Introduction
Common Bitcoin, you have failed again to make us happy today on the chart in the green area. I love doing my meditation on the grass, not in a bloodbath. Anyway, this is the reality of the market today, so we don't have a choice to deal with it.
I don't have heard anything that might cause the price of Bitcoin to go south. Maybe it's not worth my time to always have a rational answer to the price of action. It is part of a DNA of a crypto investor to deal with this extreme volatility. It is like a wind that goes at 240km in hours in your face. At least you can be sure your hair will have a nice haircut!
When we are in the green territory is when we feel like we are good investors. We have the mood to be like a superhero and everything is possible. You feel like you can carry an enormous mountain over your shoulders.
The reason for what I know
I was reading articles on the Hive blockchain and what I have learned is the price of BTC decreased by 1k in less than 15 minutes. Just the time to take a shower while you were thinking to take profit to buy maybe a Lambo. Now is not the case anymore, and you need to wait much longer for your project to materialize.
In the process, over 25 million futures has been liquidated. I don't know if this was planned, but the market has made a big move in the red. We cannot do anything and we need to wait for BTC to come back to 30K and beyond.
This move doesn't change anything to the fundamental of Bitcoin. Everything from yesterday is still the same!
Where the price might go next?
I am not a chartist or a person who tries to predict the future. But deep inside, I know the future of Bitcoin will be like an exceptional blossoming flower. Our digital gold will go down, up, and down with events around the world that have an effect on the price and psychology of people.
More and more investors want to be exposed to the crypto space. This has the effect of having less Bitcoin available on the market correlates with the price going upward.
You need to remove the emotions when you invest in a volatile asset like Bitcoin. The outcome of your success is to hold and believe that the BTC has real potential for the future. If you sell on the panic button, this is when you might regret it later on. Your mind can trick your to make a false move or bet! Pay attention to your emotions when you trade.
The short term of BTC
If you act in the short-term as an investor, you will never make it for your retirement journey or the purpose you invest. In my case, I am investing with the DCA philosophy in mind. Every week I purchase assets no matter the market condition.
It is proved the longer you wait, the more you will have a positive cash flow in your portfolio. So when you invest for your future, a short DIP of 1k does not make a big difference in your plan.
So if you expose to the beautiful BTC asset, you increase your chance of success if you are patient.
Conclusion
Bitcoin has a DIP of 1k in less than 15 minutes, but you don't need to panic. Nothing has changed in the fundamentals and I know the future for this asset is great.
Pure digital gold that nobody controls over a decentralized ecosystem is just too much cool.
Stay calm and keep going in the wonderful of crypto!
Have a wonderful day!
@Cryptosnowball
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PS: I am not a financial planner and always do your own research.