Topic: Short term corrections could be detrimental. (Read 313 times)

It happened on the approach of the post-ETF retail trend, which was the main reason for the short-term correction. This is normal, and I guess this $40k resistance is still optimistic. In the long term, this price is important acceptance. It shows the momentum before the Halving and the price increase afterward

Altcoin investors and collectors wouldn't stop, most people would take the risks of investing in a lot of new altcoins that they might think have great potential because newly launched coins and tokens can sometimes provide great returns when compared to old and existing cryptocurrencies. However, when it comes to the trust and safety of funds, I think it's much better to choose the safest way and invest in cryptocurrencies that are trusted by the community to avoid any problems.

In my opinion, the best time to buy altcoins was when Bitcoin was around $32k or even better when it was around $26k from where it jumped straight to $37k in no time. Those who bought during that phase, must have earned good profit already when Bitcoin touched $48k earlier this month.

Some are afraid because they are worried that if the ETF is rejected, the market will make a very high price reversal.
but in the long term in reality it is just fud for btc, in fact the increase in btc will continue to occur every season and the decline is caused by fud to correct first before increasing higher than before.

You have said it well and the concluded part where halving will push the price of the market higher is a very good one, so any which way the ETF drive the market, the halving will pick it from there to resuscitate the coin. The ETF was too pricy in its effect with Bitcoin and it was not nice at all when the approval eventually came and Bitcoin was seen selling. The selling continues all the same, but it would have been worse if the ETF fillings were rejected, maybe Bitcoin would have hit $35,000 or lower this time. As it is now, I hope that the market can stabilise at a support level. It has hit my first support at $40,243. The market reached the level yesterday and rebounded sharply to above $41,000 immediately after hitting the level, but has moved lower again after a while.

The level and $40,000 psychology level will be the market determinants for now, and if the two are successfully breached low, Bitcoin can continue to sell massively downwards. But in all, this is the pre-having effect we are seeing, the halving will come and the post-halving effect might be quite opposite to this in such a way that Bitcoin will be spiking higher so much in the short time possible. But I hope everything goes well with no disappointment happening, especially due to the manner in which halving itself is being hyped by people. If it moves higher but at a point ceases and creates a bearish pattern, the market might backfire on the plan of people.

I'm also thinking the same, or at least that's what I learn from those members who gave us their TA, that there will be one leg down before the halving before we can see an uptrend. So maybe this is it, from $47k then to almost $40k, now we are back to $42k.

Or perhaps there will still be one coming in the next coming months as we get closer to April. Obviously there will be demand from institutions, maybe they are just playing their cards right now with the approval of ETF. But news says that BlackRock has put so much money already and most likely to continue accumulating.

A very obvious way on how to manipulate a market on which it is really just that normal that you would really be having those kind of doubts on making your next entry because of those manipulative acts
on which tons of people are really that having those doubts on entering the market due to this kind of behavior on which it isnt really something that acceptable but since we dont really have choice
then we do really need to deal with it. It is really that something that even on traditional markets are really that happening. Big players would really be always be having the advantage and this is why
as a retail trader or investor then you should really know on how to go with the flow or making out decisions which it would really be getting in line with theirs.

Yes, it wont be that easy but having that counter trend kind like of mindset then it would really be that also hard. So outcome and profitability will really be
that determining on how well you would really be making out such decision towards your position because not all would really be that good when it comes to this.
There are ones who are really that being too impulsive when they do see those FUDs and negative prices or value.

We have seen something quite deranged yesterday as well. The "SEC twitter account was hacked" doesn't feel like that is actually a thing to me, I feel like some people in the SEC got the approval to share that tweet, and some people had their hands on long and short.

So when that was shared, someone in the SEC knew that it would be shared, and opened a long position, made some insane money, then sold and used that money to short and then they shared "it was hacked" information, so it crashed. Some people who are in the know made some insane amount of money from it. I believe that is the reality, some people may not agree with me, some people may think it was all legit and nothing was wrong, but I find those people naïve if they think this was all a mistake.

All investors have their own targets in making decisions, including selling when they see Bitcoin ETF news which can create a temporary sharp increase in the market. Because they can buy Bitcoin again when there is a price correction after selling at a high price to make long-term decisions again to wait for a bigger increase through moments such as the halving or after it next year. So as long as it's a profit, I don't think there's anything wrong with investors doing something that can make them profit.

I would like to think that one last liquidation will come into play before the gradual, choppy uptrend toward and throughout the having. There are also mixed opinions as to how the ETF will actually reflect the demand for Bitcoin within them, whether institutions will buy the Bitcoin (and when) to back the demand from the ETFs, and if the contracts will reflect the correct prices. I've been doing a lot of thinking of this and will share my thoughts soon.

