Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ultrloa
on 22/01/2024, 07:20:09 UTC
That is called consolidation, and sure maybe you might "feel" that we are going sideways for 1-2 weeks, but what is the basis for your feelings merely beyond just feeling such?  There is a lot that could happen in a short time, especially if there is a lot of money being juggled around in the bitcoin space, and sure maybe it will just neutralize itself, but who knows.  There is still potential for explosive moves or even gradual moves up or down, and none of that would be considered to be a 1-2 week consolidation as you are proclaiming to currently "feel."  

So what are you personally doing to prepare?  Are you already prepared for any possible direction?  Or you are ONLY prepared for sideways in the coming week or two?

The problems with Bitcoin are that even if we want to, we can't make any accurate predictions, I'm not 100% sure that Bitcoin won't go down further to correct. However, looking at all the past behavior, it can be seen that Bitcoin is most likely to go to the upside. Yes, when a lot of money will be invested together at any moment in the market, one must be prepared for any new situation.

I agree with you that, it can go into more serious actions than time(I don't know how much correction %). uptrend is continuing...

Actually that's not a problem but rather a question to be solve since if people just have good thought's and willing to learn a lot of things from its movement from day by day basis for sure they might get an idea on what will be the possible movement next to happen especially if they have tools/charts that they are reading or they are following certain events happening. We are not sure about if it will go down at current price but what's important there is we are prepare for something possibilities like that to happen and ready to accumulate since that is the best part especially if you are doing some strategy that has been mentioned for so many times in this thread.

But for sure after this correction happen we can see those good pump since halving hype still alive.