- Welcome to bitcoin
- It does this literally every bull run.
During the 2016/2017 run, there were multiple 20-30% corrections before it went truly parabolic.
After going from 20k to 40k so quickly, it would be weird if it didn’t correct some.
This is also why DCA is the way. Yes you may wind up buying high but you’ll also buy low. And by spreading your buys out you get diversification of time, which will help you stay calm when it corrects like this.
HODL the line!
submitted by /u/b0men
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Source and link to Reddit topic: If you’re new and freaking out about this dip
Author: Reddit.com
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