Oh, it's happening again.
What happened seems like "Buy the rumor, sell the news".
A very huge reason for this dump is El Salvador for sure, a coincidence? Since a lot for sure expected that Bitcoin could pump too hard because one country started buying Bitcoins and starting to use Bitcoin as legal tender but the market dumped.
Yes sir i also shocked after seeing todays dump. That means that line again work " buy the rumor, sell the news" you are right. Just think those person who also believed this news gives a hard pump in the market and go for long option in future trade option. They all becomes ruin if they didn't use stop lose. One if my friend called me and says he thought it is a pump time and he gose for long trade at $50k with his $2k. Now his all money becomes liquidate. He didn't use stop loss too. My friend literally crying on phone. But what can i do i just tell him learn from this mistake and start a new journey.
Actually, the incident where the Bitcoin pump was not long after that the dump occurred had often happened before. So we should already understand
the risks of investing in Bitcoin, it is very important to use stop-loss when deciding short-term trading in Bitcoin. But for people who are planning
a long term investment in Bitcoin, there is no need to panic about what is happening now, we just need to buy more Bitcoin now. Because I believe
the price of Bitcoin will recover soon. After all, as long as we don't sell the Bitcoin we have when the price drops, we haven't lost anything.
So just be patient with holding the Bitcoin we have, especially for people who buy Bitcoin above $50k.