Chill time

[osasshem]

Here we go again, another drop after touching what we thought was a breakout point. But honestly, this isn’t new. Bitcoin has always behaved like this, sudden dumps after ATHs, then slow recoveries that catch everyone off guard.

Because of the thought of seeing a new breakout point is the major reason for liquidating large trading accounts across different trading platforms, which has lead to numerous devastating situations to crypto traders, forgetting how to manage trading risks and losses, creating a vulnerable trading environment because of large profit expectation due to large leverage.

This sudden dump was a very quick and sharp one, which is not how we do see its correction methods before and it really took everyone and mostly traders off guard.

So this isn’t a time to panic. It’s a time to stay calm, observe, and prepare for the next opportunity. If history keeps repeating, the best move right now might be simple, wait and buy the dip.

It is hard not to panic; but don't out of emotions make a wrong choice in decision making at this time. Instead of panic selling, keep holding or panic buy at a down time market like this, as every possible deep is a good opportunity to buy more.

[Yaunfitda]

When bitcoin reacts the way it has done, we are overreacting to it and make it worse. The best thing to do during this time would be making sure that we are handling it well enough that we wouldn't mind ups and downs. Long term investment gives you what you wish and that should be the way to move forward as well. I understand it is not that easy to handle this right away, but we can make this work one way or another so we should be careful about it.

I think that is normal reaction of the market. Understand that there are a lot of investors and traders around the world. So everyone is very different in terms of their strategies. Others might sell, not to panic but to stop the bleeding and then re-invest again when everything settles down.

I see that many people sold in panic when the price went down, and now that it is recovering they are regretting it. It has always been the same, when it goes down people are overreacting to it and that causes a lot of trouble. We should be careful and not see it as a big trouble. I get that it may not be easy to handle, but that's the way we make money.

It's going to be a very expensive lessons for those who sold in panic mode. And hopefully not by regretting, but learning from it. But then there will be new set of investors. Newbies that will repeat this same mistakes but this is why the market is thriving. Right now, we have a good bounce already to $111k and it could go to maybe $113k before this month ends.

[Republikcoin.com]

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Yes, in the world of investment, sharp fluctuations and declines are a normal or common occurrence. If we have been involved in the market, of course we will not be surprised or panic when we see quite significant changes. Experience in the market does build mental resilience investors who are accustomed to volatility tend to see sharp declines as opportunities, not threats. Yes, of course, with such a decline, all investors will definitely take advantage of the discount moment and get the cheapest price.

This is quite possible for current investors, or for investors who still like to buy Bitcoin at any price, especially at the current discount. So today, we've all seen the Bitcoin price re-pass the $110,000 mark in the market. And I hope this price rebound isn't just a short-lived event, so that in the next month everyone can see Bitcoin prices near their all-time highs. Because the current price is clearly not that far from the highest price ever reached by Bitcoin.