Are you ready to undergo painful correction?

[Emircan]

investment has a certain risk. we need to have experience with luck to be able to swear

[Goblin]

All there must be risks, but if the price of bitcoin does not match expectations when we buy it. What can we do to hold or sell? I think we have to be prepared with all the possibilities because bitcoin prices are difficult to predict. so be wise in investing. I will accept the situation of the bitcoin market if that happens

I agree with your opinion mate, Bitcoin price is unpredictable. So, we can hold or sell when the condition is not good. Bitcoin is still the king of crypto currency, I still believe bitcoin will increase every week. Good luck.

Yes the bitcoin price is predictable.  It is not possible to predict when the price of Bitcoin will go down and when it will go up.  But you can sell it anytime.  Currently Bitcoin is in a good position.  When Bitcoin increases its price, you can sell it and make a good profit.

[gotbounty]

If you have entered and invested in Bitcoin, you must be prepared for all the conditions that may occur. I will stick around and be patient with hold. Because I am sure after the dump will definitely rise again. It's only a matter of time. Because Bitcoin is the king of coins. So it definitely won't disappoint for too long.

[Astra]

Many are waiting for the time that bitcoin will move back to its last ATH. Yet there are others or maybe more than I expected, are longing to see bitcoin with a six digit of value we can even read topics like this here in our forum. Here are the two of them:

A topic started by Muneeb22
https://www.altcoinstalks.com/index.php?topic=143424.0
A topic started by Bradsow
https://www.altcoinstalks.com/index.php?topic=179221.0

There is nothing wrong being a believer in such speculation since everyone is free to do that and all wants it including me because I'm still hoping that it might be chance for some of my altcoins.lol

Yet there's one simple but hard question we have to consider and that question is "Are you ready to undergo painful correction?". Assuming bitcoin touch a new ATH price record in the market. Let's say your speculation is $100,000 and you purchased it at $85,000 and suddenly the price dump at $40,000 and yearly the price has no progress instead it keeps on crashing plus the fud adding more preasure and putting the community into great panic.

Now in this kind of situation, are you sure you are ready to this painful correction?

Tom Fitzpatrick says, "bitcoin is all about the 'unthinkable rallies followed by painful corrections.”

Source:Bitcoin.com

Well, you described one of the very possible scenarios that may occur in the future.  It is not customary to discuss such possible scenarios on this and other similar forums.  However, it should be borne in mind that if bitcoin reaches much higher price values, then the risk of investing in it increases many times.  Bitcoin holders will be very afraid of losing their money and even a slight drop in prices each time can cause a big panic, which will expand like a domino until the price of Bitcoin falls back to its lowest values.  Everyone should understand this in order to realistically assess the risks in their actions in the cryptocurrency market.

[Power]

I think investors should be prepared to undergo a painful correction if it turns out that bitcoin price will reverse or fall in price. If this happens at least we can prepare steps that must be taken to minimize the loss of bitcoin assets owned.

Well said. All the investors in digital world must be prepared  to undergo painful corrections, beause Crypto prices is unpredictable, there are ups and down. So make sure to face the consequences of our choices.

[UNIVERSE]

If we are not ready about it, so, don't enter the crypto, don't trade, and also don't hold. The market will be always volatile, risky, and also fluctuating enough. Many things may lead tot he market correction after a small increase and may go up or down to earth.

[vaysar]

The current correction is accompanied by low volatility, indicating the departure of active investors. But they can return immediately when the overbought effect on the cryptocurrency market disappears.

[Black ID]

In crypto, which is completely uncertain. Of course we must always be prepared for all conditions, including the worst conditions. And you must always believe that the storm will pass. The preparation may have to be able to control emotions so that we do not regret taking wrong steps.

[Vasyak]

I am fully prepared because I left Bitcoin for USDT. I'm waiting for a small drop to buy it again. Maybe there won't be a fall, but it's just a matter of luck. No one can predict the future.

[Token@]

Yes, when the price of Bitcoin goes down a bit, if you buy Bitcoin and leave it, you will get a good profit later. You will get a good profit in the future.

[Shahinaz]

Everything must have its risks. In my opinion, we must be prepared for all possibilities because bitcoin prices are difficult to predict.  so be wise in investing.  I will accept the bitcoin market situation if that happens.  Investing or trading in Bitcoin can never lose.  I have seen for a long time that Bitcoin prices are much lower.  But now the price of bitcoin has increased rapidly.  Bitcoin will become more valuable.

[Power]

In crypto, which is completely uncertain. Of course we must always be prepared for all conditions, including the worst conditions. And you must always believe that the storm will pass. The preparation may have to be able to control emotions so that we do not regret taking wrong steps.

I agree. We must be prepare in every way. Long live.

[debra]

Like what we are experiencing right now. It is more than a market correction. It is going to be a dump market after the small bullish time. And at the same time, we still have no significant increase after all. Actually, we are all likely ready enough with this kind of market condition because it is still falling down. And to undergo the pain of this market correction, just don't look at the previous portfolio and continue with the new one.

[Quart]

It is a correction, there is no need to worry. The market is growing, we just need to wait for the time of the upcoming bullish. As long as we don't sell our crypto assets, it means we don't get losses yet. There is always a chance to get big profits. We don't be panic because of the painful correction.

[Fenix]

The cryptocurrency market has grown well over the past six months. We really enjoyed the bull market. However, in the second half of May, the price of bitcoin and almost all altcoins fell sharply. They were forced to accept it as a fait accompli and who was ready for such a fall, and who was not ready for it. We get used to good things very quickly and it seems that this period will last for a very long time. However, for some reason a fall always comes unexpectedly and always a significant part of the participants in this market are not ready for it.