Don't fall into FOMO, see the high price of Bitcoin!

The price of Bitcoin is not stopping. But the last year was an exception when the price of Bitcoin fell so much that there was fear in everyone's mind that the price of Bitcoin could fall even more and when the price of Bitcoin would go up. But currently the price of Bitcoin is constantly making history and every so often Bitcoin makes new all-time highs. Although the price of Bitcoin has increased, the price of other coins has not increased in comparison, but when the price of Bitcoin was between 25 and 30 thousand dollars, the price of the coins has increased as much as it is lower than it is now. While the price of Bitcoin is constantly increasing, but the price of Altcoins is not constantly increasing but decreasing.

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Bitcoin's price has recently made a new all-time high near $100,000. But with this price increase, the prices of other coins that are available have not increased in comparison. Rather, it can be seen that when the price of Bitcoin drops by several thousand dollars, the price of altcoins drops by a large amount. Moreover, when the price of Bitcoin starts to increase, it is often seen that the prices of other coins start to decrease. In particular, it is seen that along with Bitcoin, the dominance of Bitcoin pumps huge amounts due to which the prices of altcoins fall. So in this situation, seeing the increase in the price of Bitcoin, taking an anti in the market or new coins is a lot of fear of missing out and stepping into the trap of FOMO. You must be very careful to trade in this condition otherwise your money may go down a lot in a short span of time.

For example, the price of Bitcoin has recently hit an all-time high of around $100,000, but has now fallen slightly. Consider that in this position, despite the price of Bitcoin, the price of other coins has fallen by a lot, and when the price of Bitcoin rises, it is seen that the price of other coins goes down. Especially since Bitcoin Dominance is pumped more, the price of the opposite altcoins goes down so trading in this situation is very risky especially like fear of missing out. Now consider carefully what will happen to the altcoins if Bitcoin corrects from this position and Bitcoin moves closer to $85-90k. So I think it is very dangerous to enter the market in this situation.

If we look then it can be seen that since the 5th of this month especially after the US election when Donald Trump was elected the US president for the second time, the price of Bitcoin has been increasing. But in the last two weeks, the price of Bitcoin has reached close to 100,000 dollars, starting from 65,000 dollars. So may take a minor correction from here. But another thing is that if Bitcoin goes according to last 2020 pattern then Bitcoin and price can go much higher from current position and take correction from there. So you must be careful in these positions if you don't want big losses. Although this is just my opinion but of course you can trade with good judgment. Maybe we'll see a small collection in a little while and that could be our last chance to buy coins. So I think it is very important to have free stablecoins in hand in this situation.