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Bitcoin Forum / Re: Bitcoin Slips Under $62K as Hong Kong ETFs Disappoint
« on: Today at 07:52:46 AM »~This is a wrong mindset of investors especially on newbies.
It is worth to know that bitcoin price today is decreasing, but that does not mean all-time-high is not coming. Do not expect bullrun to start immediately after halving.
I've seen threads both here and in Bitcointalk asking other users why the market isn't starting to pump up yet even though the Bitcoin halving event happened already. They think that an "IMMEDIATE" bull run will happen. Their expectations are too high and when their expectation aren't met, they will feel frustrated and will feel negative on the market.
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Re: Bitcoin Slips Under $62K as Hong Kong ETFs DisappointLike what others said, the HongKong market isn't even comparable to the US market. Their expectations towards ETFs in general is too high that when it didn't get reach, they will feel negative hence, a selling pressure will be created. TBH, I'm leaning more towards the fact that the S&P500 also experienced a market correction, so does the crypto market. I mean the correlation between the two in terms of price movements.
Overall, no need to panic (for those who are panicking because of the correction that happened). Like what they always say, what goes down, goes up and vice-versa.