What is a 'Correction'
“A correction is a reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset. A correction has a shorter duration than a bear market or a recession, but it can be a precursor to either.”
It goes down, then it goes up, then it goes down, then it goes up but it’s growing in general. It grows from 350 to 360, then falls to 355. Then grows from 355 to 365, falls to 360 etc. Just as an example.
Stop panicking over corrections. Seriously, this is so silly. People dropped bitcoin price on $200 for couple hours because coinbase didn’t work for an hour or so.
People have zero patience. I do understand that people want to make fast cash, NOW, playing short buy/sell games, but I invest in long term.
