Quote from: South Park on November 02, 2024, 09:25:15 PM

Quote from: FortuneFollower on November 01, 2024, 08:10:12 AM

I agree.
Now BTC just did what you said - went from $72k to $69k. Why exactly?
There are many reasons for it playing out, however, the corrections will still be in place on the path of breaking the ATH, in my opinion.

Many newbie traders do not really understand that the markets do not move linearly, they expect that once they buy an asset, this asset will keep going up indefinitely and this is an impossibility, markets move up and down all the time and most of the time you are not going to find a logical explanation about why this was the case, however if you instead take a more long term approach to the markets you will see that bitcoin despite those short term variations, it goes up in value after each 4 year cycle, and this is what makes it such an amazing investment.

From a complete cycle the investor can get profit with his capital but he has to run savings regularly which can be a bit unpredictable for many. An investor can diversify his business in the later periods of the cycle through long-term savings. By logically buying out of bounds between price rises, you can create a holding process such that the amount you regularly save by buying more in a downward price trend is likely to get a large holding before the cycle ends. To grow wealth you need to increase liquidity and continue to save for long term.