LIVELivio Picard
--
Bullish
WHY DID BITCOIN DROP?
That's the question I've seen all day on the internet. And that's the question you'll see throughout the bull market, asked everywhere on social media with each person giving a different explanation.
Why does everyone wonder why Bitcoin dropped and no one asks why Bitcoin rose? Because investors seek reassurance, they seek to blame someone. They seek a culprit, someone to say, "It's because of him, it's not because of us!"
The truth is, it's all bullshit. The reason Bitcoin rose is that there were more buyers than sellers, and the reason Bitcoin dropped is that there were more sellers than buyers. With every significant price movement, people will seek out outlandish explanations to justify a classic market move, like the others, only to reassure themselves.
The truth is, there's no explanation for market movements: people sold because they wanted to take their profits, or they lost confidence in cryptocurrencies, or they needed money to fund their wedding. That's the explanation: it's different every time because there are as many explanations as there are people who sold.
The bottom line is that the market dropped, and that's all that matters, regardless of the reasons. Act accordingly, and you'll start making money. Spend your time analyzing, learning, rather than searching far and wide for the reason behind an asset's drop.
When you understand this, you'll be much more responsible in the markets and much more likely to profit than 95% of other investors. Believe me, I speak from experience.
This post reflects only my opinion.
Thank you for reading.
If you enjoyed it, don't hesitate to like, comment, share the post, and especially subscribe. It helps me a lot.
Livio P-V.
#Write2Earn
That's the question I've seen all day on the internet. And that's the question you'll see throughout the bull market, asked everywhere on social media with each person giving a different explanation.
Why does everyone wonder why Bitcoin dropped and no one asks why Bitcoin rose? Because investors seek reassurance, they seek to blame someone. They seek a culprit, someone to say, "It's because of him, it's not because of us!"
The truth is, it's all bullshit. The reason Bitcoin rose is that there were more buyers than sellers, and the reason Bitcoin dropped is that there were more sellers than buyers. With every significant price movement, people will seek out outlandish explanations to justify a classic market move, like the others, only to reassure themselves.
The truth is, there's no explanation for market movements: people sold because they wanted to take their profits, or they lost confidence in cryptocurrencies, or they needed money to fund their wedding. That's the explanation: it's different every time because there are as many explanations as there are people who sold.
The bottom line is that the market dropped, and that's all that matters, regardless of the reasons. Act accordingly, and you'll start making money. Spend your time analyzing, learning, rather than searching far and wide for the reason behind an asset's drop.
When you understand this, you'll be much more responsible in the markets and much more likely to profit than 95% of other investors. Believe me, I speak from experience.
This post reflects only my opinion.
Thank you for reading.
If you enjoyed it, don't hesitate to like, comment, share the post, and especially subscribe. It helps me a lot.
Livio P-V.
#Write2Earn
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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