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❕NEWS Bitcoin recovers from sudden price drop on Binance

AudraMiller

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The volatility of the Bitcoin market and that of the other cryptocurrencies as well is no surprise. Bitcoin took a sudden 6% plunge in its price overnight on the Binance exchange platform. The price of Bitcoin dropped to just under 54k and then not long after that it recovered to 57.8k USD. This provided a great opportunity for traders to buy and sell their bitcoin. A great trading opportunity. Were you able to make the most of this trading opportunity?
 

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The volatility of the Bitcoin market and that of the other cryptocurrencies as well is no surprise. Bitcoin took a sudden 6% plunge in its price overnight on the Binance exchange platform. The price of Bitcoin dropped to just under 54k and then not long after that it recovered to 57.8k USD. This provided a great opportunity for traders to buy and sell their bitcoin. A great trading opportunity. Were you able to make the most of this trading opportunity?
I am not trading bitcoin currently because the bitcoin I have is not much , I have invested in other altcoins waiting for them to have a bull run anytime soon .
 

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I think it has fallen rapidly and last week was a good one but this week wasn't actually promising i just hope bitcoin price continues to increase to a large extent
 

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I think it has fallen rapidly and last week was a good one but this week wasn't actually promising i just hope bitcoin price continues to increase to a large extent
The price of Bitcoin is now below $44000, it is really a trying time for almost all the cryptocurrency we are only being optimistic that's the price we rise very soon.
 

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The price of Bitcoin is now below $44000, it is really a trying time for almost all the cryptocurrency we are only being optimistic that's the price we rise very soon.
I think next week should be a lucky one for the coin because the constant fall of the price is really worrisome to some people who bought at the increase
 

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I think next week should be a lucky one for the coin because the constant fall of the price is really worrisome to some people who bought at the increase
Yeah it is though most time when we witness a resistance or surge the next step is usually a big bull run hopefully next week or coming weeks.
 

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I look forward to the coming weeks for bitcoin to recover from this worrying decline because this isntjust about btc alone, even other coins are suffering the same fate.
 

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The price of Bitcoin is now below $44000, it is really a trying time for almost all the cryptocurrency we are only being optimistic that's the price we rise very soon.
Yeah true its really a trying time for most crypto currency even juld crypto i was expecting to rise have fallen to a very large amount i think , so its not really a easy time now
 

BullyMaguire

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I wonder how much it can drop this time.. hopefully not below 40.. the rise is kind of short lived isn't? Unlikewhat happened last November
 

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The volatility of the Bitcoin market and that of the other cryptocurrencies as well is no surprise. Bitcoin took a sudden 6% plunge in its price overnight on the Binance exchange platform. The price of Bitcoin dropped to just under 54k and then not long after that it recovered to 57.8k USD. This provided a great opportunity for traders to buy and sell their bitcoin. A great trading opportunity. Were you able to make the most of this trading opportunity?
A lot of traders have locked up their trading capital because of the sudden decline of bitcoin price and those that can't take the loss are patiently waiting for the price to rise again before they sell their coins.
 

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That is those that has bitcoin in there wallet. Buying bitcoin at this time require a lot capital, but will not be a problem compare to the profit you are going to make.
 

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A lot of traders have locked up their trading capital because of the sudden decline of bitcoin price and those that can't take the loss are patiently waiting for the price to rise again before they sell their coins.
Yeah. The price of bitcoin and the other coins are on a steady rise at the moment, which is a good thing for the cryptocurrency world as well, and users are able to make up for the their lost funds. To be honest, I had sold when I saw the dip starting, so I lost around 10 USD. I should have waited and been patient, but I think that panic set in.
 

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Yeah. The price of bitcoin and the other coins are on a steady rise at the moment, which is a good thing for the cryptocurrency world as well, and users are able to make up for the their lost funds. To be honest, I had sold when I saw the dip starting, so I lost around 10 USD. I should have waited and been patient, but I think that panic set in.
The better option you were to choose was just to also lock your funds and be patient like you said. But I know there was a reason you sold the coins because you aren't a newbie and understand the market as well.
 

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The better option you were to choose was just to also lock your funds and be patient like you said. But I know there was a reason you sold the coins because you aren't a newbie and understand the market as well.
Locking your funds is a great idea as well. I think that another good idea is to try and perhaps have money in your account to buy more of a coin. So if you have coins that you bought at a high price then you buy the dip after that, and upon buying the dip you reduce your overall cost of the coins and you will be able to see your return and profit sooner.
 

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Locking your funds is a great idea as well. I think that another good idea is to try and perhaps have money in your account to buy more of a coin. So if you have coins that you bought at a high price then you buy the dip after that, and upon buying the dip you reduce your overall cost of the coins and you will be able to see your return and profit sooner.
Yeah, it was an opportunity for us to buy more at that time and those that bought by now will be making not less than 5% profit on their investment capital which isn't too bad especially if the capital is decent.
 

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Yeah actually, I was able to purchase some bitcoin during the dip, Nd since then bitcoin has not really been impressive, hovering around 45,000 and 50,000 we hope it picks up and rise.
Just keep calm, it will surely pick up the green graph when the crashing is over. Maybe if you still have some cold money you can even invest some more and just leave them for time to tell.
 

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I feel these dips are normal but with Bitcoin it has always bounced back up , it's one of the reasons so many investors still hold on to it for later
 
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