Ofcourse everybody gets a little anxious with this correction. But let's be honest, we needed a correction in this bullish market in the past two weeks.
Why is it time to buy?
- The weak hands are out and many 'stop-limit' orders have been triggered.
- The earlier corrections also were about 30 to 50% without any big news. Perhaps you remember the 5k was reached and it dropped back to 3k? And last month almost 8k was reached and it pulled back to around 5k?
- I'm pretty sure that the 10k barrier wouldn't be broken.
So if you can get your hands on some btc between 10-11k, I suggest you do it.
It's nice to see a newbie who actually gets it.
Yesterday was indeed an excellent time to buy. It was our deepest dip of the year, barely surpassing the excellent buying opportunities in May and September.
It was a great time to take profits in Bitcoin by selling fiat while it was peaking.