Bitcoin Correction: Is Accumulation Starting?

[Tonimez]

You are right, investing now will be very good because the price is still down compare to where it was before now and there will be an advantage for someone who  has short term target because if the person invest now by the time Bitcoin will go up to it's formal high the person will be in profit but that doesn't still mean that someone who is unable to invest now can not invest again off cause they can but the person who invest now can take profit when the price appreciate but I will recommend for long term holding.

How confident are you that Bitcoin will reach an ATH or at least the highest price in a short time? Although it might be possible for someone to make a profit with a short-term investment plan, I would never recommend it. The market is still unpredictable and we don’t know when it will shift to a bullish trend. The current price is certainly reasonable for accumulating Bitcoin, but maybe not for a short-term plan.

If anyone is doing investment on Bitcoin should go for long term plan because when you go on short time the profit the investor could be expecting would be very low and hence may not recover what he may planned to gain through that investment. Anyone who is desperate of having quick profits can actually go for altcoin but the volatility of altcoin could be much because at this point the market is not stable which could case serious panicked among investors and traders.

Is this not a wrong advice to a beginner? There's no good reason to choose Altcoins over bitcoin at anytime because what seems to be profitable can be all loss when you invest in it. Bitcoin is a better option because one has a good hope that there's higher chances to succeed in the future than to fail unlike altcoins (shitcoins) where you can loose your money at anytime. If a person can not exercise patience with bitcoin and decides to go into altcoins, how sure is he that he will make the profit he is chasing? It is better to stick to Bitcoin and forget whatever greed that will lead you into stacking shitcoins and waking up someday to count your losses.

As the market is unstable now for bitcoin, so is the market for altcoins or altcoins could be worse. The entire market is red but the difference is that there's a good assurance that bitcoin will bounce back unlike most altcoins that may never regain its strength again.

[Mayor of ogba]

What do you think?

Is Bitcoin currently in an accumulation phase, or will there be another large drop before the next bullish wave starts?

Bitcoin is an asset that's difficult to predict but for it not to dip further and be hovering around $60k shows that a lot of paper hands has sold their bitcoin at of fear, so I believe there won't be another large drop before the next bullish wave starts unless a whale decides to his or her bitcoin and dump the market, and as for whether bitcoin is currently in an accumulate phase, if you are a long term investor bitcoin is always in an accumulate phase because you aren't concerned about the prices of bitcoin when you are accumulating bitcoin because this current price of bitcoin might be the lowest price bitcoin might go, as for short term investor, I don't think now is the right time to enter the market since the bitcoin price isn't dipping further and it's not increasing too at the moment, you may enter the market and bitcoin might drop or increase its a two ways thing and a gamble for you.

[Cheema02]

Bitcoin is an asset that's difficult to predict but for it not to dip further and be hovering around $60k shows that a lot of paper hands has sold their bitcoin at of fear, so I believe there won't be another large drop before the next bullish wave starts unless a whale decides to his or her bitcoin and dump the market, and as for whether bitcoin is currently in an accumulate phase, if you are a long term investor bitcoin is always in an accumulate phase because you aren't concerned about the prices of bitcoin when you are accumulating bitcoin because this current price of bitcoin might be the lowest price bitcoin might go, as for short term investor, I don't think now is the right time to enter the market since the bitcoin price isn't dipping further and it's not increasing too at the moment, you may enter the market and bitcoin might drop or increase its a two ways thing and a gamble for you.

MicroStrategy is currently selling a bunch of bitcoins in batches, they have one sell-off scheduled in the next few days if I'm not wrong, and they might not be the only ones from the industrial investors who are planning to sell, some other companies and holders might decide they want to sell, because they might be anticipating a dip and they know if the price dips and they buy at that price, and then hold until it reaches $200k or something, they are going to make pretty good profits. So we can't really know whether the market will actually dip further or not, and we also can't know if whales will plan to do some more manipulation or not, so only time will tell.

About investors, I'm pretty sure that those who are into the DCA method, they must have already started buying, because it doesn't make any sense for them to wait for a further dip, and the price has already once dipped towards $58k, so that was also a good DCA opportunity. However, those who are still waiting for a better price to make their purchases because they are one time buyers, they might actually get another opportunity to fill their bags, because I can't imagine this being the bottom of this cycle when we have so much time left for the halving to occur.

[Mate2237]

There is no doubt that this dip has shown that people can actually hold on to their holdings, one of the best thing dips like this creates is that expose those who are just there for quick profit. And so when ever there is a fall in price such people are bound to exiting the market. Indications has shown that there is more people who are now more willing to holding on to their assets despite the sharp drop in price which has impacted the market in different ways depending on the individual who is investing.


