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There is no need to panic with the current correction. Before bitcoin reaches $60k, it will be a correction, as before bitcoin rises to $57k,
they mark it with a correction from $42k to $30k, then flies slowly and surely to $57k. Maybe the correction that's going on right now,
it's a preparation for the next level. The market will pump I think that way.
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The decline in bitcoin is not just this time, when the bullrun is like now. In the weeks that have passed we have experienced this at a height of $41k
before reaching a high of $57k. And bitcoin sideways in a few weeks to give altcoins a chance to pump. So I don't have to worry about the decline now.
Bitcoin will rise to $60-$70k, but before reaching that price, bitcoin must correct first.
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When a person's knowledge is already a lot about crypto, then one will not hesitate to invest in bitcoin, as you suggested, of course they will do so,
it's just that the most important thing is to buy bitcoin according to the capabilities of the time, one more thing, it might be better if a trader or
investor does not take out a loan to invest in bitcoin, this is the best thing.
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Maybe I don't think this month bitcoin will fall below $20k, maybe it's too far from the current price, although bitcoin is currently correcting and sideways.
It seems too soon to say that bitcoin will drop this month below $20k. But if that happens there will certainly be a lot of weak altcoins, perhaps altcoins
that are at the lowest order in cmc. We have to be on guard for any eventuality that's going to happen.
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I've seen the lowest price of bitcoin at $44k and it's back up to $45k today. I don't know if it could be the lowest price at $40-42k, maybe if it could, then it could have happened this week. But now it seems good to buy bitcoin because it has been a 20% correction. I do not expect bitcoin will correct 30%-40% as happened in 2017. If that happens, it's good to buy it.
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DeFi has hyped that makes it popular lately and indeed many have profited from this DeFi hype. But it looks like now DeFi has weakened.
Your thinking is also good if you want to invest or trade short-term on the top coins, because currently the crypto market is in good shape.
I have some coin options like BNB, ADA, DOT, LINK also Bitcoin and Ethereum. But other than that there are new altcoins whose prospects
are pretty good and I hold some new coins. Now the price is rising.
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I think bitcoin has a lot of powerful support that makes it rally up to $57k. And it's natural to now experiencing a correction, even if it reaches a low of $40k
because they need to throw in for their respective profits. But it is not to worry if we as bitcoin holders, because quickly the price will recover. Isn't it at that
correct price it is good to buy before flying to $60k
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BNB has indeed grown at a very good price this time. If the gas fee for ethereum continues to be as expensive as it is now, perhaps Binance Smart Chain
solves solve this problem. And as BNB price increases continue to skyrocket, many projects have looked at Binance Smart Chain.
It is possible that Binance Smart Chain will also be one competitor for ethereum smart contracts.
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It looks like this is just a correction to the 60k and it will probably be a correction to the lowest point at $40k, and it will continue the highest price,
maybe in 3 weeks bitcoin could be side away between $40 to $49, then it will rise slowly to $50k before flying to $60k. But this is just my assumption,
any possibility could have happened.
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What I see in the crypto market is like this, when bitcoin grows altcoins will definitely follow suit. Because bitcoin is one of the most interesting investment options,
bitcoin always dominates other crypto assets like most altcoins. which then ethereum is the second crypto asset that many enthusiasts besides bitcoin.
When Bitcoin goes down, most other altcoins will go down as well, but we can still find altcoins that don't follow bitcoin's direction.
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Bitcoin is increasingly recognized by various circles, ranging from large companies, institutions and retail entrepreneurs. This all shows that the existence
of bitcoin is not to be underestimated. Many people are realizing the benefits of bitcoin which is a valuable asset and Bitcoin can be an asset that protects
inflation, especially during the pandemic until now.
From 2020 to 2021 is an important history for bitcoin because the price of Bitcoin has touched its highest level because people know already that bitcoin
is a digital currency as a safe asset.
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The most important thing coins we have chosen. If it's a potential coin like eos you trade, maybe I won't panic selling, because as we know EOS is one of the potential coins that are very good for trading. Why don't you try to hang on before thinking of selling it, because when the market is flushed, it will definitely come back green a few days later. This is where the test as a trader is where we have to control emotions. But I admit, sometimes I lose control emotions at a time.
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Hacks are common for people who store a lot of bitcoins in a wallet. Therefore, it is better to store bitcoin not only in one wallet,
if you have a lot of bitcoins. I think this will slightly avoid the risk of losing a lot of money, as it keeps it in some wallets. Imagine
if you put a bitcoin in one wallet and get hacked, you'll lose it all.
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With a large supply of DOGE it is miraculous if DOGE can reach $1 of the current price. And it is very magical for DOGE this time,
because the price has gone up thousands of percent and now the price is high. In this crypto market everything is possible. It's
possible that DOGE could reach $1 and could even fall back to low starting prices. If so, I'll be ready to collect DOGE.
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Tweets from famous people like Elon Musk affect many people, even besides doge, Elon also tweets about XRP and Bitcoin, it makes everything
pumping on the exchange. It doesn't hurt to wait for what next tweet Elon will tweet.
Doge's price is wonderful right now, and many people have benefited from the blessing of Elon Musk's tweet.
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If you want to grow your investment quickly, then it all depends on how much you have the strategy and expertise you have so far. 3 years is enough time for you to gain a lot of experience in trading. Lots of good potential coins and now a lot of pumping on the exchange. It's a good time to trade a lot of altcoins, let alone the market is being corrected. We have to be quick to respond to that. Currently, coins such as BNB are pumping, it is better to do an analysis before buying it, because the price is quite high, maybe, in the long run, it will continue to rise.
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Of course bitcoin is in better shape now than it was 2 years ago. Now that bitcoin has experienced a new ATH, try to check the market,
maybe you are very sorry if you do not follow the development of bitcoin, especially if you do not invest in bitcoin. But if you have
bitcoin from the past in 2018, it's already making a lot of profit today.
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Holding a coin for a long time will not always be profitable nor will it always be detrimental. That will happen if it is on which coin we hold.
If holding for long is to be profitable of course one has to be on the right coin being held. If you hold shit coins for a long time, of course
you will lose a large part of your capital. For this reason, the preparation before determining the investment must be mature and precise.
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Entering the rising BNB trend may not be too late, I think many will regret it if traders skip BNB, this is clear that BNB continues to rise in
days from $ 100 to $ 300 and it has been a lot for those who have already felt the benefits of the BNB pump this time. It is likely that if
the bull run continues BNB will continue to rise, it could be as high as $ 1000 in the long term.
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