Bitcoin Dump

[doc]

I sold some of my assets in July and converted them into USD so in August when the dump happened, I was able to buy some potential coins and now I have made a profit if I sell them now because the price of bitcoin has risen to $60K, but it hasn't reached the same level. my target. I will sell it when the price of bitcoin reaches $70K

You are lucky because you have converted all your crypto assets to USD in July, dude. I should have learned from you because I haven't had time to sell my assets and got stuck because suddenly the price of bitcoin plunged, reducing my assets a lot and there was no way I could sell my coins at a loss.

I was trapped and had not had time to sell my coins before the correction occurred, I also waited for the bitcoin price to improve again. Currently bitcoin has started to touch $ 64K, the possibility of bitcoin prices soon reaching more hold $ 70k if no negative news hits.

Negative news will always cause bitcoin prices to drop, but the market will return to normal once the news has passed. As of now, bitcoin prices are recovering after we hear of many large bitcoin sales. for those who have more funds can buy bitcoin when there is a correction, I already bought it last week from my savings.

[kulkhan]

Up and down is normal behaviour of cryptocurrency market. Some times we will see market gose up and some times we will see market gose down. So it is not dramatic i think it is normal. We know few months ago bitcoin price was near about $20k and after that it up again and we saw new ATH of bitcoin for bitcoin history. So i think there has no need to disappointed about it. If market go down it will back today or tomorrow i strongly believe it.

[Hisbullah]

Up and down is normal behaviour of cryptocurrency market. Some times we will see market gose up and some times we will see market gose down. So it is not dramatic i think it is normal. We know few months ago bitcoin price was near about $20k and after that it up again and we saw new ATH of bitcoin for bitcoin history. So i think there has no need to disappointed about it. If market go down it will back today or tomorrow i strongly believe it.

Ups and downs are a natural part of the market, but don’t expect bitcoin to drop to $20K this year because it’s impossible. We might see bitcoin at $40K but it will never go below that, that’s the nature of the volatile crypto market.

[JoyMarsha]

Negative news will always cause bitcoin prices to drop, but the market will return to normal once the news has passed. As of now, bitcoin prices are recovering after we hear of many large bitcoin sales. for those who have more funds can buy bitcoin when there is a correction, I already bought it last week from my savings.

Given the way Bitcoin reacts to negative news, I no longer place my mind on Bitcoin price. I am only focusing on next year when the price of Bitcoin will boom.

For this year, whatever price Bitcoin reaches, I am not giving it much concern that is because the negative or positive news that happened is the cause of it.

[rizqillah]

Negative news will always cause bitcoin prices to drop, but the market will return to normal once the news has passed. As of now, bitcoin prices are recovering after we hear of many large bitcoin sales. for those who have more funds can buy bitcoin when there is a correction, I already bought it last week from my savings.

Given the way Bitcoin reacts to negative news, I no longer place my mind on Bitcoin price. I am only focusing on next year when the price of Bitcoin will boom.

For this year, whatever price Bitcoin reaches, I am not giving it much concern that is because the negative or positive news that happened is the cause of it.

That's the right thing to do if we have decided to hold until next year, we should not care about the negative news that is attacking bitcoin right now. We remain focused on facing next year by adding to our current coin collection, namely by taking advantage of market corrections by buying coins.

[pieppiep]

Negative news will always cause bitcoin prices to drop, but the market will return to normal once the news has passed. As of now, bitcoin prices are recovering after we hear of many large bitcoin sales. for those who have more funds can buy bitcoin when there is a correction, I already bought it last week from my savings.

Given the way Bitcoin reacts to negative news, I no longer place my mind on Bitcoin price. I am only focusing on next year when the price of Bitcoin will boom.

For this year, whatever price Bitcoin reaches, I am not giving it much concern that is because the negative or positive news that happened is the cause of it.

That's the right thing to do if we have decided to hold until next year, we should not care about the negative news that is attacking bitcoin right now. We remain focused on facing next year by adding to our current coin collection, namely by taking advantage of market corrections by buying coins.

True. We must be strong to keep holding the assets we have until the price becomes very expensive again someday. We will only regret it if we sell the assets we have too quickly at a low price. As long as we have income in the real world, it will be easy to hodl.