This only shows that we are gradually moving towards a more experience and matured investors, who are no longer giving much attention to what happening in the market. Such investors are more focused and relaxed and only concerned themselves with the future of Bitcoin not what they are seeing temporarily. We are gradually getting to a point where only investors who are mentally ready will be ready to invest and this is actually good for the Bitcoin market, as the weak hands are leaving.

[Hazink]

The market can dip at anytime and that is why we need to be prepared for anything that can happen in the market at anytime.
I don't know what will be the fate of traders from now to August but it's not something we need to panic about.
Price will frequently disagree with our analysis which means a lot to every traders out there that are looking for ways to become profitable and make money from the crypto market. It has become somehow hard these days to make money from the market due to the way the price of Bitcoin has been moving up and down like a car without direction.

Day traders, most of them were probably disappointed with the way the market moved and ended last month, and now it's a new month, reading charts and predicting the future market is okay, but putting so much confidence in that is where the problem always arises from. If they can practice with caution, then there will be lesser problem for them to worry about no matter how dip the market goes before bouncing back up.

[puloweh555]

The market offers more buying opportunity and with the way the market is going, I believe the chances of it dipping more is there . However, The issue of whether bitcoin is in accumulation phase or not depends on the investor because for those that will be holding for a long term they can buy bitcoin at any price without being bothered of whether it is bearish season or not.

The market can dip at anytime and that is why we need to be prepared for anything that can happen in the market at anytime.
I don't know what will be the fate of traders from now to August but it's not something we need to panic about.
Price will frequently disagree with our analysis which means a lot to every traders out there that are looking for ways to become profitable and make money from the crypto market. It has become somehow hard these days to make money from the market due to the way the price of Bitcoin has been moving up and down like a car without direction.

This is the importance of setting goals when investing in Bitcoin. For long term holders any price can be an accumulation opportunity, and even a further drop can be an opportunity to continue accumulating Bitcoin at a low price. Therefore, it can be said that Bitcoin's current volatility makes trading difficult, especially as the market can drop at any time, requiring traders to be prepared and avoid panic.

If our goal is to buy Bitcoin for the long term, the current price shouldn't cause panic. Considering Bitcoin historical cycles, Bitcoin can drop up to 70% after reaching its ATH. Similarly, if we compare the last ATH to the current price Bitcoin has already dropped 50%, so the potential for further decline is certainly present, considering every pattern. Therefore, I believe now is the right time to accumulate and hold until the next cycle.

[johnsaributua]

...

Day traders, most of them were probably disappointed with the way the market moved and ended last month, and now it's a new month, reading charts and predicting the future market is okay, but putting so much confidence in that is where the problem always arises from. If they can practice with caution, then there will be lesser problem for them to worry about no matter how dip the market goes before bouncing back up.

Disappointment may stem from placing too much hope in their Bitcoin accumulation. When market movements don't meet their expectations, they inevitably experience disappointment as the market movement didn't go as they had anticipated. Their goal in purchasing Bitcoin was simply to make a profit.

Therefore, accumulating isn't a problem now instead they should aim to increase their assets for the future. If they were solely focused on profit, they would have already set expectations. If they had simply made the purchase as savings, they wouldn't have experienced such profound disappointment.
This is a common occurrence, especially given the unpredictable nature of market conditions. I believe it's better to simply invest in savings for the future, sometimes without considering market conditions, even though we've already accumulated a substantial amount of assets by regularly purchasing whenever we have the appropriate amount to accumulate Bitcoin.

[Ishicryptic]

The market can dip at anytime and that is why we need to be prepared for anything that can happen in the market at anytime.
I don't know what will be the fate of traders from now to August but it's not something we need to panic about.
Price will frequently disagree with our analysis which means a lot to every traders out there that are looking for ways to become profitable and make money from the crypto market. It has become somehow hard these days to make money from the market due to the way the price of Bitcoin has been moving up and down like a car without direction.

Day traders, most of them were probably disappointed with the way the market moved and ended last month, and now it's a new month, reading charts and predicting the future market is okay, but putting so much confidence in that is where the problem always arises from. If they can practice with caution, then there will be lesser problem for them to worry about no matter how dip the market goes before bouncing back up.

