Topic: Bitcoin and Market Correction (Read 140 times)

yes right, because the fact is not as easy as sweet words. Maybe for new investors, the word profitable will be a motivation, but after the jump, not as expected. because, there is no safe way when you don't know what bitcoin in its entirety is.
and investors or new traders, always stuck with the name of big profits, without thinking about the risks. yes because the person who gave the information did not really tell the plus and minus points.
So it's no wonder that many investors just collapse because they often hear sweet words like the one he said above.

     Although it may prove to be true that bitcoin is a better choice when investing in crypto currencies, I think calling bitcoin as something as secured and reliable is quite an overstatement and quite misleading specially to new investors in this industry.

     But about the correction though, it has happened countless times to bitcoin that I have lost count and every time it happens the price just jumps back up and every time, the worth gets higher and higher as the community gets bigger. With this, lots of big names cannot help but turn their necks towards bitcoin and see what it really is about. After they do, they get hooked along with all the other big names that just jumped into this industry recently. Indeed, bitcoin has a bright future. But again, it isn't secured and reliable. At least not to the extent when you can just invest and never look at it ever again until you get the need to pull out.

The Bitcoin price has fallen once again to the level around $47,000

Macroeconomic environment depresses Bitcoin
Meanwhile, other factors also point to the prolongation of the correction. The Grayscale Bitcoin Trust (GBTC), supposedly one of the biggest drivers of the current bull market, is trading at a discount of -11.92%.

As to why this is, analysts currently seem to agree that the macroeconomic environment plays a significant role. Bitcoin’s correlation with the S&P500 recently rose to its highest level since the March 2020 crash.

Drop in crypto is large but it’s small adjusted by vol. Bitcoin has been relatively resilient. Issue with expecting much further downside in stocks is rates are the driver, and bonds are stretched here.

A bullish factor could continue to be institutions and large investors over the long term, as well as overall sentiment in the Bitcoin market. Lex Moskovski, CEO of Moskovski Capital, shared a chart showing that the illiquid supply of Bitcoin continues to increase.

Strong holders are ramping up their positions despite the sell-off. Bitcoin is holding up against the macro spectacularly well.

This is also supported by data from IntoTheBlock. According to the analytics firm, the total volume of large transactions (>$100,000) has increased over the past 7 days, reaching an on-chain volume of $173.16 billion, which IntoTheBlock says is a clear sign that institutions continue to buy BTC.

Bitcoin is ever secured and reliable.