Guys I sold out and sold my soul, not sure if I should buy back in now or wait for some consolidation ? Any advice would be appreciated. Is there even going to be correction ?
The current price bubble will definitely burst, it always has after such sudden rise in price. But the overall bitcoin bubble, I don't think it's anywhere close to bursting. You really did make a big mistake selling, right now you should wait few weeks before this current bubble bursts If you see the price going anywhere near $1200-1300 make your move and buy back. But keep in mind there is a tiny chance that this bubble doesn't burst at all and BTC reaches another ATH.
Definitely price bubble always burst but with bitcoin, the question is when, i still think the bubble wont burst yet, it will ballooned even larger because there is incoming large player tothe scene. and india is looking good in recognizing Bitcoin so is China as money or mode of payment. So definitely there is still a huge room for the bubble to grow before bursting.