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Will Bitcoin take off and surprise everyone?

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@cristina-zac
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We are all eagerly waiting for what could happen next to Bitcoin. With the world busy with the Olympic Games, traders keep staying up on Coinmarketcap without paying attention to shooting, weightlifting or long distance running.

All they want is for Bitcoin to go forward and then the currencies to follow in a competition that will be the most interesting for us, but patience is beautiful, as everyone says, we must wait and not panic terribly when there is any change in the market, for one reason not because I am a great analyst and I tell you that the price It will go up so keep your coins.

But because they want you as well, whether market makers or big whales who manipulate the market greatly, and the best example is when Bitcoin fell a few days ago to 28 thousand dollars and everyone started panicking until I saw most of the posts on social media sites. They waited for Bitcoin at 12 thousand and 10 thousand and frightening numbers for some Everyone rushed to sell actually, even if at a loss, but to avoid a greater loss, and I tell you to wait, then wait.

The price quickly returned above 30 thousand, then it currently reached 32 thousand dollars, with a daily increase of about 2%.

So what caused that sudden drop?

First, the main reason, in my opinion, is the liquidation of future traders, perhaps by large platforms or some whales, so I am not a supporter of trading the future, especially in a fast-volatile market such as Bitcoin, as it will result in a big loss and possibly liquidate your portfolio.

The other reason is that some may think that the price of the bitcoin is 30 thousand or this is the value of the bitcoin, so there is an increase that is offset by large selling operations, and any drop below this level is offset by purchases that push the price down.

In the end, we are the long-sighted. We don't care about all of that. In the long run, everything will be fine, and we will be witness to new technology and new means of payment sweeping the world.

And you, what do you think ?

Thank You