Based on previous price corrections, Martin Young, analyst for crypto-currencies, outlines that the current Bitcoin price adjustments are no reason to panic. Such adjustments present opportunities for buying, and traders and investors worldwide are well aware of this fact. Notable in this context is his reference to the so-called “fear-and-greed-index“, that reflects the sentiment on the crypto-currency and Bitcoin markets. Market participants tend to become too greedy when the markets trend upwards, and then to sell when prices head the other way. Anticyclical action is, however, usually the most expedient course to pursue.
Bitcoin price adjustments are no cause for panic
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