Get ready for the inevitable, huge correction coming.

[2double0]

Btc had been nicely being accumulated but all the mess that had been created by Elon and other institutions that are selling their btc in the markets shows how dangerous can it be when institutions create panic in the markets. No, don't think that I am going to say it's the end of btc and crypto, it is not. They are just taking their profits till the areas where they can buy back more btc with their profits so cheap that the next cycle will break all limits for btc and it will reach $100k. As of now, btc should get to an area where it can not only be profitable to just traders, but to the spenders too who spend their btc and pay very high fees. Want cheap fees? Want cheap btc? Time is coming. 36k soon.

[livingfree]

It is inevitable that they're going to take profits, billions will be wiped out of the market as they took their profits without telling it to the public. And the starter of it is Elon and probably the other institutions too.

You're right, as they take profit, they will be waiting again for the price to go down and boom, they'll be taking those cheap bitcoins that have been sold by the panicked holders. While they're doing that, we're just going to be with the flow and do also our thing of buying some cheaper bitcoins.

[aoluain]

Im not so sure that Big investors are taking profits, their outlook over
the last few months was investing for the long term and hedging against
rising inflation.

Long term outlook means that day to day or week to week fluctuations
are not a concern.

There is definitely panic in the markets, most likely started by EM but
the panic is only from weak hands who bought i the last few months,
those yet to experience the power of HODL

[Quidat]

Btc had been nicely being accumulated but all the mess that had been created by Elon and other institutions that are selling their btc in the markets shows how dangerous can it be when institutions create panic in the markets. No, don't think that I am going to say it's the end of btc and crypto, it is not. They are just taking their profits till the areas where they can buy back more btc with their profits so cheap that the next cycle will break all limits for btc and it will reach $100k. As of now, btc should get to an area where it can not only be profitable to just traders, but to the spenders too who spend their btc and pay very high fees. Want cheap fees? Want cheap btc? Time is coming. 36k soon.

Already anticipating for this thing to happen because we cant just see a market which is staying up on greens or high peaks for the rest of time on where corrections like these are really normal.
Some cant really just able to comprehend these probabilities and get shocked nor panic out when they see declining prices which is just really normal to have because this wont really be called
a market if the price is staying up on one direction.This is indeed an inevitable situation and im also eyeing out for that possible support or bottom which i can
really make out some buybacks but lets hope that it wont really be crashing that hard and this might be the start of a long bearish run once again.

[2double0]

<<>>
This is indeed an inevitable situation and im also eyeing out for that possible support or bottom which i can
really make out some buybacks but lets hope that it wont really be crashing that hard and this might be the start of a long bearish run once again.

It is not going to be bearish till it goes under $32k which does not look to be reached so easily, but probabilities are very high if we consider Elon's bald (or bold) publicly open tweets about selling his btc. SEC must interfere here to penalize this guy for doing shady things like this where he first asked all his followers and fellow investors to buy btc, then suddenly changed his mind and started shilling doge. The best revenge the community can take is by sending doge back below $0.001.

[Oasisman]

~snip~

It is not going to be bearish till it goes under $32k which does not look to be reached so easily, but probabilities are very high if we consider Elon's bald (or bold) publicly open tweets about selling his btc. SEC must interfere here to penalize this guy for doing shady things like this where he first asked all his followers and fellow investors to buy btc, then suddenly changed his mind and started shilling doge. The best revenge the community can take is by sending doge back below $0.001.

I'm not sure If the SEC would interfere with this kind of case.
Elon is very influential, thus his tweets makes every solid follower to follow what he has tweeted, but in every action these followers makes was made by their own discretion.
 
Elon is so crazy about manipulating the market through series of tweets and other social media platform. So, I guess the best revenge is to stop following this guy's tweet.
Sending Doge back below that figure would make everyone who owns it suffer from a huge loss.

[teosanru]

Btc had been nicely being accumulated but all the mess that had been created by Elon and other institutions that are selling their btc in the markets shows how dangerous can it be when institutions create panic in the markets. No, don't think that I am going to say it's the end of btc and crypto, it is not. They are just taking their profits till the areas where they can buy back more btc with their profits so cheap that the next cycle will break all limits for btc and it will reach $100k. As of now, btc should get to an area where it can not only be profitable to just traders, but to the spenders too who spend their btc and pay very high fees. Want cheap fees? Want cheap btc? Time is coming. 36k soon.

I think this sort of correction was actually bound to happen. I don't blame any institution or Elon Musk for this. We had been rallying new all-time highs for almost 6 months now. The market has a very simple phenomenon that it has to come down after it goes up to get ready for another leg up, this way all on all market always maintains a 45 degree angle while going up but in last 1 year BTC was moving on a scale much steeper than 45 degrees so a correction was actually bound to happen. I don't think we will go until 36k I think we might settle something around 42k and then we might see another high towards 50-51k but I am pretty much sure that we are not seeing any new all-time highs anytime soon.

