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Author Topic: Bitcoin bull market correction drawdowns  (Read 3745 times)

Offline dekafee79

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Re: Bitcoin bull market correction drawdowns
« Reply #75 on: April 13, 2024, 08:29:35 PM »
Currently we should choose to wait for the halving, because it seems the market is not yet good for trading. I just wait and analyze several coins to buy when a deeper correction occurs.
There will always be panic, but be calm and patient in looking at current market conditions. As you said we are in the discovery phase, it's best to wait and see which way the market will move, but it will probably be a dump
Price will not blast off shortly after the halving. I don't expect such blast off to happen soon.

The market is very panic now and things will become much more negative if Bitcoin can not hold its $60,000 in coming days. It's expected test (in my opinion) around the halving, as previous market cycles show me a fact that market usually have a massive clean up (or massacre, you can say so too) around the halving. Time for it can be either before or after a halving, but the purpose behind it is to clean up the market.

It's good preparation for a massive bull run after all.
You are right, the price will not immediately jump after the halving because there will be several corrections before bitcoin reaches its highest price when bullish. Many people predict bullishness will occur a year after the Bitcoin halving, so it will happen next year that Bitcoin will touch the top ATH.

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Re: Bitcoin bull market correction drawdowns
« Reply #75 on: April 13, 2024, 08:29:35 PM »

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Re: Bitcoin bull market correction drawdowns
« Reply #76 on: April 16, 2024, 11:31:31 AM »
If you look at the market and news daily, you will see so chaotic information, good and bad.
If you look at it yearly, you will see almost positive news and solid growth of this market with time. It's big difference when we zoom out and see a wide picture.
I understand, but don't forget the manipulators. It is they (by short-term actions) who can lead you off the right path - endings, loss of deposit + leaving the market. Whoever, whatever their experience. In any case, it pays to be always in the market + monitor many indicators. It is important.

P.S. In all of this, we should not forget that each of us makes our own decisions. Without shifting responsibility to others. The main point that also should not be forgotten as far as I'm concerned.  8)
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Offline bitterguy28

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Re: Bitcoin bull market correction drawdowns
« Reply #77 on: April 16, 2024, 03:06:57 PM »
If you look at the market and news daily, you will see so chaotic information, good and bad.
If you look at it yearly, you will see almost positive news and solid growth of this market with time. It's big difference when we zoom out and see a wide picture.
I understand, but don't forget the manipulators. It is they (by short-term actions) who can lead you off the right path - endings, loss of deposit + leaving the market. Whoever, whatever their experience. In any case, it pays to be always in the market + monitor many indicators. It is important.

P.S. In all of this, we should not forget that each of us makes our own decisions. Without shifting responsibility to others. The main point that also should not be forgotten as far as I'm concerned.  8)
itis our money so we must be the one that  decide in what we must be dealing , no one will suffer from our losses but only us, so try to be more specific and safer before investing our precious money.
but if this is for bitcoin> then deal even without caution because this is the safest of them all.

Offline JoyMarsha

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Re: Bitcoin bull market correction drawdowns
« Reply #78 on: April 16, 2024, 10:57:39 PM »
Currently we should choose to wait for the halving, because it seems the market is not yet good for trading. I just wait and analyze several coins to buy when a deeper correction occurs.
There will always be panic, but be calm and patient in looking at current market conditions. As you said we are in the discovery phase, it's best to wait and see which way the market will move, but it will probably be a dump
The good thing is that after the dump, it provides an opportunity to dive into the crypto market to buy Bitcoin at a discount price and for Bitcoin to increase in price more than it has before. However, no need for one to be panic about the correctional price because whether good or bad, just a matter of time, we are going to see an ATH that will far above the $73k that we have seen this year

Offline tranthidung

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Re: Bitcoin bull market correction drawdowns
« Reply #79 on: April 17, 2024, 04:44:19 PM »
I understand, but don't forget the manipulators. It is they (by short-term actions) who can lead you off the right path - endings, loss of deposit + leaving the market. Whoever, whatever their experience. In any case, it pays to be always in the market + monitor many indicators. It is important.

P.S. In all of this, we should not forget that each of us makes our own decisions. Without shifting responsibility to others. The main point that also should not be forgotten as far as I'm concerned.  8)
The market is opened for everyone to join and exit and the party needs both buyers and sellers, winners and losers because you can not have a party if nobody in the market are buying. Winners must get money, profit from losers and it's how market work.

