I doubt newbies here understand why there was a 10%+ dip in BTC valuation over the last 24 - 48 hours resulting in panic selling.

Source URL: https://www.investopedia.com/terms/c/correction.asp

I suggest to go read up on stock correction:

- A correction is a decline of 10% or greater in the price of a security, asset, or a financial market.

- Corrections can last anywhere from days to months, or even longer.

- While damaging in the short term, a correction can be healthy, adjusting overvalued asset prices and providing buying opportunities.

On the flipside, Square has pumped another USD170 million into BTC recently. For those who are patient and hodl, we should see the candle sticks picking up again towards the USD60K mark in due time.

https://www.cnbc.com/2021/02/23/square-buys...of-bitcoin.html

I doubt newbies here understand why there was a 10%+ dip in BTC valuation over the last 24 - 48 hours resulting in panic selling.

Source URL: https://www.investopedia.com/terms/c/correction.asp

I suggest to go read up on stock correction:

- A correction is a decline of 10% or greater in the price of a security, asset, or a financial market.

- Corrections can last anywhere from days to months, or even longer.

- While damaging in the short term, a correction can be healthy, adjusting overvalued asset prices and providing buying opportunities.

On the flipside, Square has pumped another USD170 million into BTC recently. For those who are patient and hodl, we should see the candle sticks picking up again towards the USD60K mark in due time.

https://www.cnbc.com/2021/02/23/square-buys...of-bitcoin.html

can't blame the late comers for the panic though, cause they have the most to lose. Those ppl that have been hodling for so long doesn't lose that much

can't blame the late comers for the panic though, cause they have the most to lose. Those ppl that have been hodling for so long doesn't lose that much

.
You guys/gals missed this boat for greedy quick profits ala Tesla.? .......


https://www.thestar.com.my/business/busines...s33bil-windfall - 2021/02/24/US$43-mln-investment-turns-into-a-US$33bil-windfall
"NEW YORK: Veteran dealmaker Michael Klein and his partners have made a paper gain of nearly US$3.3 billion on their $43 million personal investment in the blank-check acquisition firm they are merging with luxury electric vehicle startup Lucid Motors Inc, according to Reuters calculations.

The gain, within just a few weeks, came from the meteoric rise in the shares of Klein's special purpose acquisition company, SPAC Churchill Capital IV Corp. It is by far the most striking example of a Wall Street insider benefiting from the amateur trading frenzy in shares such as GameStop Corp, sweeping the world of SPACs.

Many mom-and-pop investors bought Churchill Capital IV shares hoping for a quick gain, pushing Lucid's implied valuation from $11.75 billion at its nominal deal price to $56.3 billion at Tuesday's closing price.

But while the most lucky investors might have scored a gain of a few fold, Klein and his partners are sitting on a paper gain of more than 7,500%, based on shares in the SPAC they are entitled to.

They are restricted from cashing out for up to 18 months, and the stock could drop considerably within that period, especially if Lucid, which has yet to sell a single car, fails to meet its ambitious production targets. "
.

.
Imagine the bloodbath among the gullible Retail investors if Bitcoin price crashes from US$50,000 today back to about US$500, as in May 2016 - only 5 years ago.

Remember, the last Dow Jones Stock Market crash was in 2008. .......


.

It is not retail market player position now. It is Institutional Player.

People like Elon Musk, Cathie Wood, Black Rock, Microstrategy Inc and etc.

.
No ler. Institutional investors are the BIG Shark market manipulators out to hunt for the small fries gullible Retail investors, ie the former had likely bought thousands of bitcoins a few months ago(= July 2020 or earlier) at prices of < US$10,000, then slowly pump up the prices and have been slowly dumping their horde of Bitcoins  to the greedy n gullible latter at prices of > US$20,000.

Note that in April 2019, Bitcoin price was < US$5,000.
.

true, if u buy 1 btc at rm40k, btc drop from rm230k to rm170k u wil just chill and relax

but if someone buy 1 btc at rm230k and it drops to rm170k, sure will panic n 14th floor lol

.
No ler. Institutional investors are the BIG Shark market manipulators out to hunt for the small fries gullible Retail investors, ie the former had likely bought thousands of bitcoins a few months ago(= July 2020 or earlier) at prices of < US$10,000, then slowly pump up the prices and have been slowly dumping their horde of Bitcoins  to the greedy n gullible latter at prices of > US$20,000.

Note that in April 2019, Bitcoin price was < US$5,000.
.

What's your argument against gold being the longest pump and dump then?

true
holding since 8k.
totally no feel at all

now sudah naik balik 50k

.
No ler. Gold prices were "pumped" up or rose quite "fast" from about US$600 per ounce in 2008 to about US$1,800 in 2011= 100% annual profits for the BIG Shark manipulators.

Crude oil prices shot up from about US$60 per barrel in Jan 2007 to US$140 in June 2008.
....... On 20 Apr 2020, it suddenly dropped to -US$37 per barrel. That's minus US$37 = below US$0.
These manipulative money-making schemes are more like one-hit-wonders or hit-and-run.

BIG Shark market manipulators may often move from one target to another target after a few months or may have their fat fingers dipping in a few pump-and-dump schemes at the same time, both quick and slow schemes.
.

wahh nice!

true
holding since 8k.
totally no feel at all

now sudah naik balik 50k

wahh nice!

Fat liao lo u

masuk RM 25k that time ..

now make money tapi lost money in glove stock

 

masuk RM 25k that time ..

now make money tapi lost money in glove stock

 

Guccciii bag upgraded.

market btc 200k, but luno 220k. malaysian love btc?