Quote from: Finestream on December 03, 2021, 10:36:26 AM

Quote from: StreakW on December 03, 2021, 03:37:38 AM

In my opinion, although there is a deep correction in the current bitcoin price, fundamentally Bitcoin has not yet entered a bearish phase. Moreover, in recent weeks bitcoin market cap has not experienced a significant slump. The current selling action that makes the price of bitcoin plummet because it is dominated by new investors, not old investors. However, if you look at the on-chain structure, it seems that bitcoin price recovery is unlikely to happen quickly and will take the next few months.

So does it mean that this current price correction will be more extended? Actually, no one knows exactly how far this correction can go. What we have are just speculations since we are only basing mostly from its history, and anything could happen either based on our own speculation or the opposite way. But let’s not make this a barrier that we can’t make profits this time. Of course, we can still take advantage from the current correction by buying bitcoin and solid altcoins in their low prices. This may be risky as it is as the price could still go lower but as long as our intention is to hold them for long, then price corrections do not matter at all.

Of course no one knows accurately how far this correction will end. if you buy at a low price at this time of course will provide its own profit for you. However, you also have to use logic to think, don't use your hunches or feelings. Analyze price movements using technical fundamentals and don't eat FUD news that shakes your decision to make a profit.