Quote from: beerlover on January 16, 2024, 05:25:51 AM

Quote from: NeuroticFish on January 15, 2024, 05:58:35 PM

Bitcoin has a very long history of very big volatility and everybody who gets scared by that has - sooner or later - very bad days if he goes for investing/holding (pretty much ending with a panic sale).
My advice is always look at the big picture and use your brain.

And about the question in your topic title, my take is: yes, but you may need some time, maybe even weeks or more, to see that happen. And yes, because halving is also near, this may become somewhat fuzzy.

That seems to be the case here as well. Most people are reacting like this is a big deal but in reality we have to just realize that this isn't as big as you think it is, and we should consider this as normal. I understand that we are not going to get to see anything that would be out of ordinary. Bitcoin price going super high and super low all within a week is something we need to get used to, it is not really a new thing, it is not that complicated, we should be considering that normal.

Some people are still not used to it, some because they are newbies, some because they are not emotionally controlled people and they all end up having some sort of different reactions to it. I believe that we should be clam when this happens.

The fact that the price is dropping in an understandable manner, to a point where it just gets a correction back to what it was, is the reason why we should not be worried about it. If the price dropped anything below what we have seen so far this year, like a new yearly low, then maybe we will consider it, and that has to be under 40k, so the moment you see 39999 price then maybe you could worry, I wouldn't worry even then, I would just consider that a good buying price, but not everyone has to be like me.

However, if we are certain that we are going to get a good result, then these type of small corrections should not put us out of our way. I know that we are going to end up with a much better statement if we could probably do that.