Trading has never been easy, traders always worry about where the market fundamentals are headed next so it's nothing new especially in a bear run, now is surely not a good time for them to take profit, if you don't want to sell at a lose then you should just hold and wait like investors. This current market situation favors investors as dip always presents them good opportunities to accumulate as much as they can before the market trend will completely shift to bull run, holding gives more peace of mind than short term trading in this present market. Cryptocurrency market is very volatile therefore it shouldn't be for everybody, if you don't have what it takes to either be monitoring the market for an entry as a trader or you don't have the patience to hold for as long as it takes as an investor it is better that you don't come into the market.

[Comeacross]

Disappointment may stem from placing too much hope in their Bitcoin accumulation. When market movements don't meet their expectations, they inevitably experience disappointment as the market movement didn't go as they had anticipated. Their goal in purchasing Bitcoin was simply to make a profit.

Investing solely for profit is not ideally bad. Every investor is actually expecting profit and there's nothing wrong with it but the problem is when you're expecting the profit. If you set a target within a short term, you're likely to get disappointed because the price may not hit your target within that period. If your target is for a long term, nobody is guaranteeing you profit but the chances of you getting disappointed is very unlikely.  If their main priority is short time profit, they better shift to trading but that's where they may likely lose it all. Someone who's disappointed with this market condition knowing it is normal thing would obviously not be a good trader.

[OgNasty]

I started accumulating back in December to recover some of the coins I dumped at the top.  Still benefitting from that decision...

I think it is a good time to be buying now.  You might take a big loss in the coming few months, but it will recover and you'd be better off starting to buy here than waiting until after the recovery.  You won't want to miss buying the dip that we are in, even if you don't start at the absolute bottom.  Start nibbling now and if we do drop below $50K, get greedy.

[Ojima-ojo]

What do you think?

Is Bitcoin currently in an accumulation phase, or will there be another large drop before the next bullish wave starts?

Bitcoin is an asset that's difficult to predict but for it not to dip further and be hovering around $60k shows that a lot of paper hands has sold their bitcoin at of fear, so I believe there won't be another large drop before the next bullish wave starts unless a whale decides to his or her bitcoin and dump the market, and as for whether bitcoin is currently in an accumulate phase, if you are a long term investor bitcoin is always in an accumulate phase because you aren't concerned about the prices of bitcoin when you are accumulating bitcoin because this current price of bitcoin might be the lowest price bitcoin might go, as for short term investor, I don't think now is the right time to enter the market since the bitcoin price isn't dipping further and it's not increasing too at the moment, you may enter the market and bitcoin might drop or increase its a two ways thing and a gamble for you.

When market dip like this, is the most appropriate time to buy your bitcoin, if your intention is to hold your bitcoin for a long time, the advantage is that buying bitcoin at $60,000 + you are buying way below the price those that bought bitcoin when the price was in the $70,000 or more region before the market corrected back to the present market benchmark that we see as a resistance price right now.

[Emitdama]

Day traders, most of them were probably disappointed with the way the market moved and ended last month, and now it's a new month, reading charts and predicting the future market is okay, but putting so much confidence in that is where the problem always arises from. If they can practice with caution, then there will be lesser problem for them to worry about no matter how dip the market goes before bouncing back up.

Trading has never been easy, traders always worry about where the market fundamentals are headed next so it's nothing new especially in a bear run, now is surely not a good time for them to take profit, if you don't want to sell at a lose then you should just hold and wait like investors. This current market situation favors investors as dip always presents them good opportunities to accumulate as much as they can before the market trend will completely shift to bull run, holding gives more peace of mind than short term trading in this present market. Cryptocurrency market is very volatile therefore it shouldn't be for everybody, if you don't have what it takes to either be monitoring the market for an entry as a trader or you don't have the patience to hold for as long as it takes as an investor it is better that you don't come into the market.

If it were easy, we would all do it and be rich, and nobody would have a money problem. But considering money is finite (even though it is printed more), we can't all be rich at the same time, and that is why the market corrects itself by either making some earn more than others, or simply making some lose.

There is not a single method in the world where a poor person can become rich; nobody can make money easily; even billionaires do not make money easily; they have to follow some steps. So in reality, just opening p some account on binance and becoming rich is not something that can be replicated many times by everyone.

Sure, there could be some great traders who can be rich; there is no reason why you shouldn't be. You can make that happen. But that doesn't mean that we would all be rich; there is no way that could work. We need to realize how it could be very bad, and we need to make sure that we can make it work one way or another if we want to get rich. Studying and learning how to be a good trader is step one of becoming a good trader; you can't just go into trading and hope to be good. You are not going to be good that way, and without studying, you will lose. Then experience matters; the more you trade with the information and care about the analysis, the richer you will get with time.

