not come here. Sometimes glancing at the low rate
7)But we know that such a low price is an occasion to buy crypto currency. I'm sure that there will not be such prices any more. When players who sold bitcoin for $ 100-200-300 pumping a rocket with fuel began to enter the game. TV to say that the bubble does not burst, but grows. And the race of those who will buy for expensive ($ 30,000-$ 50,000) from those who buy now will begin. The choice is yours when you buy ...
Market majors/thought leaders, control the market with the help of FOMO (fear of missed opportunity) and FUD (fear, uncertainty and doubt). The activity of financial giants acts as a catalyst for jumps and falls in the price rates. Thus, they form the mood of the majority, which increase growth or decline. Enhanced punchy growth inspires confidence and is able to force to buy assets in a rush and unwisely. Uncertainty and fear provoke a speedy sale in the same way. A well-known investor and billionaire Warren Buffett, with $ 90 billion on his account, used to say: Be fearful when others are greedy, and be greedy when others are fearful.
It is really important to act independently and not always follow the crowd, especially when the market is highly overbought (if you consider buying) or oversold (in case selling is considered).
Also, no need to breed any form of fear, if one can practice the strategy of buy at low price and Sell at High Price very well. Now the market has fell and it's still falling, many traders are out there filled with panic. Why not take advantage of that and buy your coins now before the market booms again all of a sudden.
And being able to tolerate the degree of exposure you have to the market. If it drops down to 6k and you start sweating, you've put too much money in. But if it drops down there and you shrug, well you're a safe investor. Risks are only as risky as you make them through your decisions as an investor.
I wouldn't be putting my entire savings account into anything, so why would people do it with bitcoin? Sure, it's a great new idea and I support it fully. But it's something that should be used with other ideas as well. One idea is never the best idea. There's always an opportunity for others as well.
