I know it's disappointing to see Bitcoin pull back and lose some of the gains it has made in recent days, yet some are freaking out again at a 3% drop. Why? Relax and chill your boots it's all part of the pre-season ride in my humble opinion. It doesn't mean the bull isn't on the way. And here's something to console yourselves, take a look at the BTC graph below.
(TradingView.com, 2/10/24)
Yes, that's right this time last year Bitcoin was trading at $27,760 and look where it is right now. It's good to remind yourself of this impressive performance. Bitcoin has more than doubled since last year and do you really think it's done climbing? No chance. Bitcoin can be a tease and it's giving us a taste of that right now.
Of course it's irritating, and to some worrying, to see Bitcoin and the alts take a hit but it's only temporary. Just take a look at the bullish bearish sentiment index on CoinMarketCap and you will see the bullish sentiment gaining even more strength, up 1% on a few days ago.
What with the Federal Reserve cutting interest rates a few weeks ago, a continuing slowdown in inflation, potentially more Federal Reserve rate cuts and a possible crypto friendly incoming US president, things are, as the Yanks would say, looking pretty swell for the cryptosphere.
Peace!
Greetings @peaceandmoney ,
Thank you for reminding us.... ^__^
It is true we sigh indeed...hehe ..at every correction.
Kind Regards,
Bleujay
NB Received the first commentrewarder payout from your post...thank you!
Hello @bleujay, that is indeed wonderful news. However, I am very angry with myself as I have just published my latest post but I have forgotten again to add in the beneficiary, this is starting to annoy me. Can I ask you or @commentrewarder or @acidyo can you not add the beneficiary after you have published the post? It really annoys me that I can't change the setting. Is there not another way?
Oh...surely there is some way....perhaps one of them will respond...I do hope so.
It was the China Media post that I received the Commentrewarder...the reason I mentioned it is because I thought you did not have it set up at that time. Oh..okay it was set up...the indicator is on the post....Apologies for not looking first.
Hoping for the best.
Bleujay
I saw a meme of a guy sleeping on a roller coaster to show how people who have been around BTC for over 2 bull runs behave.
It’s how I feel…. I just buy more when peeps are afraid 😱
Not enough blood and tears to lick off the streets currently 😎🤣
Ha! Yes you need some nerves of steel in this game but once you know the drill you know the drill! Dips always have a sunny side!
I'm waiting for the bank collapse to load up.
They will be forced sellers in their bankruptcies.
All of them operate on leverage.
When the first failure to deliver occurs, it's a house of cards.
You seen this yet?
I've seen 10 years of the sky is falling, I can link you to people that saw it 60+ years ago, it's not that the sky won't fall, just that it won't fall until it is ready.
Hoard your coins.
Buy precious metals, if you can.
Hoard some food, secretly.
Give it all to your kids, if you have to.
But, I'm gonna take a nap until the bombs go off somewhere near me.
No need to get excited until they are within rifle range.
So when do you think the sky will be ready to fall?
Not until the derivatives fail to deliver.
That could happen at any moment.
Probably not before silver gets over 50usd.
But, like I said, some folks have been waiting more than 60 years.
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