Hello friends how are you all hope everyone is doing well The market is suddenly down. It doesn't seem too unusual to me. Those new to the crypto market are a little nervous. Those who have been in the market for a long time see this very naturally.
Was it a normal correction or was it due to some negative news? One of the tenets of the market is that it never moves consistently upwards. This is the rule of the market by pumping the market and later dumping. I woke up yesterday morning and was disappointed to see the poor condition of the market. I immediately thought it might be good for the market.
A news was published, after which the market went down. Senators push SEC's Gensler not to approve any more ETFs This news has a temporary negative effect on the market. But it won't have any long-term ill effects. I hope the market will turn around again very soon.
Bitcoin is much better than gold and diamonds. When you have a lot of money, you can buy gold and diamonds as much as you want. Even if you have a lot of money, you cannot go and buy bitcoins at once, unless someone gives you a sale. Bitcoin has a limit of 21 million. Since bitcoins will no longer be produced, you cannot buy bitcoins at will.
Due to the huge demand for Bitcoin and its scarcity, it is expected that the price will increase greatly. A reputable bitcoin holder said never sell your bitcoins to a whale. Whales usually hold Bitcoin after the market turns lower. Panic of sorts ensued in the market and ordinary holders sold off their bitcoin reserves. It is at this opportunity that large holders buy bitcoins and enlarge their pockets.
Don't be alarmed by bearish behavior in the market. This happens for a very short period of time. This is very common for those who have been in the market for a long time. After the halving in 2024, the market is expected to reach much higher heights. Small correction markets are good for this.
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