[sotelorene]

What do you think?

Is Bitcoin currently in an accumulation phase, or will there be another large drop before the next bullish wave starts?

Bitcoin is an asset that's difficult to predict but for it not to dip further and be hovering around $60k shows that a lot of paper hands has sold their bitcoin at of fear, so I believe there won't be another large drop before the next bullish wave starts unless a whale decides to his or her bitcoin and dump the market, and as for whether bitcoin is currently in an accumulate phase, if you are a long term investor bitcoin is always in an accumulate phase because you aren't concerned about the prices of bitcoin when you are accumulating bitcoin because this current price of bitcoin might be the lowest price bitcoin might go, as for short term investor, I don't think now is the right time to enter the market since the bitcoin price isn't dipping further and it's not increasing too at the moment, you may enter the market and bitcoin might drop or increase its a two ways thing and a gamble for you.

When market dip like this, is the most appropriate time to buy your bitcoin, if your intention is to hold your bitcoin for a long time, the advantage is that buying bitcoin at $60,000 + you are buying way below the price those that bought bitcoin when the price was in the $70,000 or more region before the market corrected back to the present market benchmark that we see as a resistance price right now.

I think the reason some people don't invest or are scared of investing when the price is down is because they have this fear that the price might continue dipping without going up again especially when the drop or Dip is very sharp and strong ( I mean the market using few weeks or days to dip massively). But the truth is that Bitcoin has been doing this for a long time so we should not be scared since we are using our discretionary income to invest and yea holding for long time is the best and most preferable.

[kingstep]

What do you think?

Is Bitcoin currently in an accumulation phase, or will there be another large drop before the next bullish wave starts?

Bitcoin is an asset that's difficult to predict but for it not to dip further and be hovering around $60k shows that a lot of paper hands has sold their bitcoin at of fear, so I believe there won't be another large drop before the next bullish wave starts unless a whale decides to his or her bitcoin and dump the market, and as for whether bitcoin is currently in an accumulate phase, if you are a long term investor bitcoin is always in an accumulate phase because you aren't concerned about the prices of bitcoin when you are accumulating bitcoin because this current price of bitcoin might be the lowest price bitcoin might go, as for short term investor, I don't think now is the right time to enter the market since the bitcoin price isn't dipping further and it's not increasing too at the moment, you may enter the market and bitcoin might drop or increase its a two ways thing and a gamble for you.

When market dip like this, is the most appropriate time to buy your bitcoin, if your intention is to hold your bitcoin for a long time, the advantage is that buying bitcoin at $60,000 + you are buying way below the price those that bought bitcoin when the price was in the $70,000 or more region before the market corrected back to the present market benchmark that we see as a resistance price right now.

I choose to think that it should not be much of my concern what the price of bitcoin was at the time some investors got invested in bitcoin knowing that if i were invested at the time, i would probably still buy at same value. Every invested bought his own bitcoin stack at the price he met bitcoin stand wherever you saw bitcoin at the start of your investment, just leave it the way it is and continue thriving towards accumulating more chunk of bitcoin.

As long as you have not reached the goal you are looking at, regardless of wether bitcoin is experiencing correction or recovery. continuous buying is the way to go. there is no point in relenting.

[Odusko]

What do you think?

Is Bitcoin currently in an accumulation phase, or will there be another large drop before the next bullish wave starts?

Bitcoin is an asset that's difficult to predict but for it not to dip further and be hovering around $60k shows that a lot of paper hands has sold their bitcoin at of fear, so I believe there won't be another large drop before the next bullish wave starts unless a whale decides to his or her bitcoin and dump the market, and as for whether bitcoin is currently in an accumulate phase, if you are a long term investor bitcoin is always in an accumulate phase because you aren't concerned about the prices of bitcoin when you are accumulating bitcoin because this current price of bitcoin might be the lowest price bitcoin might go, as for short term investor, I don't think now is the right time to enter the market since the bitcoin price isn't dipping further and it's not increasing too at the moment, you may enter the market and bitcoin might drop or increase its a two ways thing and a gamble for you.

When market dip like this, is the most appropriate time to buy your bitcoin, if your intention is to hold your bitcoin for a long time, the advantage is that buying bitcoin at $60,000 + you are buying way below the price those that bought bitcoin when the price was in the $70,000 or more region before the market corrected back to the present market benchmark that we see as a resistance price right now.

I think the reason some people don't invest or are scared of investing when the price is down is because they have this fear that the price might continue dipping without going up again especially when the drop or Dip is very sharp and strong ( I mean the market using few weeks or days to dip massively). But the truth is that Bitcoin has been doing this for a long time so we should not be scared since we are using our discretionary income to invest and yea holding for long time is the best and most preferable.

