Talk about the wild ride we are having with Bitcoin
I am a crypto currency day trader. Every morning I wake up and one of the few first things I do is check up on the market. So far my experience has been that I wake up to a kind of disaster. Either bitcoin is down and along with the altcoin market or bitcoin is up and altcoin prices are down. Then slowly market corrects itself as a whole and have my good trading days.
I think the silver lining is the entire market as a whole is growing steadily. Also the convergence of all the new ideas based on the blockchain technology also makes it a very interesting place to be.
Please do share your thoughts, how do you find it ? How do cope with these kind of days?
Thanks.
Well, I read somewhere that it is ok and normal to feel hurt if you a trading.
When things look bad like today
$120 000 000 000 leaked out of cryptos over night
Absolute blood bath of red
Nothing good comes easy, but as you say its all steadily going up and one cannot make continuous bad moves in a bull market. Its an easier market to invest in if it is going up.
And there is still so much room for growth.
And there are a great deal of very powerful and wealthy people who want to lift the world out of poverty and struggle - they will make Bitcoin and Cryptos work for a long time to come.
All the best with your investments
That is an excellent point. $120B leaking out overnight makes it a big deal. Wondering at this point what made this huge volume shift.