Quote from: OgNasty on March 15, 2024, 03:12:17 PM

Quote from: bitserve on March 15, 2024, 03:07:17 PM

Believe it or not, this kind of "more solid dump" is good for the price in the long (in this cycle) term. As much fun as a continuous ATH is, the reality is that price overheating "too much too fast" usually ends bad.

This is -perfectly- FINE.

Yes. This is the market’s way of making sure that nobody gets a free ride. Too many people see the price going up and dump in some money with ridiculous leverage trying to become overnight millionaires. That isn’t fair for the rest of us who have stacked for years, so the market wipes out all leverage any chance it gets. This is just so longtime Bitcoiners don’t have their lunch eaten by fly by night gamblers posing as investors.

I think your opinion is very commendable because some people always want to follow shortcut to ascertain certain leverages without observing the actual procedures and prerequisite. Bitcoin investment is a longtime investment that require commitment and dedication to grow. It's not for some opportunist that are just looking for chance to hit their target and stay aside while others have making reasonable effort to grow their investment.