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Author Topic: A Deep or Correction?  (Read 6910 times)

Offline Makus

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Re: A Deep or Correction?
« Reply #105 on: February 16, 2025, 09:47:56 PM »
---
I don't know why we are concerned about Trump not making any positive speech about Bitcoin again when we know that he is the president of a country that can see Bitcoin as the least thing to talk about for his country to start up with currently since Bitcoin can soar on his own at any time without affecting country finance.

Bitcoin can be kept pending while the country issue is resolved. That's what Trump thought would be. Bitcoin growth is not dependent on him alone
Many think that if Trump speaking about Bitcoin is bullish for most of the investors. What I see is that Trump is the biggest manipulator currently. It's indirect, but when he won the election last November, the market pumped really hard, but when he said that he will impose tariffs on Canada and Mexico, the market dumped really hard. The price movement of Bitcoin right now is tied with how Trump moves.

Well, there will be a time where there will be no effect towards the market anymore if Trump speaks about it especially with Bitcoin. That might take a long time though since he promised many things that's Bitcoin-related during his campaign. Whatever the case is, let's expect some pumps and dumps in his first months as the US president.

Definitely, there'll come a time where the market movements won't be based on his moves, for now most investors are anticipating to know how well he'll carry bitcoin in his administration and the president.  But I believe  once all this have settled, there won't be much price manipulation due to his speech, because Trump is not against bitcoin he even welcomes the innovative technology. I believe bitcoin will soar higher in his administration probably to 150k, and so now is not bad to keep staking more sats so you don't end up regreting missing this deep right now.
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Re: A Deep or Correction?
« Reply #105 on: February 16, 2025, 09:47:56 PM »

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Offline Baofeng

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Re: A Deep or Correction?
« Reply #106 on: February 16, 2025, 11:05:44 PM »
---
I don't know why we are concerned about Trump not making any positive speech about Bitcoin again when we know that he is the president of a country that can see Bitcoin as the least thing to talk about for his country to start up with currently since Bitcoin can soar on his own at any time without affecting country finance.

Bitcoin can be kept pending while the country issue is resolved. That's what Trump thought would be. Bitcoin growth is not dependent on him alone
Many think that if Trump speaking about Bitcoin is bullish for most of the investors. What I see is that Trump is the biggest manipulator currently. It's indirect, but when he won the election last November, the market pumped really hard, but when he said that he will impose tariffs on Canada and Mexico, the market dumped really hard. The price movement of Bitcoin right now is tied with how Trump moves.

Well, there will be a time where there will be no effect towards the market anymore if Trump speaks about it especially with Bitcoin. That might take a long time though since he promised many things that's Bitcoin-related during his campaign. Whatever the case is, let's expect some pumps and dumps in his first months as the US president.

Definitely, there'll come a time where the market movements won't be based on his moves, for now most investors are anticipating to know how well he'll carry bitcoin in his administration and the president.  But I believe  once all this have settled, there won't be much price manipulation due to his speech, because Trump is not against bitcoin he even welcomes the innovative technology. I believe bitcoin will soar higher in his administration probably to 150k, and so now is not bad to keep staking more sats so you don't end up regreting missing this deep right now.

We still have to wait for his announcement about the Strategic Bitcoin reserves. Because if this happens, it's going to be huge for the market as we can see the price might go as high as $180k.

But it's too early for his administration to look into it. Or from what I read, there are already a working group looking if this is viable for the US but the decision might came in later. So now it's going to be a waiting game for us. Price right now is still good at $97k so there is nothing to worry about a huge correction.

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Re: A Deep or Correction?
« Reply #106 on: February 16, 2025, 11:05:44 PM »

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Offline pawel7777

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Re: A Deep or Correction?
« Reply #107 on: February 16, 2025, 11:53:21 PM »
Another day of attempted recovery and the price getting pushed back down. Some say it's just a normal side-action, but that looks artificial to me. There's no reason why retail investors would be selling now, below $100k if they haven't sold when we were above that. And with virtually all news being positive, it would seem like we are ripe for another price rally, but each time the market starts showing any enthusiasm, someone dumps to keep the price low.
Patience is the key, but the drop in volume is a bit concerning, it dropped below $15 bn, and, on the good days, it was almost x10 of that.

Offline sampoerna

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Re: A Deep or Correction?
« Reply #108 on: February 16, 2025, 11:58:44 PM »
Another day of attempted recovery and the price getting pushed back down. Some say it's just a normal side-action, but that looks artificial to me. There's no reason why retail investors would be selling now, below $100k if they haven't sold when we were above that. And with virtually all news being positive, it would seem like we are ripe for another price rally, but each time the market starts showing any enthusiasm, someone dumps to keep the price low.
Patience is the key, but the drop in volume is a bit concerning, it dropped below $15 bn, and, on the good days, it was almost x10 of that.
Patience is still the key, but the crash that lasted so long, to be honest, sometimes makes our minds and conditions bad. Especially for those who do it for short-term investment and it creates a dilemma, between having to do SL or continue to keep holding. Although if it's in Bitcoin, it's actually not a problem when doing it for the long term. But if it's for altcoins, you really need to be careful and vigilant. And now, just wait for the market to improve as before and bring ATH back in the future, whenever it is, keep having faith. And once again, the key is one of them, you have to be much more patient.
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Offline Makus

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Re: A Deep or Correction?
« Reply #109 on: February 17, 2025, 10:29:28 AM »
We still have to wait for his announcement about the Strategic Bitcoin reserves. Because if this happens, it's going to be huge for the market as we can see the price might go as high as $180k.

