What is the reason for the decline in the price of cryptocurrency Bitcoin? It is unimaginable that it will suddenly decrease by 2.6 billion. If this is reduced, the price of Bitcoin can go below 30 thousand?
What makes you say that it is unimaginable? Is it that you don’t believe that the price can drop at anytime Despite that you are being told that it is volatile? As long as cryptocurrency market is concerned, anything can be possible: the market can increase at anytime and even increase more than you expected, and in the same way it can also decrease to a level that you would least expect.
So since the market is volatile, it is full of surprises. Anyone that is buying Bitcoin and any cryptocurrency at all has to be ready for the surprise that comes with it and you have to plan yourself and know when to make use of a different strategies that will work,‘cause one strategy won’t keep working for you at all times.
The reason I like Bitcoin is because the movement can go up drastically and can generate big profits. I agree with your opinion that Bitcoin is
always full of surprises, meaning that nothing is impossible in the crypto world. Therefore do not be surprised if suddenly the price of Bitcoin
falls very deep, because it has repeatedly fallen the price of Bitcoin very deeply and can always recover again. So my advice if the Bitcoin price falls
there is no need to panic, we just need to be patient holding Bitcoin until the price goes up again. What's interesting about Bitcoin is that its price is
getting higher every year, so long-term investment in Bitcoin is very profitable.