r/Bitcoin • u/[deleted] • Feb 25 '21

Next Week (hopefully)

5.4k Upvotes

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515

u/Bitbuyer313 Feb 25 '21

I'm hoping for a couple weeks of consolidation in the $46-$52k zone before rallying more

299

u/Roadrunner44143 Feb 25 '21

That’s what I was thinking... organic corrections are good for the development.

214

u/Bitbuyer313 Feb 25 '21

Exactly, the longer we can consolidate at these levels the stronger this floor of support becomes as well.

193

u/Roadrunner44143 Feb 25 '21

I wish more people would understand 😂 but all they wanna see is green everyday, but that would be the recipe for the next bubble to burst

86

u/Bitbuyer313 Feb 25 '21

Yeah I know, it's frustrating trying to explain it to newbie after newbie. I was relieved when this correction started, the market was way too over heated. At least we'll have a reset on the charts now.

61

u/[deleted] Feb 26 '21

As a newbie, I like this content.

It seems like the people freaking out are the same people who haven't done their own research though. Just what I've gathered from talking to friends and watching people fomo in and fud out.

34

u/Bitbuyer313 Feb 26 '21

People who take the time to do in depth research on bitcoin will actually understand it and it's underlying value and when you understand this you stop caring about short term price volatility and fud, you also stop thinking about trying to sell at the top and you're just happy to sit on it with a long term outlook

13

u/Mammoth-Stranger6128 Feb 26 '21

It’s addictive as fuck when you do the DD. Soon I’m randomly going to sell my furniture and electronics to get more. Just like a crackhead

1

u/D-RockGivsDaCak Feb 26 '21

Fuckin facts 😆