But it's too early for his administration to look into it. Or from what I read, there are already a working group looking if this is viable for the US but the decision might came in later. So now it's going to be a waiting game for us. Price right now is still good at $97k so there is nothing to worry about a huge correction.

Even if a correction takes place now the price of bitcoin will definitely rise up again in the long run. It has always been like this the dip or correction doesn’t last for long so there is nothing to be afraid of. And that is why it’s important to make long term investments rather than buying and trading in short term market prices. Trading on short term when market changes price to the sideways trend or dump market, that could lead to loses if you’re not patient enough to hold for long.
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Offline milewilda

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Re: A Deep or Correction?
« Reply #110 on: February 26, 2025, 09:12:01 AM »
We still have to wait for his announcement about the Strategic Bitcoin reserves. Because if this happens, it's going to be huge for the market as we can see the price might go as high as $180k.

But it's too early for his administration to look into it. Or from what I read, there are already a working group looking if this is viable for the US but the decision might came in later. So now it's going to be a waiting game for us. Price right now is still good at $97k so there is nothing to worry about a huge correction.

Even if a correction takes place now the price of bitcoin will definitely rise up again in the long run. It has always been like this the dip or correction doesn’t last for long so there is nothing to be afraid of. And that is why it’s important to make long term investments rather than buying and trading in short term market prices. Trading on short term when market changes price to the sideways trend or dump market, that could lead to loses if you’re not patient enough to hold for long.
A market will always be having a correction and this is something that you should be putting up into your mind at the moment that you do step your foot into this market. We cant really be just that having a single path or movement on which upwards on which we know that this isnt how market works. Correction and decrease in price is common or could inevitably happen and this is where traders investors will be trying out to scoop out with that dip and make up some profits at the time or moment that it will be making up some recovery. It do always having that common cycle and this is something that you should be realizing at first, so that you wont be finding yourself that getting shocked at the moment that the market will really be having its movement since you have already anticipated on this one.

Offline TomPluz

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Re: A Deep or Correction?
« Reply #111 on: February 26, 2025, 11:40:21 AM »

This is the bitcoin cycle and this process is needed to make Bitcoin more valuable and achieve an even higher ATH.
The correction is just a sign that a big increase is also coming, so be prepared with your own bag.


This is the kind of spirit that we need especially that Bitcoin is now in the vicinity of $80K which can send some shockwaves to someone who is new in this space and who may have recently acquired some BTC. As for me this is not anymore shocking as we are already so briefed with how Bitcoin can move up and down...in fact I am just sad because I am trapped. Still, I am looking forward for Bitcoin to soon be back on circulation and who knows there can be the silver lining with this downtrend...maybe making a big comeback and make a new historical ATH. Now, to answer the question of OP, the answer is that this is going to be a deep correction.


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Re: A Deep or Correction?
« Reply #111 on: February 26, 2025, 11:40:21 AM »


Offline taufik123

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Re: A Deep or Correction?
« Reply #112 on: February 26, 2025, 04:35:22 PM »
-snip-
in fact I am just sad because I am trapped. Still, I am looking forward for Bitcoin to soon be back on circulation and who knows there can be the silver lining with this downtrend...maybe making a big comeback and make a new historical ATH. Now, to answer the question of OP, the answer is that this is going to be a deep correction.
If you are indeed trapped then you have to overcome the trap, close the hole and pay attention even you are ready for everything that can happen.

Having current fiat reserves is essential for accumulating your coin holdings, allowing you to get cheaper prices and deeper drops.

Remember that CZ once said that it would reach $85k and become trending news and it is happening now, so don't be sad because stuck at a higher price than now, you need to recover it and when the ATH is reached again you will make more profits.

Offline Stompix

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Re: A Deep or Correction?
« Reply #113 on: February 26, 2025, 06:24:42 PM »
And with virtually all news being positive, it would seem like we are ripe for another price rally, but each time the market starts showing any enthusiasm, someone dumps to keep the price low.

The world is on the brink of recession, inflation is growing again, you have a trade war between almost every country out there, and you think everything is positive? Salvador is paying 8% interest on its bonds, it had to borrow 1 billion from the IMF cause no bank would loan them anything and people still think Bukele is the master class economist.

