Everything was going smoothly, so what was the reason for the sudden dump to $29k from $64k?
A sudden dump just happened because of Elon Musk said mining bitcoin is not eco-friendly? or it just happened cause china banned bitcoin?
Yeah, all those things do affect the market sometimes, although the problem I do have with some of those is that whenever the price goes down slightly, people are always looking for one thing or the other that they are going to blame for it as if the market was never meant to go down at some point. This is market, and one features of a market is that the prices of assets will always go up and down, and since Bitcoin is a volatile asset it’s going to be doing that a lot of times.
So, people acting like it is not something that was meant to happen really pisses me off, they act like it should only be increasing only, when they know that it should go both ways. There is time for everything.
We do have to realize Bitcoin will always go up and down over and over again, because Bitcoin moves based on supply and demand. So don't panic
or look for things to blame if the Bitcoin price suddenly drops, we must always be able to think positively when the market conditions are bad,
don't just think positively when the market goes up. If our mindset can change to be more positive, the Bitcoin support price should be much stronger
and not easy to fall. But I realize it is very difficult to change someone's mindset, it takes a long process. In the end I can only start with myself
and maybe the people closest to me to be able to control ourselves to think positively.