We need a good correction bro, you cant always want the price drive up if the market doing that will be not a good condition.
My thoughts exactly, and I've been saying as much in other threads. Pullbacks/corrections are healthy when the market gets overheated like this. In any crazy bull market, people rush in to buy whatever it is that's on fire and they expect it to keep going up forever--and it never does. I would prefer that bitcoin not get to a price where all the fools rush in, because the rest of the long-term investors would be in trouble.
Bitcoin is at $6928 as I write this, so it's not in bubble territory yet. It would be great if the price could just stay right where it is for a few months and then resume its upward trajectory--and slowly. But of course the market doesn't care what I want and is going to do its own thing.
I don't see a problem to go back to $6k. I'm not saying I believe it will happen, but I wouldn't be surprised if it would.
I would not be disappointed in the least if bitcoin fell back to $6000. Hell, it was stuck in a tight range of around $3500 for many months, so you won't hear me complaining about a fall to $6k.
I'd rather have a steady slow continious increase than a bubble/burst like candle that will eventually fall even harder.
That's what I'm talking about. Unfortunately when bitcoin starts to skyrocket, it attracts new money--and not necessarily smart money, either. It would be very easy for the price to blow up to levels that just aren't sustainable, like in 2017.
