Did you lose a lot today? Read this...
There are many different things happening in the markets, but when there are big, fast, clear moves... they’re always in a specific direction... today, it happened to be down. That means those who were long lost... but this is a market for exchanging assets; that means for there to be a sale, there has to be another counterparty buying, and vice versa. In this case, sellers were more aggressive, and that’s why the market fell... but what some people lost, others gained. And I’ll take this opportunity to explain a few concepts most people get wrong: "Money flowed into the market"... friends, money doesn’t "flow into the market"; there isn’t a box or warehouse where dollars are stored... if you bring dollars and want Bitcoin... someone has to sell you those Bitcoins. It’s an exchange, and the price is determined by how many dollars people are willing to trade for one Bitcoin, or more, or fractions of one... Another concept people get wrong when the market falls is "5 billion dollars vanished".... no, friends, they didn’t vanish, and nobody stole them or anything... it was just an exchange between parties; what you don’t have, others do... and part of it goes to fees for the exchange. Maybe you should study a little more about what a market is and how there are always two sides: when there’s a purchase, there also has to be a seller, and when there’s a sale, a buyer... and trading pairs are also made up of two assets. For Bitcoin to be worth 80 thousand dollars, the dollar has to be part of the transaction... that means when the price rises (for example), Bitcoin may be getting stronger or the USD may be getting weaker... but anyway, as I was saying hahaha, if things went badly for you today, it was just bad luck; don’t blame yourself... what you lost and are sad about, someone else gained and is happy about... next time it’ll be your turn... best wishes, friends
There are many different things happening in the markets, but when there are big, fast, clear moves... they’re always in a specific direction... today, it happened to be down. That means those who were long lost... but this is a market for exchanging assets; that means for there to be a sale, there has to be another counterparty buying, and vice versa. In this case, sellers were more aggressive, and that’s why the market fell... but what some people lost, others gained. And I’ll take this opportunity to explain a few concepts most people get wrong: "Money flowed into the market"... friends, money doesn’t "flow into the market"; there isn’t a box or warehouse where dollars are stored... if you bring dollars and want Bitcoin... someone has to sell you those Bitcoins. It’s an exchange, and the price is determined by how many dollars people are willing to trade for one Bitcoin, or more, or fractions of one... Another concept people get wrong when the market falls is "5 billion dollars vanished".... no, friends, they didn’t vanish, and nobody stole them or anything... it was just an exchange between parties; what you don’t have, others do... and part of it goes to fees for the exchange. Maybe you should study a little more about what a market is and how there are always two sides: when there’s a purchase, there also has to be a seller, and when there’s a sale, a buyer... and trading pairs are also made up of two assets. For Bitcoin to be worth 80 thousand dollars, the dollar has to be part of the transaction... that means when the price rises (for example), Bitcoin may be getting stronger or the USD may be getting weaker... but anyway, as I was saying hahaha, if things went badly for you today, it was just bad luck; don’t blame yourself... what you lost and are sad about, someone else gained and is happy about... next time it’ll be your turn... best wishes, friends