Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
serveria.com
on 18/11/2021, 19:07:19 UTC
⭐ Merited by JayJuanGee (1)
By the way, we are having some ongoing downity as I type this post (which makes it more difficult for me to lock-in what price we are at exactly as I type), so currently we have gotten down to $56,814- which is about a 17.5% correction.. so it is not an insignificant level of correction (and does not really seem to be over, yet), even though we know that more extreme corrections that even go into the supra 30% levels have commonly happened in the past while we had then been in the upwards phase of bitcoin's price movement.. just my long-winded way of asserting that I am not worried yet

Exactly, it's actually a good sign. King daddy just proved it's capable of making some old good 20+% up and down moves. If we can go down ~20% then nothing can stop us going at least 20% up (hopefully much more). So "we're too mature for big moves" is NOT true.  Cool