Hello everyone, recently there has been a lot of panic on this forum due to the big price change of Bitcoin (as it always happens). Understandably, many people are confused and worried as they have lost thousands in their value, especially if they have bought higher than the current price. But as someone who has been into Bitcoin for 1.5 years (not too long, I know) I want to advice to newcomers to simply relax. Huge price swing were always a part of Bitcoin, so there's nothing extraordinary here and the worst thing you can do is to make panic trades. Basically, there are two main approaches to Bitcoin trading - you either hodl it, meaning you never sell it until it reached "the moon", or you are actively trading it to get profit from volatility. So, if you believe in Bitcoin's technology and don't have experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.
Yes, I agree with you, this is not the end of bitcoin, as low as any bitcoin price as long as it does not go down to zero it's still possible to rise. Panic just makes us unable to think clearly and think this has become the end of bitcoin.
Really, when such a low price is now a good opportunity to buy and get bitcoin for a bargain price, for those who sell cheap will regret tomorrow or the next day because of the high price, and I'm sure the bitcoin price will skyrocket again.
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