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RE: [dtube] Bitcoin Prices are Falling - Here is what I think
Corrections like this prevent bubbles. We need corrections. Nothing goes up in a straight line. Be fearful when others are greedy and greedy when others are fearful. Buy the dips and you will be happy in 1 to 2 weeks.
Amen, everyone is quick to call it a crash. Corrections happen and are good for the market and for investors if they know what to look for. I try to tell anyone that asks me that most people that are yelling crash over social media are probably going to benefit by the panic. I encourage people to think like a big investor. What would they be doing right now? They are going to be buying cheap, especially if markets like this can be subject to such volatile swings.
Exactly! Plenty of "sales" right now.
The big question will be is when will the exponential recoveries end from these corrections? I wonder is sanity will actually hurt more than help these markets. Can a mean be established for these markets to return to or are they just a scatter plot and we have to find what and if there is a correlation between events.
Well, I don't think anyone will truly know the answer to that question. However, if you follow some of the posters here who do technical analysis, you will see that many of the dips hit prior resistant points and create new support points. Plus we are still relatively early, so there is bound to be more volatility. I'm sure that will change once things mature a bit in this crypto economy.