Bitcoin retreats at $4,400? Should investors push the panic button or not!

Yes. You read it right. The bitcoin retreats after reaching $4,400. At time, price at $4,110.9 down 0.68% (source : investing.com). Even $3950 at a time. Well..well..well, what do you know, retraced gains on Tuesday after surging above the $4,400 level for the 1st time in its 9 years history. Bitcoin has more than quadrupled in value so far this year and has gained around 42% in August with total market cap of $67 million. The question will be " what has happened?". Is it just a normal pull back or really starts to down trend.

Earlier on, founder of Standpoint's research, Ronnie Moas raises bitcoin forecast to $7,500 after reassess the uptrend speed of bitcoin on CNBC.Com phone interviewed. This sparkle the bitcoin market with more glitter rising hope promising greater gains. Even Goldman Sachs said that Bitcoin something to look at. People should be happy right? Not entirely true. There are some that worried on the abnormal rising speed of the bitcoin. Bitcoin chart clearly showed drastic uptrend movement which contradict to the normal norm seen on fiat shares market. Such abnormal behavior resulting people tend to question the truthfulness or the reality of the trend. Is the trend will be pull back and up, pull back and up again or vise versa.

Even Goldman Sachs predicted bitcoin may rise about $500 more once reaching $4,827 before losing half of the value. Critics also compared Bitcoin with 17th-century Dutch Tulipmania which at one point, tulip prices increased twenty-fold in a single month than crash. Warning after warning of the crypto bubble will burst in near future, critics warned. What these bring us? to crypto investors? to people believe in cryptos? Firstly, doubtful, fear and stress in thinking of what if all these sentiments are real. The bubble this time will be a big burst. Loss unavoidable. Those with calculated risk mindset starts to back from the market and sitting at sideline again, watching what will happen before the next move. Chain reaction will again started. Price will starts to drop further. Cut loss the name of the game appears again in our mind. Better sell than sorry. You and me? normal user start to follow suits. Chaos...

This article not to scared you! Just a reminder of how the real crypto world goes. "Every things goes up must come down". Simple investment rules. How far down? time will tell. This article to remind you always to be alert and rationale. There always a limit on trust we put in. Yes, agreeable that we almost or at the fifth waves of bitcoin movement promising unbelievable bitcoin price that make us instant millionaire. Just precaution we are not at the bottom of it. Trapped in the losses pits will not do you any good. Speaking of good, no matter what critics says, bitcoin will always be vibrant and exciting. God permits, it will not collapse,burn to the ground when fiat currencies like you and me knows, still stings and still non transparent characteristics exist. Theoretically, people will always tend to find other alternative like crypto. In future might not be Bitcoin anymore or might be improve version of bitcoin or may be other crypto currencies will. Oh yes, lastly, don't put your eggs all in one basket...... better save than sorry.

Should you push the panic button? May be not at the moment.... Decision is yours. BYE

Note: This entirely my opinion and not any form of investment advice.