Quote from: kryptqnick on April 21, 2021, 03:27:04 PM

Quote from: paxmao on April 20, 2021, 11:03:59 AM

A few people may be wondering about the step drop of bitcoin price these last days. It is quite usual for it to move up and down, although lately it seems that movements are faster than usual.

Just take a wider look to understand:

NASDAQ 100, last month + 8%, last year +60%
S&P 500, last month +6.4%, last year +47%
Bitcoin, last month -4%, last year +639%

Since the start of the COVID (in practice) to now, most indexed have exceeded their average returns, not to mention bitcoin. A movement such as this is a consequence and it may still be followed by more falls without meaning anything other than a profit taking and some caution around the ATHs.

If what you're saying is that Bitcoin is still very profitable and the price is very high even after the recent correction, I fully agree with you. If considered an asset, Bitcoin is clearly the best performing one. If you're implying that Bitcoin's price decreased because people invested more into NASDAQ or S&P (hence they are experiencing positive growth, I think it's just a coincidence. I also think that it's not right to start the timing from the start of COVID because at the beginning of the pandemic BTC price dropped very low. It started growing significantly at the end of 2020 and continues to do so, but I don't think the pandemic has much to do with it.

More or less. What I am saying is that even if it is a steep drop, and may not be the last, the value of bitcoin is still quite strong and the fall may be linked to a profit taking. Many large investors are less bullish about next year than about last.

My personal take is that I am not selling even if the correction is stepper than this, since my plan is hodl for years the better part of my crypto. I do not use leverage nor run unnecessary risks, so I can keep on with my original strategy even if big drops happen.