OK, full disclosure, I don't actually own a crystal ball.
The headline of my post is meant to underscore a very important phenomenon in all markets:
Before the market moves up, it will quite often see a large, FALSE move in the opposite direction.
This traps the most people on the 'wrong side' of the move.
Anyone remember what happened after China banned crypto-currency trading and Jamie Dimon called bitcoin a fraud?
Biggest leg up ever followed shortly after, catching most people other than the hardcore religious HODL-zealots completely off guard.
My point is, this doesn't feel like a normal correction. Feels more like the headfake move before the rocket takes off.
Obviously, I may be completely wrong but I'm definitely not selling anything in my portfolio..
Fileiro.
You're on to something. There is a lot of people on here that expected the price to go up immediately after Christmas, there is also a lot of Altcoins getting dumped now. The people that are holding Bitcoin will get their money later though the people that sold their coins will just get left out.The headline of my post is meant to underscore a very important phenomenon in all markets:
Before the market moves up, it will quite often see a large, FALSE move in the opposite direction.
This traps the most people on the 'wrong side' of the move.
Anyone remember what happened after China banned crypto-currency trading and Jamie Dimon called bitcoin a fraud?
Biggest leg up ever followed shortly after, catching most people other than the hardcore religious HODL-zealots completely off guard.
My point is, this doesn't feel like a normal correction. Feels more like the headfake move before the rocket takes off.
Obviously, I may be completely wrong but I'm definitely not selling anything in my portfolio..
Fileiro.
Honestly, I think that the some Governments are trying to purchase Bitcoin on the low.
Yes, absolutely. The Koreans stole a page right out of Jamie Dimon's playbook.
I hope this is the beginning of a bull run in altcoins that will match the one we saw in bitcoin last year
