Bitcoin dropped below $60k
The Crypto market sentiments are not going well these days as Bitcoin price has dropped a lot and now it's below 60k us dollars. We have seen Bitcoin price above 71k for a while a few weeks back. This type of market fluctuation is not happening for the first time hence we can say that it is the nature of the market however this was not expected but again it's a market and anything can happen.
Usually before a big rice happen in the market this type of crash scene in this overall Crypto market and probably this could be because whales are trying to accumulate more Bitcoins at lower price. It is hard to say whether we are entering in the Bull market after this shake however looks like this could be the last shake in the market which is the bigger one and people who are trying to have a nice holding can try their hands..
The price fluctuation is the nature of any market and crypto is not different. In fact this market is highly volatile and we don't know when we can see such a big dump in the market. I believe that in the long run things are going to be much more valuable and this is why it is important to plan things accordingly and there is nothing to worry about even this time when the market is down provided the goal is for the long term.
I am not worry about this type of market draw because if the price for Bitcoin is down then probably the same sentiments and momentum can be seen on the alt coin as well which means we can get another opportunity to buy some nice coin at discount price. I have couple of coins in my list that I wanted to buy for quite some time but did not do because I did not get the better pricing. If I get to see a better price in the market for those coins then I will buy some and wait for my goal to meet after certain period of time. Overall there is nothing to worry about if you are goal is at the long term because this market is going to grow a lot but we need to have patience and wait for that moment when things are going as per the gold price how your sometime it can be long but most likely it will happen..
Thank you so much for stopping by and if you like my content, please vote and share your thoughts in the comments section.
10% beneficiary to Tron-fan-club
X link
Upvoted! Thank you for supporting witness @jswit.
Well Bitcoin price movement doesn't really bother me much now because I know this is usually what happens before the much awaited bull run starts, thanks for sharing this quality post.