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That slump in the value of Bitcoin and any other Cryptocurrency is too bad. I remembered when I posted an article about the price going higher than the $40k land mark. Now look at it now, going down -$6k that is touching, I fear for my coins now.
They gave you their own clue any one can give his or her suggestion. But remember you must not trust everything they say, cos they are humans like you. Follow the market and see for yourself, the latest actions that is happening around Bitcoin and other Cryptocurrencies.I was used to this kind of dump, but what I don't really understand is the reason some of the traders will be making us panic that the price will go lower than this the more. I don't see that happening, but that really made me worried at that particular moment.
Let me believe you that it gonna climb, cos I'm kinda having sombre feelings about such slump in price. This kind of price is not what small investors like me is actually looking for, I know the price do fluctuates based on the volatile nature.
Wow that's nice to know , in fact is like you are more better than me because I'm just new to this crypto trading of a thing, have you always been able to predict the market accurately , not hundred percent at least 75% accuracy ? anyway I'm still taking my time to learn more as much as I can because I'm very much interested to learn.As for forex trading, I haven't been able to get into trading on it because of how technical it is. Yes, I'm learning how to trade on it. For, cryptocurrency I'm into it and looking to expand my wings into more.
I have come to observe with time that the behavior of other cryptocurrencies is largely on how the Bitcoin behavior in the market reflects. It might have dropped for now. Maybe it's just a retracement before it bounces back againFew days ago, we had the news of the price of Bitcoin going as high as $41k but just yesterday, the price of Bitcoin, and other crypto currencies, took a downward slop with a BTC going for $34k.
I'm yet to sell my coins, though I'm worried if such trend will continue. What do you think?
even me that is what I've been observing like that of yesterday when the price of bitcoins actually drop to almost 20% I come to find out that other coins such as tron, ripple, ethereum also dropped to almost 15 to 20% and I was like wow the price of bitcoins actually affect.I have come to observe with time that the behavior of other cryptocurrencies is largely on how the Bitcoin behavior in the market reflects. It might have dropped for now. Maybe it's just a retracement before it bounces back again
That's also true, the extent of the dip might not be know but with good technical and fundamental analysis you should be able to predict to some extent how long the deep will go, strong lows created before would also be an area of concentration.You are right in saying this. The dip provides investors with a a great point at which to buy more coins that they can then profit from when the price rises. However it is hard to determine whether the dip is over or if it will dip even further and I think that this is the main reason that many people are scared to invest at this point.
I agree with you, panic sell is the reason most people run away from trading crypto currencies and end up saying it drained them, before entering this market you need to understand how volatile it is, compare it's movement in price action with gold over 10 years then you'll know crypto can make or Mar you. My advice remains that you always get enough knowledge before entering the market at all.Don't worry my friend. Just chill out for a while and don't panic sell because it's going to be a bad decision like I said before. The person who loses in cryptocurrency is the one sold his investment no matter how you look at it.
Yeah, there are many indicators that are able to give you an indication if the dip will continue how long it is going to last for and so forth and the resistance levels as well for the coins, however I think that these indicators as well can prove to be quite unreliable in the crypto market sometimes because there are freak drops in the prices where it was not planned for or predicted by any of the indicators. I guess this is the true nature of the volatility of crypto.That's also true, the extent of the dip might not be know but with good technical and fundamental analysis you should be able to predict to some extent how long the deep will go, strong lows created before would also be an area of concentration.
I am a bit nervous as to why the price of bitcoin seems so fluctuating these days.Ever since it dropped down from 40,000 it has never even moved about close to something around that value anymore and to even go back to 34.000 is a problem. Bitcoin is so funny sometimes.Few days ago, we had the news of the price of Bitcoin going as high as $41k but just yesterday, the price of Bitcoin, and other crypto currencies, took a downward slop with a BTC going for $34k.
I'm yet to sell my coins, though I'm worried if such trend will continue. What do you think?
Its simply struggling to keep the pace consistently at the moment moving up. It is on the resistance of $34,000-$36,000 at the mean time.Bitcoin price is difficult to predict most times as a lot of cryptocurrency expert have tried it and failed. It was doing $64k around February and now it struggles to maintain $35k for weeks now.