[Reid]

When you look at it in a positive way, it's good that he is out at an early stage.
Before, we have this what we call shaky hands that would sell with a little dump. Elon is one of them.
I hope he does sell everything he got. Bring it back to circulation and let new investors have their chance to hold a precious coin.
Bitcoin market will feel the dump that he will do but it can recover in just a short amount of time. No doubt.

[somac.]

When you look at it in a positive way, it's good that he is out at an early stage.
Before, we have this what we call shaky hands that would sell with a little dump. Elon is one of them.
I hope he does sell everything he got. Bring it back to circulation and let new investors have their chance to hold a precious coin.
Bitcoin market will feel the dump that he will do but it can recover in just a short amount of time. No doubt.

Yes its good getting this socipathic piece of shit out of bitcoin. I'd say he already sold all Teslas/his coins the day before he made the first negative comment. There was a large inbound transaction to the exchanges that day, and being that Tesla has trouble making an income I'd say he realised he needed the profit to cover for that.

[proudhon]

No, don't think that I am going to say it's the end of btc and crypto, it is not.

This may not be the end of crypto, but it's certainly the end of bitcoin. Easy to predict there will never be a new ATH again. If bitcoin is worth even 10% of its current price by the end of 2022, that would be shocking. Bitcoin is the crypto Titanic.

[2double0]

No, don't think that I am going to say it's the end of btc and crypto, it is not.

This may not be the end of crypto, but it's certainly the end of bitcoin. Easy to predict there will never be a new ATH again. If bitcoin is worth even 10% of its current price by the end of 2022, that would be shocking. Bitcoin is the crypto Titanic.

Lmao, I never expected such comment where Titanic will be remembered in case of btc. I don't think the way you think, but it is possible that the institutional investors may become a solid rock that may either strengthen the coin or become a barrier in the way to btc success, today there is bad impression of crypto in the making but I can't tell you about tomorrow if the same institutional investors will be the reason behind btc continuously bashing its all time highs.

[Twinkledoe]

No, don't think that I am going to say it's the end of btc and crypto, it is not.

This may not be the end of crypto, but it's certainly the end of bitcoin. Easy to predict there will never be a new ATH again. If bitcoin is worth even 10% of its current price by the end of 2022, that would be shocking. Bitcoin is the crypto Titanic.

Lmao, I never expected such comment where Titanic will be remembered in case of btc. I don't think the way you think, but it is possible that the institutional investors may become a solid rock that may either strengthen the coin or become a barrier in the way to btc success, today there is bad impression of crypto in the making but I can't tell you about tomorrow if the same institutional investors will be the reason behind btc continuously bashing its all time highs.

I am also against his opinion that it is the end of bitcoin, and he is certain about it. We are still in 45k level and only this year that we have this price level, and he is already thinking that it is bitcoin's end.  Maybe, he lost a lot from his investments owed to bitcoin. But we don't know where he is coming from, why such comment to btc. Anyway, we know better than that, the journey of btc is quite hard, but definitely, it is not the end of bitcoin yet.

[magneto]

Btc had been nicely being accumulated but all the mess that had been created by Elon and other institutions that are selling their btc in the markets shows how dangerous can it be when institutions create panic in the markets. No, don't think that I am going to say it's the end of btc and crypto, it is not. They are just taking their profits till the areas where they can buy back more btc with their profits so cheap that the next cycle will break all limits for btc and it will reach $100k. As of now, btc should get to an area where it can not only be profitable to just traders, but to the spenders too who spend their btc and pay very high fees. Want cheap fees? Want cheap btc? Time is coming. 36k soon.

Indeed.

I do think that over the long run, the stuff about Musk and institutional investors will definitely be just short term noise.

But in terms of short run dynamics, I do think that everything is pointing towards a relatively big adjustment here. The $50k support has been broken in dramatic fashion and attempts of bull rallies have been futile so far. We're also getting further away from the 2020 halving event, which means that the hype is likely going to die down quite substantially.

BTC dominance decreasing is another warning sign which usually illustrates the later stages of a mania. So be very wary when investing in these times.

[philipma1957]

Btc had been nicely being accumulated but all the mess that had been created by Elon and other institutions that are selling their btc in the markets shows how dangerous can it be when institutions create panic in the markets. No, don't think that I am going to say it's the end of btc and crypto, it is not. They are just taking their profits till the areas where they can buy back more btc with their profits so cheap that the next cycle will break all limits for btc and it will reach $100k. As of now, btc should get to an area where it can not only be profitable to just traders, but to the spenders too who spend their btc and pay very high fees. Want cheap fees? Want cheap btc? Time is coming. 36k soon.

