Quote from: revilo on June 24, 2021, 10:33:07 PM

Quote from: batang_bitcoin on June 24, 2021, 07:12:02 PM

Quote from: revilo on June 19, 2021, 10:38:09 PM

Quote from: batang_bitcoin on June 19, 2021, 10:36:47 PM

Haven't we've seen bitcoin goes down trend for so many times and it hasn't recovered yet that we've been to the ATH. I think it's a good choice that you're looking to bitcoin if it's starting to go down because you'll have the opportunity to have it while it's going down and its price is cheap.
Whether you like it or not, if we see bitcoin goes down, it shall return and recover later on and that's why don't be scared if you happen to see bitcoin corrects again.

What do you define as a trend? A short time span of a week or a month? I think Bitcoin is still incredibly well on track to grow further. What we've seen this year so far was remarkable.

A week shall be enough for a trend but it can take effect until a month. You're right about bitcoin, it's always been like that. You see it pump and then you'll see it dump.
But whenever it's going to dump very hard, you're going to see it recover soon. That's how bitcoin resiliency is, as we're all knowing how it recovers quickly once it corrects.

It depends on the trend you want to look at. Your sentence doesn't make sense. If I want a short-term trend I look at shorter time intervals. If I want the long-term trend I look at longer time intervals. The long-term trend of Bitcoin is clearly positive, we came from around $8000 and went up to $65000, now we are at $35000. Overall a positive trend, but if we look at the short-term trend one could argue we lost almost 50% while the long-term trend guy might say we gained over 300%. Question of what you want to look at eventually.

And I'm long on bitcoin and the correction that just happened didn't made me panic. Although in the short term, you're right that it's a lot but I don't look at that percentage but instead making me feel better to see that it's got a better price since last year despite a huge correction, 50%, did really happened. So yeah, if you're into the long term, you're all positive and don't have to take all the trends as negative but your positioning is important as you look at the market.