Quote from: Morningstarr on Today at 10:40:38 AM

Quote from: JayJuanGee on Today at 08:03:59 AM

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You are right if BTC comes back down from mid 40000$ or 50000$ it won't be that bad because it is human psychology and almost everyone will have this in mind it is a small correction.

I would not be characterizing any kind of correction down from $40k or $50k as a "small correction," even though relatively speaking, the crash might not be able to get down to the break below the current $17,593, but we are not going to necessarily know that while we are in the process of going through the correction, and furthermore, I am suggesting that the likely ongoing moving up of the 200-week moving average from its current $23k position to something possibly in the $25k to $26k or even higher position, may well make difficulties both getting back down to the 200-week moving average, going below the 200-week moving average and even being able to go something like 25% or greater below the 200-week moving average.. and yeah, we have already seen that the 200-week moving average is not exactly an impervious support level, and we have already seen that it can be broken and even go something like 25% below .. and surely it is possible that the BTC price could correct even further below the 200-week moving average, but surely it is not an easy thing to accomplish - even if the fucktwat status quo players feel that they have infinite amounts of cash to try to play these kinds of manipulation games with the BTC price... and surely some of the gamblers (and scammers within BTC such as the 3AC, Celsius, Voyager and even coinbase/blackrock types.. or even the Tesla paper hand types) are not beyond bringing their own downward pressures upon BTC in order to attempt to shake as many coins as they can from HODLers.. and not even saying that the ones who cause (or contribute to) any potential BTC price fall (small or not) would be the beneficiaries of such downfall that they might end up contributing to.

Quote from: Morningstarr on Today at 10:40:38 AM

While the reality is that one important piece of news can change the entire direction of the market, whether we agree with it or not.

Well, usually negative news is better if it is coupled by bearwhales taking advantage towards dumping coins with a hope that others are going to follow - which may or may not end up happening...sometimes it works, and sometimes it does not.

Quote from: Morningstarr on Today at 10:40:38 AM

In the last few days, the news about the recession has been active, A slight rally in prices on news of oil supply cuts, And the Fed's intention to raise interest rates by 0.50% in September is not good news for BTC.

Yeah of course, macrofactors can cause liquidity issues that cause bitcoin to dump harder and faster than other assets, yet at the same time, bitcoin does not always act in the ways that are expected and that is why you can look through bitcoin's price performance history and you can identify various points in which bitcoin made certain kinds of bounces UPpity that cause it to really NOT be correlated with various macrofactors, even though in very large portions of its history it continues to be correlated with various macrofactors... so in essence, I am not denying anything that you say, but at the same time, we have to realize and recognize that bitcoin is a new asset class that cannot be safely pigeon-holed even though so many folks who fail/refuse to HODL their bitcoin get screwed by their historical failures/refusals to recognize and appreciate such reality about bitcoin as an asset class that is NOT correlated to any other asset class, even though it has a decent amount of its history that it "feels like it is" correlated.. blah blah blah... good luck with that.