Despite the increase in the price of Bitcoin, the price of other altcoins does not seem to be increasing. Rather, the price of a handful of coins increased, but the price of other points did not increase in comparison, while the price of Bitcoin exceeded millions of dollars. It can be seen that the prices of other coins do not increase at the same rate as Bitcoin, but during the downturn, the prices of the coins decrease much more than Bitcoin. Especially since the last few days we can see that the Bitcoin dominance has grown quite well and because of that the prices of the unique coins seem to be going to the bottom. It appears that our portfolio has been reduced by fifty percent due to a slight increase in Bitcoin dominance. Desperation is now in our eyes. It is as if despair and uncertainty are overwhelming us from all sides.
In the current situation, many people think that there is nothing to say about Bulran and they are completely fake. Especially those who are new traders have this mentality. They feel that there is nothing to say about Bullran and the market may go much further down. So many people are selling their coins in fear of this market situation and are suffering. Although this is not the view of all but it can be seen that a section will be out of the market just because of this fear. And this is what the big whales want so that a part is driven out of the market or they buy a few at a higher price later when the price of the coins increases a lot. That is, such a situation is created in the market so that a part of it comes out with a loss. This is the main objective and it appears that this is what happens in practice.
I am sharing something with you. For example Microstrategy has bought 5,262 new BITCOIN at present. If we think about it, even though the price of Bitcoin is very high at present, he is continuously buying Bitcoins, as he did after the last Bitcoin Halving. Whereas we are getting out of the market out of fear and this company is continuously buying bitcoins. Now a question for you, Microstrategy is currently buying the amount of bitcoins at such a high price, do you think they are buying so many bitcoins to sell at a loss? Of course not. That means the price of Bitcoin will definitely go up in the long term and it is 100% confirmed.
Moreover, if you carefully analyze the candles of the past period, you will see that the market always went down during this phase and because of that the price of the unique coins dropped a lot. But we are going to see the first quantum time good next year for which we have been waiting for a long time. So without losing patience in this situation, your task now is not to sell coins at a loss no matter what happens in the market. Be patient for a few more days. Hope you can get out with a very good profit. But you must remember that regardless of the situation in the market, if you are a spot trader, sit back and wait for a few months. You will see that Bulran has started very soon.
Upvoted! Thank you for supporting witness @jswit.
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Its not a trap instead it's an opportunity that we all need to grab and make money
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