Will Bitcoin bounce back?
Hey guys wanted to share a little info I saw earlier cause it reminded me of several other big dip I've saw caused by other big news like China was gonna ban exchanges and now South Korea leaning for an all out ban on cryptocurrency. Everytime there's some big news like this Bitcoin and most the other altcoins take a dive. Now if your looking to sale high and get back in low. Then like me you embrace down trends. I love to see a spike then to sale and wait for the bottom or close. Then I watch my coins multiply. Unfortunately I've heard many newbies talking about what they lost in Bitcoin the last few days. I so hate to hear this. Though I haven't been in cryptocurrency very long and have made the same mistake early on. I sure hate to hear of others making the same mistake. Especially on larger scales as mine was minimal thankfully. After watching Bitcoin make unbelievable runs up. From my studies totally expecting a pull back. When these huge drops happen it surely took me by surprise early on. Then I come to realize that bitcoins drop and altoin drops really aren't that different. They make a huge run then correct come down and find a new level of support usually. Then will gather steam and eventually rise again. Anytime I miss the chance to get out and buy back low. I just ride it out and it always comes back eventually finds new highs. These runs are genally because of something being over bought due to people buying the news then people sale big out of fear. Then it will drop back down and usually find a new support line. Usually higher as new investors have bought while low and intend to ride long term. Each high and low tends to leave each coin or token at a new high as you can see by checking out most charts. Unless you've invested in a so called shit coin and it's dropped off and went for broke. Please rest assured if you did mess up and buy to high and feel like you lossed out during a drop but didn't short sale it. Bitcoin and most of the rest will come back and keep going as the charts I'm posting indicate Bitcoin will likely find it's $20k soon after this drop. Leaving many more altcoins to find new all time high as well. Hold on or hodl your investment. Don't buy high sale low like a ton of people do. Look at your coins long term charts. Weeks,months,years or what ever and study the past tendencies it will come back. As long as you've done your research made sound investments good product will keep rising. Hope this helped someone. Even one person was worth my time. Thanks for taking the time to read. Please follow and upvote and resteem as will I thanks again
@affadsense This is a very nice post,I like to read it.
@affadsense This is a very nice post,I like to read it.
Thank you very much I love hearing that so awesome