Is BTC correcting any more?
In my opinion, there will be many more times!
Pull the chart back to last season and see, from ~20k to 69k is not a straight line. There are ~20% corrections, but then it will go up again, and usually the next bottom will be higher than the previous one.
If you enter this market and don't believe in cycles, it's best for me to advise you guys. But if your hands are weak, your head will be tired. If you don't have a steady hand, you will lose money unfairly.
If I'm red, I'll buy stronger. What a chance. Last time I didn't have enough money to buy at low prices, but this time I'm glad to see a decrease, because the average price is better.
I also hope that btc will increase but not in the short term. I think at least this situation will last until near the end of the year before pumping strongly.
Should remember:
- Don't bring red and black mentality into investing
- DCA is a really good strategy
- Always leave USD to wait for opportunities, do not go all in
- Whatever goes up also comes down
- The market always gives you many surprises
Wishing you guys a steady hand - make a lot of money!
