Bitcoin crash - $8K price fall

The cryptocurrency market is not like any other ''regular financial'' market. Crypto market has many examples of whispers and rumours of market manipulation for some coins (which market does not have?), but there are some rules, all markets have to follow.

When there are 5-6 consecutive green months and the price is constantly rising, then it is inevitable that a drop will come at some point. And the higher the price goes, the bigger the pullback will be. There will be blood on the streets, but the internet crypto specialists will still advise us: We are still on an uptrend. The trend is your friend. Buy low, sell high. Hodl with your diamond hands. The fundamentals are here, it is still too early to stop this crypto hype.

The reality is that bitcoin is still in an uptrend, but today, 18.04.2021, the price fell $8K (from $61K to $53K), while 14.04.2021 it reached an all time high at approximately $64890. This is the biggest one day drop for bitcoin's price since 23.02.2021, where price reached another low level after 5 days (28.02.2021).

Pullbacks on an uptrend indicate some healthy market signs, but there will be a pullback where a downtrend will start. No one can tell us, where exactly will be the peak of the price. Not even your favourite internet and Youtube crypto Gurus. Everyone wants to make some money. Everyone wishes that cryptocurrencies prices will go up and up forever and ever. But this is not realistic plan.

At the end for the day, it's about your money and your decisions to make. Take a deep breath, filter all the information you can find, and proceed. Buy, hold or sell. You will some, you lose some...Accept it and be OK with it. This is the market!