02-23-2021, 02:51 AM
Why corrections are a good thing for the bull market
<!-- SC_OFF --><div class="md"><p>Zoom out the 90d graph. Yeah, that's a tiny dip compared to the huge gains we've made.</p> <p>Corrections are healthy, just breathers for the bull market. We're still up 178% at the time of writing for bitcoin in the 90d. Bursting of local bubbles allow new investors to realize that crypto doesn't go straight up and make smarter investing decisions. Crashes however are bad as it signifies the end of the bull market, because it's when the general sentiment think BTC is overvalued and serves as a bigger wakeup call for panic selling, that would still accrue big gains for longtime HODLers. BTC is far from overvalued.</p> <p>Buy the dip, stop checking the portfolios for a bit. Be happy it happened.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Iiau_"> /u/Iiau_ </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lpoj11/why_corrections_are_a_good_thing_for_the_bull/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lpoj11/why_corrections_are_a_good_thing_for_the_bull/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Zoom out the 90d graph. Yeah, that's a tiny dip compared to the huge gains we've made.</p> <p>Corrections are healthy, just breathers for the bull market. We're still up 178% at the time of writing for bitcoin in the 90d. Bursting of local bubbles allow new investors to realize that crypto doesn't go straight up and make smarter investing decisions. Crashes however are bad as it signifies the end of the bull market, because it's when the general sentiment think BTC is overvalued and serves as a bigger wakeup call for panic selling, that would still accrue big gains for longtime HODLers. BTC is far from overvalued.</p> <p>Buy the dip, stop checking the portfolios for a bit. Be happy it happened.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Iiau_"> /u/Iiau_ </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lpoj11/why_corrections_are_a_good_thing_for_the_bull/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lpoj11/why_corrections_are_a_good_thing_for_the_bull/">[comments]</a></span>Kind Regards R