The market is spooked because there is fear in everything from real estate to stock to commodities, and bitcoin is not immune to it, it's actually the first that gets hit, just like in 2020 and 2022.

https://www.cnbc.com/2025/02/25/february-consumer-confidence-comes-in-lighter-than-expected-in-latest-sign-of-slowing-economy.html



Offline target

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Re: A Deep or Correction?
« Reply #114 on: February 26, 2025, 06:50:22 PM »
-snip-
in fact I am just sad because I am trapped. Still, I am looking forward for Bitcoin to soon be back on circulation and who knows there can be the silver lining with this downtrend...maybe making a big comeback and make a new historical ATH. Now, to answer the question of OP, the answer is that this is going to be a deep correction.
If you are indeed trapped then you have to overcome the trap, close the hole and pay attention even you are ready for everything that can happen.

Having current fiat reserves is essential for accumulating your coin holdings, allowing you to get cheaper prices and deeper drops.

Remember that CZ once said that it would reach $85k and become trending news and it is happening now, so don't be sad because stuck at a higher price than now, you need to recover it and when the ATH is reached again you will make more profits.

CZ giving that heads up is like he knows whats going to happen in few weeks. That was a good inside information but he didn't specify whether this dump is going to restart a bear movement for the rest if the year til the next halving.

Because if this bounce to hit another ATH $120k, all I can say is that he is playing Bitcoin holders. I'm already ready whichever the price goes. Going below $85k I think we are already in bear market.

Offline debra

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Re: A Deep or Correction?
« Reply #115 on: February 27, 2025, 11:59:18 PM »
Even if a correction takes place now the price of bitcoin will definitely rise up again in the long run. It has always been like this the dip or correction doesn’t last for long so there is nothing to be afraid of. And that is why it’s important to make long term investments rather than buying and trading in short term market prices. Trading on short term when market changes price to the sideways trend or dump market, that could lead to loses if you’re not patient enough to hold for long.
Of course, it will rise again in the future. Just wait 4 years! But it means many people will get no profits in this cycle. Not everyone want to hold until the next 4 years. People want to take profits because they want to convert it to fiats. or they want to switch to another asset. Well, trading is good but not everyone wants to trade. Trading is quite complicated, it is not as easy as investment.


Offline pawel7777

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Re: A Deep or Correction?
« Reply #116 on: February 28, 2025, 12:16:19 AM »
I imagine there must be a lot of stop-loss orders set at $80k, so for anyone attempting to manipulate the price down, that would be a good target.
But, so far, despite the daily low being $82,612 we are holding on above $84k. The volume is also decent, around $54bn, but is on the downtrend, it was close to $90bn earlier today.
I don't expect to see any sharp movement until after the weekend, but who knows.

Offline milewilda

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Re: A Deep or Correction?
« Reply #117 on: February 28, 2025, 09:25:55 AM »
I imagine there must be a lot of stop-loss orders set at $80k, so for anyone attempting to manipulate the price down, that would be a good target.
But, so far, despite the daily low being $82,612 we are holding on above $84k. The volume is also decent, around $54bn, but is on the downtrend, it was close to $90bn earlier today.
I don't expect to see any sharp movement until after the weekend, but who knows.
Basing up on how big the amount had been liquidated then there are lots of stop losses that being touched and its not the first time that this do happen in the market. This is why its really that best that you should be making yourself wary about into the probabilities of these kind of movement. Correction or crash or whatever it is called on which this is really that a normal thing that do happen into this market on which there would really be price movements on which we dont really anticipate for it to happen. We do have market crashes and always bare this up in mind and for those who are expecting that the market wont go down are only into those people who are really just that new into this market and isnt aware about these ups and downs on which this is considered as a normal day here on crypto space.

Offline taufik123

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Re: A Deep or Correction?
« Reply #118 on: February 28, 2025, 10:39:14 PM »
CZ giving that heads up is like he knows whats going to happen in few weeks. That was a good inside information but he didn't specify whether this dump is going to restart a bear movement for the rest if the year til the next halving.
-snip-
CZ was just reading the cycle that could have happened, but this was entirely influenced by those who believed that CZ's words would come true and in the end now it even surpassed the price CZ said and even broke $79k.

Now it is just a matter of waiting to go up again, print the ATH again and leave the panic that ensued.
The cycle will continue and of course there will be more surprises that could happen this year.

Offline debra

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Re: A Deep or Correction?
« Reply #119 on: February 28, 2025, 11:26:42 PM »
CZ was just reading the cycle that could have happened, but this was entirely influenced by those who believed that CZ's words would come true and in the end now it even surpassed the price CZ said and even broke $79k.
I think everyone doesn't want to believe that Bitcoin will drop below $80k. But in fact, CZ is right that Bitcoin is declining very badly. It dropped to $78k yesterday. Now, I don't have an idea that CZ said Bitcoin will be $1,001,000. Honestly, it is very surprised to know this because Bitcoin isn't in the green market now.

Now it is just a matter of waiting to go up again, print the ATH again and leave the panic that ensued.
The cycle will continue and of course there will be more surprises that could happen this year.
It may go up again, but the question: will Bitcoin cross $100k again? I believe bullrun season continues, but I'm not optimistic again that Bitcoin will have a new ATH.


 

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