As you may have already seen - the price of bitcoin has dropped by over 15 thousand dollars. So imagine if you hold some in your wallet - you'd want to sell it early. Well, in my opinion, this is the strategy the whales are using - they are constantly lowering the price to push the current (sorry to say it - weak) holders to panic and sell what ever they own. The goal is to make people believe they have to sell now before it drops any further and then you'll see some magic - the price rises again.
They say whatever goes up must come down, but I saw that what ever went down again will go up again... I personally believe FUD is designed to force people to sell, but the price of bitcoins will definitely reach over $ 50,000 at the end of the year. It might even reach it long before the end of the year. I believe that since I mentioned several times in this post, those people who buy what sells at a low price will definitely want it to rise again - right?
Some things I do to avoid panic selling is to assume I've already lost that money and forget about it. Then I go and check it again in a month or two. To be able to do that, you need to have different portfolios - but not sure if everyone is comfortable with that. Please comment in the section below what you think will happen to the price of bitcoin in the coming months.
As always - I hope you become super rich and lead a happy life.