Quote from: mehmetosman89 on January 22, 2024, 06:40:46 PM

Quote from: Negotiation on January 22, 2024, 03:19:47 AM

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...

Now the Bitcoin price correction has been almost three percent if you look at it over a twenty-four hour period and this of course makes most people buy again because they really want to get Bitcoin at $40K. However, I personally don't know how far this price correction will go and when the next increase will occur in Bitcoin. Although I also still have a very big belief that the price increase in Bitcoin could happen again at the end of this month and the price level could be more different from the current one.

The correction that is going on in Bitcoin price was as a result of the massive selling of Bitcoin after spot Bitcoin ETFs were approved by United States SEC, so the sellers outnumbered investors hence the demand and supply of Bitcoin was lower thereby causing a dip in the price of Bitcoin but however, the dip also stands as an added advantage for investors to buy the dip and hodl and by so doing the demand and supply of bitcoin would be high thereby it's gonna awoken the price to skyrocket again.

Quote from: mehmetosman89 on January 22, 2024, 06:40:46 PM

The act of buying Bitcoin must be considered a quite serious action because there are risks that must be understood by everyone so that every thing must really be implemented with very special consideration before someone buys Bitcoin. I hope that this correction will not be too deep and will not be too long, because I really want to see $50K in the next month in Bitcoin and that is probably what other people really want too. Especially for those who have bought at $40K or during a correction like now.

The only problem is that we have a lot of short term investors that are actually waiting for the price to skyrocket so that they can sell their coins but however, even if the price skyrockets and the sellers surpasses the investors then their might actually be a dip again so as a good investor, this is a time to acquire more Bitcoin in your portfolio and hodl till after the bull market. This correction however is necessary in other to sustain Bitcoin price movement because if Bitcoin continues to rise then so many Bitcoiners would rush to sell off their coins thereby the demand and supply of Bitcoin will minimize. As a bitcoiner, hodling for a long term should be the goal rather than expecting a rise and sell off. If people continue to sell their coins, am afraid the price might even go dipper unless we hold our coins and even accumulate more.