Post
Topic
Board Speculation
Re: Correction from $30K: Reason to worry?
by
South Park
on 19/04/2023, 22:38:14 UTC
I would be even happier if bitcoin could correct sharply and drop below $20k again. Every time bitcoin gets dumped, I buy more, so I'm most looking forward to a correction during the bear season. I'm focusing on accumulating bitcoin and only selling when it hits $150k, so I'm happier to see bitcoin drop than to see bitcoin go up so fast.
Probably not happening again, the recovery we have being experimenting during the last two months was significantly faster than I thought, this tells me the market is stronger than anticipated as the economic signs are not necessarily the best, and smart investors decided to buy bitcoin earlier than expected due to those worries, and unfortunately for you this means that if we are to watch another drop happening at worst we could get to 25k and not one cent lower than that.