04-08-2022, 01:23 AM
Oh no! We haven’t seen these prices since…. two weeks ago. A friendly reminder t
<!-- SC_OFF --><div class="md"><p>I know, I know. We all like to check the charts every 5 minutes. Some people yell “BULL MARKET ??” with every +5%, while others (or sometimes even the same people) yell “OMG BEAR MARKET IS THIS THE END??” with every -2%.</p> <p>Bitcoin is $43,400 at the time of writing. We haven’t seen this price since 2 weeks ago. If you’re in for the long term, a small pullback should not matter.</p> <p><strong>Why is crypto volatile?</strong></p> <p>Like most commodities, assets, investments, or other products, crypto's price depends heavily on supply and demand.</p> <p>As an asset adopted quickly by investors and traders, speculation about price movements plays a critical part in crypto's value at any given moment.</p> <p>Media outlets, influencers, opinionated industry moguls, and well-known cryptocurrency fans create investor concerns, leading to price fluctuations.</p> <p>And unfortunately, the crypto market tends to follow the (traditional) stock market. If you look at the S&P index for example, you can see it had some pullback as well.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/pepperonimilkjuice5"> /u/pepperonimilkjuice5 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ty6zae/oh_no_we_havent_seen_these_prices_since_two_weeks/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ty6zae/oh_no_we_havent_seen_these_prices_since_two_weeks/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I know, I know. We all like to check the charts every 5 minutes. Some people yell “BULL MARKET ??” with every +5%, while others (or sometimes even the same people) yell “OMG BEAR MARKET IS THIS THE END??” with every -2%.</p> <p>Bitcoin is $43,400 at the time of writing. We haven’t seen this price since 2 weeks ago. If you’re in for the long term, a small pullback should not matter.</p> <p><strong>Why is crypto volatile?</strong></p> <p>Like most commodities, assets, investments, or other products, crypto's price depends heavily on supply and demand.</p> <p>As an asset adopted quickly by investors and traders, speculation about price movements plays a critical part in crypto's value at any given moment.</p> <p>Media outlets, influencers, opinionated industry moguls, and well-known cryptocurrency fans create investor concerns, leading to price fluctuations.</p> <p>And unfortunately, the crypto market tends to follow the (traditional) stock market. If you look at the S&P index for example, you can see it had some pullback as well.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/pepperonimilkjuice5"> /u/pepperonimilkjuice5 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ty6zae/oh_no_we_havent_seen_these_prices_since_two_weeks/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ty6zae/oh_no_we_havent_seen_these_prices_since_two_weeks/">[comments]</a></span>Kind Regards R