Many of you are wondering and asked from me why the value of bitcoin has dropped so critically and rapidly?
While there are not any clear reasons behind why bitcoin's price has dropped so quickly.
But this fall has been boosted by the negative news from Korea, Regulatory Of Crypto Markets and a great deal of negative press.
Whatever the reason is for the fall. It is important to focus on the future and learn from the past. There have been some worse scenarios in the past too and yet the price has managed to recover!
AS the history proves that there is something to LEARN from this:
- Don't panic, relax and zoom out.
- When "Crash" happens, this is likely a buy opportunity
- Even you would buy from the top, value is likely getting back to the price you bought it from.
These markets are very emotional and very volatile.
If you are wanting to learn to trade these markets properly, then it is important to learn the psychological aspect of trading in these markets.
Previous years have been great for bitcoin and let's keep HODLING in the following years too!
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Things to Remember:
- Stop-loss orders are strongly recommended.
- Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
- Do your homework before investing.
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
It's fueled by vengeance of previous losses, overly optimistic applications, bewildering dreams of being a millionaire, the be all and end all of "get rich quick schemes".
Headlines like "Bitcoin the unkillable asset" will run rampant.
It doesn't count if you don't learn how to take profit !