[doc]

That's the right thing to do if we have decided to hold until next year, we should not care about the negative news that is attacking bitcoin right now. We remain focused on facing next year by adding to our current coin collection, namely by taking advantage of market corrections by buying coins.

True. We must be strong to keep holding the assets we have until the price becomes very expensive again someday. We will only regret it if we sell the assets we have too quickly at a low price. As long as we have income in the real world, it will be easy to hodl.
[/quote]
We should always be patient and calm and keep holding the coins we have until our target is achieved. We should not rush to sell our assets if we have not yet obtained the profit that matches what we are targeting, in my opinion.

[Legion]

We should always be patient and calm and keep holding the coins we have until our target is achieved. We should not rush to sell our assets if we have not yet obtained the profit that matches what we are targeting, in my opinion.

Some of the key lessons or rules to follow in investing include, not getting easily carried away, irritated or anxious especially when investing in the crypto market. Such action plans involve holding securities for a certain period before selling them in order to attain a set goal, this prevents investors from making irrational decisions that are brought about by short term volatility. In this sense, staying with regard to the principle of investment and tilting towards the certain long-term objectives can help to better cope with the price flanks and achieve the maximal potential of profit not in favour of a certain strategy.
 
 It is also essential to go on reconsideration of the conditions in the market and the selected investment plan from time to time. Yes it is a good thing to stick to a target, but you find that there are changes in the market situations and the general economic conditions. The situational risk can be managed better if targets are updated in light of latest information, and creating contingencies plan or an exit plan where required. In this case, investors need not be cheats since they have enough information to make better and more informed decisions that they would make if flexible.

[Hisbullah]

We should always be patient and calm and keep holding the coins we have until our target is achieved. We should not rush to sell our assets if we have not yet obtained the profit that matches what we are targeting, in my opinion.

Some of the key lessons or rules to follow in investing include, not getting easily carried away, irritated or anxious especially when investing in the crypto market. Such action plans involve holding securities for a certain period before selling them in order to attain a set goal, this prevents investors from making irrational decisions that are brought about by short term volatility. In this sense, staying with regard to the principle of investment and tilting towards the certain long-term objectives can help to better cope with the price flanks and achieve the maximal potential of profit not in favour of a certain strategy.
 
 

I will comment on the challenge not to be easily carried away by the atmosphere, upset, anxious in investing because emotions will interfere with our focus in investing. The crypto market will always fluctuate, sometimes we are also trapped in high prices when suddenly the price drops. stay calm and don't panic because the market will improve again.

[summonerrk]

We should always be patient and calm and keep holding the coins we have until our target is achieved. We should not rush to sell our assets if we have not yet obtained the profit that matches what we are targeting, in my opinion.

Some of the key lessons or rules to follow in investing include, not getting easily carried away, irritated or anxious especially when investing in the crypto market. Such action plans involve holding securities for a certain period before selling them in order to attain a set goal, this prevents investors from making irrational decisions that are brought about by short term volatility. In this sense, staying with regard to the principle of investment and tilting towards the certain long-term objectives can help to better cope with the price flanks and achieve the maximal potential of profit not in favour of a certain strategy.
 
 

I will comment on the challenge not to be easily carried away by the atmosphere, upset, anxious in investing because emotions will interfere with our focus in investing. The crypto market will always fluctuate, sometimes we are also trapped in high prices when suddenly the price drops. stay calm and don't panic because the market will improve again.

And this is a very pressing issue: many investors have their own opinion. It is correct and formed over the years. But they give in to the opinion of the crowd, are afraid of becoming a black sheep and therefore run after the crowd in the end. And this is wrong. You need to defend your opinion to the end.

[|MINER|]

It is very normal that Bitcoin will pump and dump. But this dump is very sudden. We hope it will pump much faster than this. Because this dump can cause a lot of loss to many people, but we hope that Bitcoin can recover from this loss very quickly.  Because we are very optimistic about Bitcoin. Because it is a decentralized coin.
 There is very little chance of losing money by investing in it. Therefore, most people are interested in investing in it.  Bitcoin prices go up during bull runs, so hopefully this dump won't last long.