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[AudraMiller]

When it comes to the price of any cryptocurrency dropping, there is two ways to react and that is to continue to hold and buy the dip or you can panic and sell. Those that are invested in bitcoin for the long term however, have been using the dip as a great opportunity to buy and increase their investment, with a recent news report showing that there are over 267 thousand bitcoin that have been bought and put into long term holding in the last couple of weeks alone.

 

[Niftyicon]

This is why it is being said that when you panic and sell, you simply give the whales more bitcoins to buy, hence, more power to move the markets.

 

[AudraMiller]

This is why it is being said that when you panic and sell, you simply give the whales more bitcoins to buy, hence, more power to move the markets.

I think that panic sales is one of the hardest things that people need to come to terms with because it is natural for people to panic when they see the price decreases however it is important that would cryptocurrency you understand the volatility and as a result continued to hold your cryptocurrency portfolio until a favorable proposition is reached.

 

[Niftyicon]

I think that panic sales is one of the hardest things that people need to come to terms with because it is natural for people to panic when they see the price decreases however it is important that would cryptocurrency you understand the volatility and as a result continued to hold your cryptocurrency portfolio until a favorable proposition is reached.

You are right about that. It can be quite tempting to just sell off and cut your losses but you beat up yourself when you see that the same coin was merely retracing and rising again.

 

[AudraMiller]

You are right about that. It can be quite tempting to just sell off and cut your losses but you beat up yourself when you see that the same coin was merely retracing and rising again.

I have done this on many occasions and it has been quite disappointing, that is why now i am trying to aim to earn more coins that i can store for a long period of time.

 

[Brain]

I think that panic sales is one of the hardest things that people need to come to terms with because it is natural for people to panic when they see the price decreases however it is important that would cryptocurrency you understand the volatility and as a result continued to hold your cryptocurrency portfolio until a favorable proposition is reached.

Thats investors for you especially those that don't really understand the market I think we need to educate ourselves better to profit more from the volatility of the crypto currency world

 

[Ononivami1]

The long-term holding of the bitcoin is responsible for the price surge because their is a strong buying pressure in the market presently.

 

[AudraMiller]

Thats investors for you especially those that don't really understand the market I think we need to educate ourselves better to profit more from the volatility of the crypto currency world

People have a tendency to jump straight into the cryptocurrency world thinking that it will be an easy way for them to make money and not considering all of the technical knowledge needed.

 

[Wisdom01]

The development is not stopping yet more are still going to acquire more and hold , because they also want to make more gains from the market ,the coin have a tendency to grow more

 

[Balint098]

Bitcoin indeed is profitable, but not for the weak of heart who can't deal with the numerous momentary slump, and its volatility.