Quote from: LUCKMCFLY on Today at 03:36:03 PM

Quote from: Gorosden on January 27, 2022, 08:34:43 AM

Its not the time to buy yet because market will still crash soon, there will be little recoveries here and there but don't expect bull market again, corrections is what we will witness in 2022, I know many won't accept this point of mine but that's what will happen.

His perception of the market is interesting, however I have seen how the market is reacting and it seems to give a light of bullish hope, however I think it is somewhat doubtful to decide what its direction will be, I am doing my own analysis using the Wyckoff method in the long term it gives me that the market continues to be of a Bullish nature, in the medium term, that is to say weeks and days, my doubts begin as to how long this eventual correction will be, in the short term I have no idea because the volatility is at a very accelerated, really what I think is that it can go up but I'm not 100% sure.

We may never know what it will do in the short term, it could be x2 in a week, it could be 50% more down than it already did, we will never know. However, in the long run we know that it is doing fine and that is all that matters for us, right? I mean yes we do not know "how much" better it will do or when it will do better but we know that it will be better than current price sometime in the future.

Knowing that, knowing it will profit us, allows people to be more comfortable investing in bitcoin than most other things in life. If I could short fiat then I would probably do that (not against each other but alone) but that doesn't really exists, because inflation guarantees it will lose value, aside from that then bitcoin is the next best thing.