Think of it that if whales want to take profit, they must to take it from other people and probably include you. You will play as a loser or join whales to become winner in the market, it's your decision.

The good thing is that after the dump, it provides an opportunity to dive into the crypto market to buy Bitcoin at a discount price and for Bitcoin to increase in price more than it has before.
People can hope to have cheaper price to buy and they can wait for a while but when market has a dip, they will feel panic and reject good opportunities to buy.

Newbies in this market will have to experience in the market with a long time, with many missing opportunities, wrong decisions, before they are experienced enough to make investment plans and be strong in dips, to buy cheap bitcoins.
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Offline doc

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Re: Bitcoin bull market correction drawdowns
« Reply #80 on: April 17, 2024, 04:55:27 PM »
If you look at the market and news daily, you will see so chaotic information, good and bad.
If you look at it yearly, you will see almost positive news and solid growth of this market with time. It's big difference when we zoom out and see a wide picture.
I understand, but don't forget the manipulators. It is they (by short-term actions) who can lead you off the right path - endings, loss of deposit + leaving the market. Whoever, whatever their experience. In any case, it pays to be always in the market + monitor many indicators. It is important.

P.S. In all of this, we should not forget that each of us makes our own decisions. Without shifting responsibility to others. The main point that also should not be forgotten as far as I'm concerned.  8)
itis our money so we must be the one that  decide in what we must be dealing , no one will suffer from our losses but only us, so try to be more specific and safer before investing our precious money.
but if this is for bitcoin> then deal even without caution because this is the safest of them all.
Yes, this is our money, all the decisions are in our hands, we will make a profit and we will also experience a loss. In every investment we are always faced with risk, we have to take the smallest risk to get a profit.
Regarding negative news, it depends on our perspective because there are many manipulators out there.

Offline IvugeoEvolutionCoin

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Re: Bitcoin bull market correction drawdowns
« Reply #81 on: April 17, 2024, 07:24:34 PM »
The good thing is that after the dump, it provides an opportunity to dive into the crypto market to buy Bitcoin at a discount price and for Bitcoin to increase in price more than it has before. However, no need for one to be panic about the correctional price because whether good or bad, just a matter of time, we are going to see an ATH that will far above the $73k that we have seen this year
I think this year's ATH has reached $73k and it is impossible to make a new ATH again because to raise the price of bitcoin to a new ATH requires quite a lot of money. No one wants to buy bitcoin at such an expensive price without any good news. can provide profits for those who buy at high prices.

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Re: Bitcoin bull market correction drawdowns
« Reply #81 on: April 17, 2024, 07:24:34 PM »


Offline Sim_card

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Re: Bitcoin bull market correction drawdowns
« Reply #82 on: April 17, 2024, 07:30:04 PM »
Currently we should choose to wait for the halving, because it seems the market is not yet good for trading. I just wait and analyze several coins to buy when a deeper correction occurs.
There will always be panic, but be calm and patient in looking at current market conditions. As you said we are in the discovery phase, it's best to wait and see which way the market will move, but it will probably be a dump
The good thing is that after the dump, it provides an opportunity to dive into the crypto market to buy Bitcoin at a discount price and for Bitcoin to increase in price more than it has before. However, no need for one to be panic about the correctional price because whether good or bad, just a matter of time, we are going to see an ATH that will far above the $73k that we have seen this year
I agree with you that there is no need to panic, because after the halving we will see the bull run some months after. It is just a matter of time and patience for investors to start seeing bitcoin price skyrocketing again. It is weak hands that don't understand the price movement of bitcoin, that will panic and sell forgetting that bitcoin price will pump again, and that this is not the best time to sell.

Offline rdluffy

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Re: Bitcoin bull market correction drawdowns
« Reply #83 on: April 17, 2024, 07:49:00 PM »
I think this year's ATH has reached $73k and it is impossible to make a new ATH again because to raise the price of bitcoin to a new ATH requires quite a lot of money. No one wants to buy bitcoin at such an expensive price without any good news. can provide profits for those who buy at high prices.

In my opinion, this year we could see BTC reach over 73k without too much effort

Some have sold their BTC thinking that the price could fall due to news of a possible war, others have taken profits because they bought in the bear market, but I realize that the vast majority are not willing to sell BTC below 100k which seems like a psychological barrier

Offline milewilda

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Re: Bitcoin bull market correction drawdowns
« Reply #84 on: April 17, 2024, 09:44:35 PM »
I think this year's ATH has reached $73k and it is impossible to make a new ATH again because to raise the price of bitcoin to a new ATH requires quite a lot of money. No one wants to buy bitcoin at such an expensive price without any good news. can provide profits for those who buy at high prices.

