WARNING INCOMING CORRECTION

[Denker]

WARNING INCOMING CORRECTION

Hodl onto your coins.

Bull run not over.

HODL!!!!!!!!!!

Bitcoin is probably due for a price drop after the huge increase lately. It is to be expected so we should not panic when it happens.

Sure some correction is good and healthy. Cools down the run a bit and prevents us from getting into a BTC bubble, which is the most important imo for a longer upwards trend.
Shitcoins however will mostly crash one day.The bubble most of all lts are in is huge at the moment. Of course it can continue growing.
This is a situation crypto hasn't seen before. So who knows how long it will last.

[1714078543]

1714078543

[1714078543]

1714078543

[1714078543]

1714078543

[Slow death]

i really hope some day people around this board put more thought into their posts. like adding a freaking chart, some analysis, some solid price predictions.

yeah we all love HODL and MOON chants but it would be great to see some analysis too.

Many times i see the title of a thread and i get very scared, when i click to open and see the content of the title i am surprised, surprised because it contains little information.

People should post "some solid price predictions."

[Sundark]

People should post "some solid price predictions."

They should, but this time there is no clear signals. We don't even have solid support level because of constant unrestricted price growth.

We can see 2 possible scenarios unfolded here, we will see either small correction with support level of $1470 or bigger dip and support will be around $1330.

[e-coinomist]

Somebody sold big amounts of Bitcoin here and there and the price fell quickly from 1618$ to 1472$. The numbers I have are from Kraken, but it's not the only place with this behavior.
I'm curious what is going to happen next.

Kraken seriously lacks behind most other tradesites on recent spike. And market dynamics should level out huge price differences.
Arbitrage flows might be damaged. Tether withdrawals.

Just imagine:
1) Buying on Kraken, catching the dips
2) Selling on Bitfinex, into these spikes
3) move cash from Bitfinex to Kraken. Would require currency interchange from Euros into Dollars. USD/USDT trade & withdraw
4) Goto 1), be seriously happy

[btcney]

WARNING INCOMING CORRECTION

Hodl onto your coins.

Bull run not over.

HODL!!!!!!!!!!

Well, I'm alwasy a fan of bitcoin no matter what its price level is at currently, I really don't mind holding for the long term but I do think that the better decision to make is to maybe prepare for a correction downwards by selling half your coins and keeping the other half. So if the correction does happen you have some fiat to buy cheap coins with again, and if it doesn't it's cool because you've still got half your original btc earning that bull wave.

Hodling for the long term is a great strategy but not really so with the short term.