I’m a proud Bitcoiner and watching the pumps and dumps of the cryptocurrency market can be a wild ride. Just when you think the price is going to cross a certain threshold, it can suddenly drop. Whether it’s going up or down, it’s a roller coaster of emotions.
I was recently surprised to see the price close over 30k, but it didn’t last long and I’m not sure if it will cross 31k this time. There’s always a degree of uncertainty and it’s worth reasoning out the analysis before making any big decisions, because you never know what will happen.
Sometimes when the price starts to go down, I’m tempted to buy and sure enough, as soon as I do, the price will go down even further. I’m starting to think there’s truth to the meme about bitcoin prices going down after someone buys it.
It’s important to stay calm and remember that we have the whole future ahead of us. Even when the price dips, there’s always room for growth and there’s even been some nice pumps on bad equity days.
Right now, we’re waiting to see how it will hold up over the weekend and whether it can stay above 30k. It looks like there might be a death cross rally coming up and that could lead to a lot of pain.
It’s definitely a journey and I’m sure there will be plenty of highs and lows along the way. But, at the end of the day, I’m still a proud Bitcoiner and I’m excited to see where it will go next.