In my opinion, this year we could see BTC reach over 73k without too much effort

Some have sold their BTC thinking that the price could fall due to news of a possible war, others have taken profits because they bought in the bear market, but I realize that the vast majority are not willing to sell BTC below 100k which seems like a psychological barrier
60k is a hard to break support and we are really that literally holding this line, actually im really that expecting that it might be falling down below 50k as the lowest for this current run
before it would really be making some moonshot but well just like always on which there's no way that we could really be able to know on where it would really be heading.
Its always been unpredictable despite of the recognition that it do really gets specially now that institutional funds are flowing into crypto specially in bitcoin but doesnt
mean that it would really becoming that predictable in that case which is really still the same i should say.

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Re: Bitcoin bull market correction drawdowns
« Reply #85 on: April 17, 2024, 10:00:06 PM »
These are all natural parts of the market and shouldn't be really a shocking thing to anyone. I get that you may feel like its something that doesn't happen during bull run and there are too many people who expected just ups and ups, but even during the bull runs there are situations like this that make it go down. Plus, this wasn't really related to the market all that much, this was related to the potential of a big war, and thankfully that did not happen and it stopped before it got out of hand. Which means that the 70k+ prices are literally around the corner and probably a lot more after that too.

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Re: Bitcoin bull market correction drawdowns
« Reply #86 on: April 18, 2024, 04:09:10 PM »

You are right, the price will not immediately jump after the halving because there will be several corrections before bitcoin reaches its highest price when bullish. Many people predict bullishness will occur a year after the Bitcoin halving, so it will happen next year that Bitcoin will touch the top ATH.

Have we entered the halving period?
As we know, bullishness will definitely occur after the halving, but does it really take that long to get to the next bullishness?

Offline dekafee79

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Re: Bitcoin bull market correction drawdowns
« Reply #87 on: April 18, 2024, 10:59:54 PM »

You are right, the price will not immediately jump after the halving because there will be several corrections before bitcoin reaches its highest price when bullish. Many people predict bullishness will occur a year after the Bitcoin halving, so it will happen next year that Bitcoin will touch the top ATH.

Have we entered the halving period?
As we know, bullishness will definitely occur after the halving, but does it really take that long to get to the next bullishness?
As expected, the halving will occur on April 19 this month, and we can see that the price of bitcoin has started to rise. I think next week bitcoin will rise to a higher price. When will there be bullishness, I don't think anyone can predict exactly when, because the crypto market is difficult to predict

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Re: Bitcoin bull market correction drawdowns
« Reply #88 on: April 19, 2024, 04:53:49 PM »
Yes, this is our money, all the decisions are in our hands, we will make a profit and we will also experience a loss. In every investment we are always faced with risk, we have to take the smallest risk to get a profit.
Regarding negative news, it depends on our perspective because there are many manipulators out there.
With Bitcoin, a longer time you hold it, a better profit you will get.

To hold your bitcoin a long time, you need to read as less news as possible because news will affect your emotion, psychology then decisions. Usually when you are unsure, you will less likely be able to hold your bitcoin.

See the ROI information of Bitcoin, from the table to the chart, and recognize that holding your bitcoins is best you can do for getting profit.
https://casebitcoin.com/charts
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Offline doc

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Re: Bitcoin bull market correction drawdowns
« Reply #89 on: April 19, 2024, 11:13:04 PM »
Yes, this is our money, all the decisions are in our hands, we will make a profit and we will also experience a loss. In every investment we are always faced with risk, we have to take the smallest risk to get a profit.
Regarding negative news, it depends on our perspective because there are many manipulators out there.
With Bitcoin, a longer time you hold it, a better profit you will get.

To hold your bitcoin a long time, you need to read as less news as possible because news will affect your emotion, psychology then decisions. Usually when you are unsure, you will less likely be able to hold your bitcoin.

See the ROI information of Bitcoin, from the table to the chart, and recognize that holding your bitcoins is best you can do for getting profit.
https://casebitcoin.com/charts
Thanks for the advice, dude.
I will try to see and study the link you provided.
Bitcoin is a good coin to hold long term. And I've done it 3 halvings.
Sometimes it's just being distracted by life's necessities that makes me sell some of my bitcoins.
That's the problem we experience when trying to hold on for the long term

 

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