Short term corrections however, shouldn't waver any true holder. Volatility is not unusual for Bitcoin or cryptocurrency. Letting volatility rule will never end well.

I chose the tactics of long-term investments. Now I don’t care much about what’s happening on the market, whenever possible I just strengthen my portfolio with bitcoins and wait for the halving first, there will be a correction, and more than one in these 3-4 months, so there’s definitely no need to worry. But those who are in altcoins should be nervous because they will be attacked much more strongly than the main assets.

This is indeed a great opportunity for short term investors to take quick profit but as there was so much of hype about ETF approval and finally it has happened so there would be equal amount of FOMO as well which will stop some of them from selling out because of upcoming halving as sometimes price can fluctuate so quickly that we will not be able to catch up with the price and end up regretting like I did when I sold SOL around $25. Smart investors can quickly sell around $48K and try buying back at a lesser amount.

But, yeah the long term investors won't bother about this.

This ETF approval is only the beginning and the real increase will still be awaited when the Halving occurs and after that the real bullishness will really occur. Bitcoin spot ETFs have a good impact when they are approved but will have a very bad impact when they are all rejected. It is good news today that ETFs are approved and allow short-term investors to take profits faster.

Yeah we are going to see some positive movement in the bitcoin market in the coming days, and since the success of the bitcoin ETF have already been achieved with the new of the approval today, we are going to be seeing some heavy buy pressure for bitcoin and at some point we may likely see up to 50k price correction before the coming bitcoin halving which is going to usher in a new phased for the market.

Many bitcoin holders are already anticipating a new all time high much more than the presumed heavy correction that some speculators are forecasting.

Only short term investors are waiting for this approval so that they can take their profit when bitcoin price moves up as a result of the news. Long term holders are still waiting for the real bull run to come before they will sell and not the news hype that will make the market rise for short term and still goes back to its normal trend level. Long term holders knows what’s ahead and they’re prepared for it and not carried away by the approval of the spot bitcoin ETF.

I think there is no legitimate announcement yet if ETF is going to be approved or declined, but many are too optimistic about its approval this year. Even so, it is still early to say that the price will soar really high. We should keep in mind that in the BTC market anything is possible including a dump in price despite of the positive events that came out or vice versa. Same goes after the halving.

It may take a long time for us to an all-time high in BTC and other cryptos. But isn't that great? Because, it's a real test to see if who is the true strong hodler here. Those are the only ones who deserve to get compensated by a massive amount of profit and not the weak ones.

BTC as it is, has yet to reach the ATH many have predicted to come, but the ETF approval is one that is sure to effect the market somehow by it's acceptance or rejection or postponement.

To stay positive and HoDL for those with very big assets and with the possibility to diversify the portfolio, is one idea that may pop up and then an investor may decide to move some funds elsewhere because of these speculated events to come.
 One of the fact that is dangerously true is that old investors may miss out more on the profit from the bullish market season which may even begin before the halving, and because of this fear that make many want to make corrections to their portfolio holdings, they would consider selling off rather than buy and HoDL now, and also they would invest in other cryptocurrencies that's not Bitcoin.
These changes although short term, may have lasting impressions on the HODLings or investment portfolio of individual investors.

This might be that not correlated or bit off topic but seems these things are connected.

Player 'Gary Gensler' timing $BTC volatility with perfection on 1,000x leverage
Linkc source

This hit is on Rollbit. Coincidence? Feels like that player do know on what would happen and having that 1000x leverage. Woah!
Market manipulation at its finest, sooner or later which these news or events wont really be that easily be believed on.
X.com made out some investigation but it seems that it was really that a real exploit or being hacked.  Really that hard to believe imho.

This is what I concluded today too. It seems like the market manipulators are getting ready to take a big profit out of the market one way or another. If ETF is approved they'll try to "pump" bitcoin (so to speak) and take the profit that way and if it is not they will dump it by shorting it hard to make profit in a different way.
Either way, we are in for a short but volatile period soon.

P.S. There is a way their plans could fail which is if SEC postpones its decision like they always do, enough for the market to naturally enter the bull run so that their manipulation becomes ineffective (eg. shorting in case of rejection will only lead to their loss).

I do also believe that we will be seeing the maximum growth of the halving effect in at least 18 months
but I also believe that we need to maximize our profit in different way and that is to sell our coins when its in the top
and sell them when its dumping , maybe that is a different approach than Holding but at least we can gain more in the
coming bull market.

Exactly, as you've already said, that's what bitcoin has been doing ever since with the correction. People's still don't get used to it though, I guess the sudden change in prices is still as surprising as the first time that we've experienced it but hopefully along the way, we learn that if this happens, we just need to have some spare money to put into bitcoin so we don't get left out in these opportunities.