đBitcoin's sudden drop has been widely discussed on the internet today. This question often arises during bull markets, with everyone offering different explanations. However, why doesnât anyone ask why Bitcoin rises? Itâs because investors want reassurance and someone to blame, seeking a scapegoat to say, "Itâs because of them, not us!"
đThe reality is that itâs all nonsense. Bitcoin rises due to more buyers than sellers and falls due to more sellers than buyers. Significant price movements prompt people to seek dramatic explanations for a common market occurrence, just to comfort themselves.
đThereâs no single reason for market movements: people sell to take profits, lose confidence in cryptocurrencies, or need money for personal reasons. The explanation varies because each individual has different reasons for selling.
đUltimately, the market dropped, and thatâs what counts. Focus on understanding and learning from these movements instead of obsessing over the reasons. By doing so, youâll become more responsible in the markets and have a better chance of profiting than most investors. Trust me, this advice comes from experience.
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