Quote from: Febo on April 23, 2021, 05:25:14 PM

Quote from: btc-room101 on April 23, 2021, 01:24:41 AM

Now BTC is at $51k, its was up to $65k on some exchanges, $54k is -20%, so now we're at -25%
A sustained down of -20% is the legal definition of "Bear Market" get over it. Live with it. Sure HODL on or buy more, hell buy the falling knife, sell your house and car, and buy BTC on the way down,

In bitcoin a 25% drop is a legal definition of a correction. Corrections are super healthy. If they maybe damage your health that means you are over invested and you should sell a bit at any price.

And with that, we have seen -20% drop or even more in January and February.

So what makes this drop so special that people are shouting as if it is the end of the bull run?

It seems that this has been sensationalised as if he has the crystal ball to see the future. He just caused panic for most newbies here (and I think that is his intention). Nevertheless I'm not affected by the drop, on the contrary it will be the next big thing to happen again as we can buy cheap bitcoin again.