sadly, bitcoin continues to go down, it is at $37K. I always believed the price hike was unnatural. When it reached $65K it was mainly due to the infleuncers.
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I had to quote this post because Bitcoin is 40k now even though it fell from 60k to 29k. An investor needs to be patient with his investment or he'll liquidate early and lose out. Bitcoin will still reach its all time high.I don't want to write a thred about the steep drop of about $ 5,000 in Bitcoin, which occurred only in the last five days, because this is now known to all.
But I would like to make a clarification. During the year 2020, where this crypto had an increase in value equal to 500%, beating all previous records, all the people I heard here on Bitcoin topics, seemed really excited to invest, even aiming to clear that, such crypto could reach as much as $ 300,000 within 2021 !!
But in just three days Bitcoin collapses by 20% and now all these people, seem to "cry!".
Now I say, although maybe it would have been better to think about it BEFORE, because it could not be ruled out that this could have happened!
But, forgive me, in short, in my opinion nothing is compromised!
I see. as you can see, I published this post seven months ago, when I still did not understand much about the functioning of Bitcoin and cryptocurrencies in general.I had to quote this post because Bitcoin is 40k now even though it fell from 60k to 29k. An investor needs to be patient with his investment or he'll liquidate early and lose out. Bitcoin will still reach its all time high.
The composite man behind this currency know what he his doing because they are psychologist... They know what human emotion can drive people into.I don't want to write a thred about the steep drop of about $ 5,000 in Bitcoin, which occurred only in the last five days, because this is now known to all.
But I would like to make a clarification. During the year 2020, where this crypto had an increase in value equal to 500%, beating all previous records, all the people I heard here on Bitcoin topics, seemed really excited to invest, even aiming to clear that, such crypto could reach as much as $ 300,000 within 2021 !!
But in just three days Bitcoin collapses by 20% and now all these people, seem to "cry!".
Now I say, although maybe it would have been better to think about it BEFORE, because it could not be ruled out that this could have happened!
But, forgive me, in short, in my opinion nothing is compromised!
Of course you are absolutely right, an average investors come with the mindset of making money quickly not knowing the nature of the market.In all the excitement of the bullish run of bitcoin, an average investor should have had the volatile nature of bitcoin and the other Cryptos in mind. However, seeing a fall now does not cancel out the probability of a rise in the near future.
You're right, nothing is predictable in the final line and therefore even in this circumstance, it is also necessary to wait for any unforeseen events.The composite man behind this currency know what he his doing because they are psychologist... They know what human emotion can drive people into.
sadly, bitcoin continues to go down, it is at $37K. I always believed the price hike was unnatural. When it reached $65K it was mainly due to the infleuncers.
I don't want to write a thred about the steep drop of about $ 5,000 in Bitcoin, which occurred only in the last five days, because this is now known to all.
But I would like to make a clarification. During the year 2020, where this crypto had an increase in value equal to 500%, beating all previous records, all the people I heard here on Bitcoin topics, seemed really excited to invest, even aiming to clear that, such crypto could reach as much as $ 300,000 within 2021 !!
But in just three days Bitcoin collapses by 20% and now all these people, seem to "cry!".
Now I say, although maybe it would have been better to think about it BEFORE, because it could not be ruled out that this could have happened!
But, forgive me, in short, in my opinion nothing is compromised!
Indeed. And (also) on Bitcoin, at this point I'm wondering if they earn better the long-term investors or those who "up and leave".Seriously, the drastic fall in the prices of all cryptocurrencies with Bitcoin at its helm is a very big challenge for a lot of investors. So many investors pulled out their investments.
Bitcoin price has already passed the $5,000 level you are writing. Presently the price of one Bitcoin is at $41,000. Those who bought it at $5,000 could earn a lot already. It's good if they did not sell it yet because their money will really grow now that it's in $41k. I am really amazed about the price of Bitcoin. Sometimes it's up and then it's down. It's very volatile indeed.I don't want to write a thred about the steep drop of about $ 5,000 in Bitcoin, which occurred only in the last five days, because this is now known to all.
But I would like to make a clarification. During the year 2020, where this crypto had an increase in value equal to 500%, beating all previous records, all the people I heard here on Bitcoin topics, seemed really excited to invest, even aiming to clear that, such crypto could reach as much as $ 300,000 within 2021 !!
But in just three days Bitcoin collapses by 20% and now all these people, seem to "cry!".
Now I say, although maybe it would have been better to think about it BEFORE, because it could not be ruled out that this could have happened!
But, forgive me, in short, in my opinion nothing is compromised!
Yes that's how it is in crypto. You might be lucky to come across a token that will appreciate immediately you buy it but it shouldn't be a yard stick for other tokens. Some coins are still in the dip now but will moon soon.I see. as you can see, I published this post seven months ago, when I still did not understand much about the functioning of Bitcoin and cryptocurrencies in general.
Well, now that I have a clearer idea, therefore it is necessary to have patience, and above all, it is wrong to expect to obtain the so-called: "everything immediately!".
Thank you.
Well, as you can see, I published this post in January (7 months ago) when, after the Bitcoin having upset all its historical records in its ascent, reaching $ 60,000 throughout the year 2020, it had a sudden and unexpected decline, which disappointed expectations for many who already saw it the coming projection towards value $ 100,000.Bitcoin price has already passed the $5,000 level you are writing. Presently the price of one Bitcoin is at $41,000. Those who bought it at $5,000 could earn a lot already. It's good if they did not sell it yet because their money will really grow now that it's in $41k. I am really amazed about the price of Bitcoin. Sometimes it's up and then it's down. It's very volatile indeed.