Earlier, we were talking about altcoins, but now things with Bitcoin are also not bullish anymore and why I'm saying this can be seen in the snapshot of the price chart for Bitcoin that I have shared below. You can see I straight away crashed on its price, and its price dropped from 97K to 95K in a very short amount of time, and again I cannot predict the market that what is going to happen in the next day or next week, but this kind of is scary for a lot of people.
Some people give the reason that this is happening because the US was on shutdown for more than 50 days, and now that it is removed and things are getting back to normal, so all the data is reported now, which was not happening during the shutdown. This can be temporary because a lot of things are getting reported now, so obviously, a kind of turbulence is expected to happen.
As far as long-term investing is concerned, there is nothing to be worried about because Bitcoin will grow again, and if you are buying now when the price is low, it can be a good decision for you; however, again, this is not financial advice that I'm sharing.
In market we see this kind of situations often and this is why it is recommended that we need to invest in the market with long term mindset because if we do that then the probability of profitability might not happen in short term then also we have the holding powe,r and we can continue to hold for a long term when the investment will turn profitable.
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