Home     Forum     401k     401k Rollovers     Crypto Forum
    Register   Login   Members   Search   FAQs     Recent Posts    



Bitcoin Price Slumping Due To Fear And Panic

Reply to topic
Money Talk > Investing, Stocks and Bonds

Author Thread
EdwinB
New Member


Cash: $ 2.75

Posts: 9
Joined: 12 Feb 2018
Location: Nicaragua
Bitcoin Price Slumping Due To Fear And Panic  Reply with quote  

Bitcoin price has been a major focus of news media over the last few months, following its spectacular rise and devastating descent. With the Bitcoin price currently standing at just over $1,000 per unit, the value of the cryptocurrency has tumbled by 60 percent in the matter of just a few months. And although the Bitcoin price has already taken a bit of a kicking, it seems that this trend is far from over based on recent activity.

As recently as Friday, Bitcoin fell by 5 percent in value, after another disastrous week for the digital payment solution. After staging something of a recovery, this meant that the Bitcoin price had fallen to a one-month low. While the cryptocurrency niche has always been somewhat volatile, the current climate seems to indicate that something more than the mere characteristics of Bitcoin is contributing to its trading travails.

It is suggested that there is something of a mood of fear and panic that is impacting on the Bitcoin price and trading conditions. Analysts believe that continuing bad headlines related to Bitcoin are seriously affecting market sentiment, and ultimately leading to a gloomy short-term outlook for all cryptocurrencies.
Post Mon Mar 12, 2018 4:51 am
 View user's profile Send private message
Dankore
Preferred Member


Cash: $ 34.60

Posts: 168
Joined: 26 Jun 2017

 Reply with quote  

Yes, fortunately or unfortunately, when people are driven by emotions, they often lose money. I believe that emotions in trading don't always lead to reasonable and most importantly effective decisions. Sometimes traders give in to a mass panic and start selling stocks or currencies that could actually rise in value further, so this leads to the fact that they lose money, but on the other hand, this is what allows other traders who know more about investing emotions to do great profit. I believe that learning about emotions and being able to control them is very important in order to become successful.
Post Fri Dec 11, 2020 7:31 am
 View user's profile Send private message
bugmenot
Member


Cash: $ 4.37

Posts: 19
Joined: 23 Dec 2004

 Reply with quote  

I like to bet on sports or play regular slots gg197.bet/en/c*sino/slots You can win well on them. I like it when money immediately comes into my hands. If you are a gambling person, then you can also try yourself in the game, it helps to kill time and earn[/url]
Post Wed Jun 16, 2021 11:20 pm
 View user's profile Send private message

Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      


Money Talk © 2003-2022

Crypto Prices