I think you are optimistic about the dip going that low.

set a ladder of buys in at

42k
41k
40k
39k
38k

[LogitechMouse]

Btc had been nicely being accumulated but all the mess that had been created by Elon and other institutions that are selling their btc in the markets shows how dangerous can it be when institutions create panic in the markets. No, don't think that I am going to say it's the end of btc and crypto, it is not. They are just taking their profits till the areas where they can buy back more btc with their profits so cheap that the next cycle will break all limits for btc and it will reach $100k. As of now, btc should get to an area where it can not only be profitable to just traders, but to the spenders too who spend their btc and pay very high fees. Want cheap fees? Want cheap btc? Time is coming. 36k soon.

I saw this to happen already and for sure many people here seen this coming.
When institutions first came, it created a hype around the crypto market. Many investors are instantly buying Bitcoin and some other altcoins and even those newbie investors also bought. If they bought at the start of the hype then they might be at a profitable stage up to this date.

The problem is those who bought at the top or is that a problem.. or a lesson for them not to buy at the top and learn to read the charts. In reality, corrections like this are inevitable and we've seen this things already. 2018 year of hell and the 2020 pandemic crash are just 2 of the events that I saw but throughout the past, there are many times that Bitcoin made a huge correction but still ended up going upwards after it.

Its just sad for me that I didn't took some profit at the peak for some reasons . Some are saying that the bull run isn't ending at least this quarter and they are saying that at the 3rd or 4th quarter it will end. You see Bitcoin going to 36k? I'm waiting for the 30k . Either way if you are an optimist or a contrarian then take this opportunity to buy Bitcoin at a lower price.

[philipma1957]

Btc had been nicely being accumulated but all the mess that had been created by Elon and other institutions that are selling their btc in the markets shows how dangerous can it be when institutions create panic in the markets. No, don't think that I am going to say it's the end of btc and crypto, it is not. They are just taking their profits till the areas where they can buy back more btc with their profits so cheap that the next cycle will break all limits for btc and it will reach $100k. As of now, btc should get to an area where it can not only be profitable to just traders, but to the spenders too who spend their btc and pay very high fees. Want cheap fees? Want cheap btc? Time is coming. 36k soon.

I saw this to happen already and for sure many people here seen this coming.
When institutions first came, it created a hype around the crypto market. Many investors are instantly buying Bitcoin and some other altcoins and even those newbie investors also bought. If they bought at the start of the hype then they might be at a profitable stage up to this date.

The problem is those who bought at the top or is that a problem.. or a lesson for them not to buy at the top and learn to read the charts. In reality, corrections like this are inevitable and we've seen this things already. 2018 year of hell and the 2020 pandemic crash are just 2 of the events that I saw but throughout the past, there are many times that Bitcoin made a huge correction but still ended up going upwards after it.

Its just sad for me that I didn't took some profit at the peak for some reasons . Some are saying that the bull run isn't ending at least this quarter and they are saying that at the 3rd or 4th quarter it will end. You see Bitcoin going to 36k? I'm waiting for the 30k . Either way if you are an optimist or a contrarian then take this opportunity to buy Bitcoin at a lower price.

Since I set my descending ladder at
42
41
40
39
38

we have gone upwards and are now around 45k

cheap buys are gone

correction is over.

back 🆙

a bit annoyed as I did not get down to 40 or 39

I did get some at 45 ,44 ,43

the cheap sale is done till feb or march.

[adaseb]

Unless we go below $35K I think we are still in a bull market however any terrority where we lose 40-50% from ATH, then I would look and maybe take profits on a bounce if that happens. So if we go down to like $32K and top is $64K, the 50% bounce would be like $48K where would be a good place to take some partial profits in case the bear market is actually starting.

I think this is the flush we needed. Way too many people made money. Look at all those who became millionaires with their Doge investments or NFT or DeFI or even those free airdrops. This obviously wasn't going to go on forever. So hopefully $40K holds and in a few months we will revisit ATH.

[traderethereum]

If there is a big correction coming, I am sure there will be a huge increase after that moment because bitcoin and other coins will be like that from a long time ago.
Maybe the whales already sell their bitcoin at a high price before.
They are waiting for the huge correction to buy back Bitcoin at a low price because they want to make more profit.
Maybe the price will go below $40k this month but there is no right sign where the bitcoin price will go down.
We can just prepare for the coming and get ready to buy more bitcoin or you can try to buy low and sell high this moment so you can add more profit while you are waiting for the huge correction.

[jrrsparkles]

Another interesting tweet from Elon Musk to end all the speculations regarding dumping the bitcoin, I didn't see it personally on twitter but saw it on crypto news sites that Elon Musk was against bitcoin energy consumption but his company is still holding all those bitcoin which they bough for $1.5 billion earlier this year. Means now the investors will be back to the bitcoins right?

[Wexnident]

Musk noises are just there for a bit, it shouldn't last long. They'd probably be back once they start selling off the BTC that Tesla and Musk himself has, since afaik they haven't sold theirs yet. After that, well, they can stay in their Dogecoin world. Changes are bound to happen though. As much as people want to ignore what Musk said, some investors are rather reliant on his opinions, and would probably initiate a small dump or so that could affect the market in the next few weeks. Nothing serious imo though, the market has been through worse.