3 Reasons You Make Mistakes When Bitcoin Prices Go Down
Don’t be the one who makes this silly mistake.
The Bitcoin fear and greed index says it all. You get fearful when prices go down.
Thinking to yourself, you don’t want to lose money. In reality, you’re not. Honestly, you only lose money when you sell your cryptocurrencies for a loss.
You only lost money on paper.
But when the price of Bitcoin goes down, you are actually buying at a better price than when it was $65,000 a few months ago.
Now, you just wait for the price to rebound.
You see, this is not the lottery. So you don’t get to win instantly.
In this market, it’s very different.
And, you need to be very patient to handle the ups and downs of the market. If you didn’t know, this is a very volatile Bitcoin market that can go up and down $10,000 in the blink of an eye.
Yes, it moves that fast.
Those Whales control a large majority of the market and make price moves to fit their own agenda. So, this is when you need to be flexible and adjust to the moves in the market.
It may take a few days but usually takes a few months to years for you to see a big profit.
