New ATH then correction of 35%+

[bitterguy28]

You heard it here first.

 



edit - Looks like an ascending triangle is forming on the 1hr and 4 hr charts. You heard it here first!

Still waiting for  35% correction ,if talking about bitcoin but XRP seems to be having now .

32% drop for just more than 24 hrs ,

If this is what your prediction says then you are a great one,I have not seen this coming because i'm focusing in Bitcoin ..

[KTChampions]

If you're afraid of the correction is this a good idea?

If converting bitcoin to either stable coin or USD will give the same impact I guess they can be both get affected by the changes in the purchasing power of the currency. If the price of bitcoin would dump as what most are expecting after the ATH I could suggest that the only options we have are to convert it into USD or stable coin which has a higher chance of saving its value rather than being dumped when the price corrections take place.

However, I'm in doubt that price correction will happen again since the bitcoin enthusiast right now is already aware of what may happen if they will do the same thing as they did in 2017 and due to mass adoption we might experience price shakes but it could easily be recovered and boost the price again in an upward trend.

At the moment I'm not sure if converting to stablecoin is a good idea. There is no guarantee that a stablecoin will not crash as much as a ripple. The best option is a real dollar, any derivative adds additional risks. Regarding mass adoption, unfortunately I cannot say that there has been any progress.

[Questat]

bitcoin has reached an all time high at $ 24k, and the correction is only 4%,
I hope there is no 35% correction for bitcoin, of course it will be a bad thing if this happens this year.

We will see, the hype is on now, lots of people are in belief that bitcoin will not anymore dump because big institutions are investing on bitcoin, same stories I heard last 2017 and some even said there's a massive adoption already, so I believe it's not different this year or next year in terms of correction.