Does BTC behave like a shit coin sometimes?

[Fidelia]

Over the week, we saw Bitcoin crash from $70k to $48 in just eight days. So many people were in tears. That slump started from July 29th.

It is only shit coins that exhibit this kind of characteristic? Does it mean that BTC behaves like a shit coin sometimes?

 

[riberet19]

That's the crypto market and its volatility, whoever is not prepared should not invest, if they are in tears they should dedicate themselves to something else, it is easy, the market is not for everyone.

 

[King Belieal]

That's the crypto market and its volatility, whoever is not prepared should not invest, if they are in tears they should dedicate themselves to something else, it is easy, the market is not for everyone.

I get. The crypto market is very volatile. But most people just invested in bitcoin with the notion that it is sure. They were not schooled on patience with the crypto market.

 

[Suba]

Of course, Bitcoin does not have the characteristics of a shitcoin, Bitcoin has a very large market cap, while shitcoins have a low market cap and a high circulating supply. The price of Bitcoin is determined by the attraction between buyers and sellers. If there are many sellers in the market, the price of Btc goes down and vice versa.