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RE: 📉 Bitcoin lost over 15% in just 6 hours 📉 What's next?

in #bitcoin8 years ago (edited)

I've become immune to what I feel is collusion amongst whales across exchanges to short the market and shake panic sellers out. It's such easy money for them it's highway robbery. It's the norm in my opinion for a while until the space becomes less emerging and more regulated, so playing the game is just holding for now and buying a little on some dips of the coins I'm still working on accumulating. I hate that people get shaken to make irrational decisions out of fear, but that's where experience and getting desensitized to the games pays off in the long run, both financially and emotionally. My last panic sell was in June of 2017 and life has been much better since I stopped caring.

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Wonderful comment! It's wild west market yeah, i'm a buy and hold investor, but with cryptocurrencies i tested also trading because of curiosity to watch the fast transactions and to learn how it all works. And yes there were crazy situations in some ICO i stumbled over, where the price increased tenfold overnight.. and what someone is doing who sees the peak and and also the turning point in such situation, quite clear. But usually i'm just sitting and waiting and like corrections more then than too high prices. Thank you!

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