Do you believe that bitcoin is dying

Goldman Sachs's shelving of the planned opening of bitcoin and encrypted trading desks was entirely attributable to the crypto-market turmoil that began on September 5 and managed to stabilize on the 9th. Many crypto traders and enthusiasts are heartbroken, and these fake news can be used as facts. They feel that they have been betrayed. Some people pointed out that this is a lesson that Wall Street will bring cryptocurrency to the next market Bull Run. It is because of the above turmoil that many people claim that bitcoin coin is dead again.

It turns out that this is not the first death of the King of Encryption. Forbes magazine managed to inform us that there is a tracker that shows how many times bitcoin was declared dead by the media. As it turns out, the counter is 309 times, as shown in the screenshot below.

It's a bit funny when you think about it. After the smile, we realized that bitcoin would not go anywhere. Ethernet, XRP or any other digital asset has not fallen sharply in the past few days. In fact, if you are an experienced trader, the current market decline is a normal phenomenon of your standing.

The author of Forbes magazine continues to explain this situation because he is also an experienced veteran of the encryption market.

“There is a sense of urgency everywhere I see. bitcoin is dying, it’s time to find a new job. The warning is obvious. The bitcoin price has fallen by 70% since the peak of $20,000 last year, USA The Securities and Exchange Commission has rejected all of the bitcoin ETFs seen so far, and Goldman Sachs has postponed its betrayal of bitcoin transactions.

Many of us have been criticized for being too nostalgic because of the past bulls running, because the BTC touched the sky of $20,000. Yes, we want revenue to continue, but with every peak in any financial market, value will inevitably fall.

People only need to look at nature and observe how the waves travel. The key to encrypted trading is to become a market turbulent market turmoil. When he balances his board in a grand wave, it will scare away the life of any ordinary person. From now on, it may be prudent to call yourself an encrypted surfer!

Any bitcoin holder has been around since the mountains. The legend of Gox from 2013 to 2014, knowing that due to the hacking of the 2011 exchange, the encryption king has dropped to $0.01. From April 2013 to early 2014, the exchange was at the top of bitcoin trading as it was processing up to 70% of all online BTC transactions. But because of bitcoin news reports that the exchange's customers were delaying in withdrawing funds from the platform, all of this collapsed. Some people even have to wait a few weeks to complete the transaction. (Where did Ripple complete the transaction within 3 seconds?)

In short, the current market turmoil is no stranger to the bitcoin and encryption markets. People need to see how many times bitcoin has died so that you will accept it and die several times. With this knowledge, we can easily recover from each decline psychologically, rather than meditation to fully honor and forget Rambo.