That is what I have been waiting for. I have sold some of my BTC for $17.000 hoping that there will be a correction and I was right! The only question is that how big will be the decrease in Bitcoin value? I don't want to risk my investment so I'll probably buy BTC soon. As far as I remember, last correction was in the middle of September and it lasted about 2 weeks. It would great to see something like this once again, I would have enough time to organize funds.
no way dude and please dont. ive been always praying that this scenario wont happen anymore because more poor souls ( including me ) will become starved once again. ive been always wanted for bitcoin is to increase and pump even more so that i could earn much more profit from the bitcoin that i recieved weekly. traders and small investors are only going to get a benefit when bitcoins drop hard.
Maybe people think that this is a healthy correction that almost routinely occurs within 1 month on bitcoin. However, what I see is an unnatural decline, after an unnatural rise as well. Maybe this can also be called a bubble. And the possibility of bitcoin can fall back to about $ 10k is possible. Almost on every exchange is dominated by red or sell wall compared to buy wall. That means, almost the average everyone is selling their bitcoin.
As now price of bitcoin is almost 20k and it does happen that price sometimes get high and sometimes it gets down but it does not mean bitcoin is not a currency and it is just a bubble if bitcoin price is low and you know it will grow then you should go with buying more bitcoin and trusting bitcoin more. Rising and falling of bitcoin price is quit natural so it does not matter you can stick with bitcoin and wait for the high price when you find bitcoin price low.