Bitcoin’s Slide Below $40K Amid FTX Liquidation and ETF Turmoil

[BITCOIN4X]

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something that usually happens in bitcoin, and I agree with what you say. That is the kind of movement that has been favored for bitcoin, looking for loopholes to get what he wants as best as possible. Everything will return to its original state, and this is a momentary and common panic.that usually occurs and always makes smart people take advantage of it. CMIIW

Yes, experienced investors will take advantage of it, while others will panic and sell at a loss. When selling pressure increases, prices will be corrected and this happens because purchasing power that is not balanced with selling pressure. Grayscale was the mastermind behind the correction, but today we can see bitcoin have recover above $43k.

Over time, the price of bitcoin will recover to its original position. Right now I can expect $45k to be tested and broken this February, so I wouldn't worry too much about that short term volatility. If you have a spare budget, start buying and accumulate, it will get you more returns in the long term.

[Dave1]

~Snip

something that usually happens in bitcoin, and I agree with what you say. That is the kind of movement that has been favored for bitcoin, looking for loopholes to get what he wants as best as possible. Everything will return to its original state, and this is a momentary and common panic.that usually occurs and always makes smart people take advantage of it. CMIIW

Yes, experienced investors will take advantage of it, while others will panic and sell at a loss. When selling pressure increases, prices will be corrected and this happens because purchasing power that is not balanced with selling pressure. Grayscale was the mastermind behind the correction, but today we can see bitcoin have recover above $43k.

It's cyclical for newbies investors and then they become the experience one and then new investors come back need to learn not to panic when prices goes down but to remain vigilant and hold on their bitcoin, simply as that.

Over time, the price of bitcoin will recover to its original position. Right now I can expect $45k to be tested and broken this February, so I wouldn't worry too much about that short term volatility. If you have a spare budget, start buying and accumulate, it will get you more returns in the long term.

We have recovered already as you can see with the price going to $43k. And who knows, we still at the first week of February and we might test $45k again and retain and have the momentum to end the year at $50k.

[yohananaomi]

~Snip

something that usually happens in bitcoin, and I agree with what you say. That is the kind of movement that has been favored for bitcoin, looking for loopholes to get what he wants as best as possible. Everything will return to its original state, and this is a momentary and common panic.that usually occurs and always makes smart people take advantage of it. CMIIW

Yes, experienced investors will take advantage of it, while others will panic and sell at a loss. When selling pressure increases, prices will be corrected and this happens because purchasing power that is not balanced with selling pressure. Grayscale was the mastermind behind the correction, but today we can see bitcoin have recover above $43k.

It's cyclical for newbies investors and then they become the experience one and then new investors come back need to learn not to panic when prices goes down but to remain vigilant and hold on their bitcoin, simply as that.

I agree, everyone will experience it for the first time, but some can anticipate it well, but some can't, and that's common among novice investors, but gradually everyone can control themselves due to increased experience and knowledge from the information received.Indeed, panic is a bad action, but sometimes it cannot be controlled unless you continue to anticipate it. Always continue to learn and expand your knowledge.

[adaseb]

I think what scared off most people when we dipped below $40K was the Ftx selling and they didn’t know how much more they would sell and it was also the constant GBTC selling of $500M daily.

Ever since this number declined bitcoins price stopped declining and traded sideways at first and then it started to appreciate.

Now we got almost $500M in positive flows and I expect the $50K area to get tested again this week as long as stock market is booming.