Fear is not good for bitcoin investor who already know the risk of volatility of bitcoin, because when you re afraid of the next step and phase of the market, you will never take  actions that will and can earn you the desired profits, investment in bitcoin is not without a dip in market even if you bought at the lowest discounted price possible, is about patience and ability to wait for the right time to buy and sell understanding that drastic market movement can happen at any point in time.

[STT]

After being under the weekly average for about half a month its finally starting to emerge and might accumulate momentum but thats a maybe.   I hope BTC can aim for long term averages not just debate the lower prices continually.
   Round about 64k is the lows for the winter and spring start to this year, if we fail to trend above this level I would not expect gains to accumulate merely the back and forth we've already become accustomed to.  The wider market is positive sentiment and gains and also Dollar itself is down in strength which should be of assistance to BTC gains, just a case of seeing does it stick and give gains here also.

[LUCKMCFLY]

Fear is not good for bitcoin investor who already know the risk of volatility of bitcoin, because when you re afraid of the next step and phase of the market, you will never take  actions that will and can earn you the desired profits, investment in bitcoin is not without a dip in market even if you bought at the lowest discounted price possible, is about patience and ability to wait for the right time to buy and sell understanding that drastic market movement can happen at any point in time.

For now, feeling fear about what might happen in the market is normal, I think. We all know that Trump is having a huge influence on his actions against Iran, and that's causing panic among investors. Traders need to be more attentive to the market than ever before; a sudden change could wipe out the entire opportunity for those making medium-term trades.

I would say that traders should operate cautiously, keeping an eye on what's happening in the world, since the market is moving more due to the geopolitical situation than anything else. What can be done in the meantime? Dollar-cost averaging (DCA) for BTC is the safest option if we're unsure about market movements.

If there's a correction, what should you do immediately? Buy on that correction or dip, If you're already in the market, have your stop loss activated and wait, If you lose, accept it.

[dwyane36]

After being under the weekly average for about half a month its finally starting to emerge and might accumulate momentum but thats a maybe.   I hope BTC can aim for long term averages not just debate the lower prices continually.
   Round about 64k is the lows for the winter and spring start to this year, if we fail to trend above this level I would not expect gains to accumulate merely the back and forth we've already become accustomed to.  The wider market is positive sentiment and gains and also Dollar itself is down in strength which should be of assistance to BTC gains, just a case of seeing does it stick and give gains here also.

Given that the Fear & Greed Index has risen quite a bit over the past couple of months, yes, we can say that there is currently a somewhat positive sentiment in the market. In this regard, the situation is much better than it was at the beginning of summer and in February. However, I personally find it concerning that the bulls haven’t yet shown the necessary initiative to sustain the uptrend. I’d like to see a stronger rebound from the $57-60k range, rather than consolidation within a narrow range.

[Just Say]

If anyone is doing investment on Bitcoin should go for long term plan because when you go on short time the profit the investor could be expecting would be very low and hence may not recover what he may planned to gain through that investment. Anyone who is desperate of having quick profits can actually go for altcoin but the volatility of altcoin could be much because at this point the market is not stable which could case serious panicked among investors and traders.

Regardless of the price of Bitcoin, it is not advisable to make a profit in the short term after purchasing because, in my opinion, there is a possibility of making sufficient profit if you buy fractional amounts and hold this currency for a long time because just as the market is unstable for Bitcoin now, the market could be even more unstable for altcoins.

Actually you should note that a hardware wallet like a coldcard was hacked due to a firmware error that weakened the entropy of this wallet, which affected the entire cryptocurrency market, then the price of Bitcoin fell but the price of altcoins fell even more. During the fall due to this cold card wallet hack, many prudent investors were encouraged to buy BTC aggressively through their emergency funds, but the price drop may have exposed all those speculators who came to the market for short-term profits.

[STT]

It is better to accumulate some BTC before price even stops falling, you are invariably doing better then many who buy into the highest levels of hype when price already rose and created the headlines.
  
  In technical terms I don't think BTC is yet accumulating in any noticeable way, I want at very least the same as winter of 2017 when the lowest prices had a good gradual gradient over a few months, the peaks remained subdued though.   I'm not as certain of that this time, we had a blip down and blip back up and its been driftwood momentum ever since really.   I could hope for it resembling positive accumulation but its really not a clear trend imo so there's more fight ahead before actual momentum is recognizable and apparent.