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Author Topic: Are we in a crypto bubble? Is a possible correction coming soon?  (Read 196 times)
Kemarit
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March 02, 2024, 09:52:35 PM
 #21

I've been half expecting the market to dip and calm the hell down since back 50k. Seeing as it's in no way doing that, or any of the dips that did happen are rather insignificant since it just pumps right back up, hardly doubt we'd be seeing a correction anytime soon. Maybe at least till we hit ATH? I think most people are having the FOMO feels right now due to how much the market has pumped up in the past month or so. If we somehow breakthrough above 70k though then I don't really expect any correction coming anytime sooner.

We have been threading the needle at $62,000 and just like you, we thought that we will have a correction, but nothing has happened so far or at least the bulls doesn't want that as the market is in FOMO mode since last month and has never stop.

And with that kind of mindset and sentiment, this bubble might continue and will not stop until we hit new all time high before the halving?

What's important though is that even if we break $70,000, no one is going to sell. I mean, yeah why not, take profits, but if you are looking for more, then why wait and have the patience to see it get to at least 6 digits, IMHO.

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March 02, 2024, 09:58:50 PM
 #22

I've been half expecting the market to dip and calm the hell down since back 50k. Seeing as it's in no way doing that, or any of the dips that did happen are rather insignificant since it just pumps right back up, hardly doubt we'd be seeing a correction anytime soon. Maybe at least till we hit ATH? I think most people are having the FOMO feels right now due to how much the market has pumped up in the past month or so. If we somehow breakthrough above 70k though then I don't really expect any correction coming anytime sooner.

We have been threading the needle at $62,000 and just like you, we thought that we will have a correction, but nothing has happened so far or at least the bulls doesn't want that as the market is in FOMO mode since last month and has never stop.

And with that kind of mindset and sentiment, this bubble might continue and will not stop until we hit new all time high before the halving?

What's important though is that even if we break $70,000, no one is going to sell. I mean, yeah why not, take profits, but if you are looking for more, then why wait and have the patience to see it get to at least 6 digits, IMHO.
Its still early to say that we might not face some price correction throughout the process. I still have this feeling that any moment from now we will experience some price decline so we better get ready for it and hold tight to our bitcoin. However, we aren’t in full control of the market but if FOMO gets high these days, I guess the market won’t allow some price correction as of this moment but eventually, it will still come into possibility later on.

There is still a big bubble in the market and we kinda like it. My point is no matter how far this will be going to happen, at least we should still hold on to our bitcoin and just sell only when the final bull run is here.
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