Bitcoin Forum

According to coin market cap, bitcoin price has dumped significantly, taken one of it's most painful bearish movement in recent times, plummeting from over $122000 to $105000 on some exchanges and extend to as low as $101000 on other exchanges.
Check on this link for full details of the news:https://coinmarketcap.com/community/articles/68e9f255db8809059ca76730/

What do you think about the present bitcoin crash right now? Do you think this the right time to withdraw or sell your  Bitcoin, or the time to buy the dip? Your contributions are welcomed.

It plummeted below that price. Look at the chart after you click on this link:

https://bitcointalk.org/index.php?topic=5561981.msg65907267#msg65907267

I think it is better to buy the dip, but I am not confident about it. I have sold since some months ago, I only have little amount of money left there. If you are unsure of what to do, why not DCA.

At this point it is better to DCA if you believe that Bitcoin will still go up, cowen seem to be pointing at Bitcoin price must stay above 50MA on the weekly, those who are into trading should knwi what this meant.

I am almost out on all Bitcoin that I hold, I don't like sitting on good amount of profit all because we could go higher, all this whole market is a big manipulation, I expect Trump to come up with something better after several days but aside his family are getting richer.

I am sorry to announce this but the decentralised part of Bitcoin isn't powerful over price action, centralised entity unfortunately still have power to make Bitcoin bend the knee.

In the past 24 hours, itcoin has dipped about 9%, it's not a good look, but it's not a foreign concept with bicoin. The usual dip is about 2-3% within 24 hours, but this is different. However, a dip like this is not new to itcoin. If you will sell your coins every time there is a dip like this with Bitcoin, then there is no need to hold Bitcoin for a long time, because more dips like this will happen. The fact that the bitcoin price is down doesn't mean you should panic and sell; just be calm, and with time, it will appreciate again. If you have the money, see this as an opportunity to buy the dip.

The decision is yours because each of us has different thoughts about bitcoin. If you no longer believe in bitcoin or think the bull run is over, you can sell and leave the market temporarily. But if you believe that the bull season is not over yet, bitcoin will soon rise again. DCA is the right thing to do now instead of waiting because the recovery can happen quickly and you will miss the opportunity.

Personally I feel the bitcoin drop, liquidation and market reset is a good thing and a good time to buy more.

This is a typical headline designed to grab attention, as these price drops are quite normal when Trump stirs up the markets with his statements on tariffs. The drop occurred at exactly the same time across the main US stock indices. As bitcoin is more volatile, it is normal for it to fall more.


It is definitely better to buy the dip if you have a long term vision. You like to try to predict what will happen in the short term, so it's normal to have doubts. But in 5, 10, and 20 years, the price will be much higher than it is now.

Sometimes in this kind of market condition, we can only break it and look at the good things. As you have said, we could look at it as a form of reset so that old and new players can buy and get into the picture. But there could be negative investors who don't like what they see and just shrug their shoulders and not wanting to go and buy at this point as they could still be thinking that the price will continue to go down.

So yeah, decision is hours, we have our own believed and it could be different as our speculation could be bad (that the market started to show some bearish sign), or that the market will bounce back soon (we are still in the bullish sentiment).

I was shocked to see the sudden price dump yesterday reach the dip price at around $101k.
Since it was pumped fast around $110k, this isn't a dip zone but the mid zone. Doing it through DCA might be a good idea since we don't know if the price will pump again or if this huge dump is a sign of a bearish season.

A small DCA won't hurt much, but I have another perspective about the current price action.
I believe this isn't the last drop; there might be another wave this coming Monday, but I'm not sure. It's just my gut telling me another dump wave is coming, just like what happened the last time the price touched $124k in August. It pumped a bit, but another dump happened again on the 2nd day in the NY session.

So this is risky if you go all in to buy BTC. My current dip price is around $100k, just like what I said before, and now it's already filled the $101k. It might be the last touch, or this coming week it might try to retest the $100k zone.

It's quite bad news that Bitcoin dumped so quickly, but if someone is just investing regularly, they don't need to panic because short-term price fluctuations are normal in the market, if they don't sell and just hold, they can wait for the Bitcoin price to rise again, it just takes time as the market is unlikely to continue being bearish, and eventually, the price will rise again. so it would be a shame to sell just because of short-term price fluctuations, instead in conditions like these, we should consider it a discount period to accumulate at a lower price, and when the Bitcoin price rises, we can reap higher profits by buying at a lower price.

Odd right biggest liquidation dropped it by about 15%, that’s fuck all tbh dip for ants

I must confess that those fallen under its investment may not have to lose much on it like that, compared to those who took some trading leverage position such as long positions, because the market wen the opposite direction, this is one of the reason that we often advise not to take trades or risk on what we cant afford to lose.

Going by my own advise, if you have already invested, don't sell, instead continue to hodl and the market will soon pump back as usual, if you can afford it, try not to sell, if you sell, you're already losing on profits and selling in lose, we should forget about what other media platforms and influencers may be saying right now, even the stock market assets fall a times and people go in massive loss the same way.

Bro, I was so shocked when I saw the crash..  I have been around the market for a while, but I have never seen something this wild before..  It came out of nowhere, every thing was so calm, next thing you know, billions was gone and Bitcoin was just bleeding red everywhere…. It felt unreal at first, I thought it was a glitch or something..

But funny enough, after small panic, yes i won’t lie I did panicked a little lol  ;D, I did took advantage of it..  I just had to tell myself this is where the real opportunities come in…  Moments like that don’t show up often, and when they do, we gotta be bold enough to act…

Somewhat reassuring in a way to see people still comment about how shocked they are, how they've never seen anything so wild. Makes me feel like I really have seen it all.

Forget the amount wiped out. Volume is easy to imagine with a six-figure digit asset. 10%? 15%? Oh that was normal even during the last cycle, babies.

Sell? Hell no! This is the time to buy the dip instead. I am still wondering why investors still panic  when there is a dip, could it be that they are panicking because they have short term investment goals or because they do not trust bitcoin to be able to bounce back?

With my knowledge of Bitcoin, I have come to realise that every season and price movement is an opportunity. The best investment strategies come when investors make good use of these opportunities. Wrong use of these opportunities will result in possible losses and regrets.

To avoid all of these panics, they should always have the long term mindset so they can ignore all of these price crash noise.

The decision is left for you you have to decide if you want to buy or sell your Bitcoin if you don't really believe that Bitcoin is good soon the investment rate of Bitcoin will be very very high in a rate that you we sell and make good profit on bitcoin you should know between is arising and falling trading coins I would like to advise you on this to go and buy a DCA because soon the recovery we take place

In cryptocurrency, if you don't want to take much risk, don't go into trading and don't invest on altcoins to that extent, concentrate more on bitcoin investment and hold, whenever the market falls, it also requires that we don't rush to sell, but hold and wait till the market pumps, this is what is expected of us to do in times like this, while trading could take more risk to lose more as it also present the chances of earning more from it.

Are you asking us if you should sell your bitcoins because of a normal dip in price? I can't tell you what to do, but we have seen similar dips like this numerous times in the past. It is not unprecedented like the media is painting it. And i also do not think we are in the bear season just yet.

That said, for me it is either i accumulate more coins or i leave my portfolio exactly the way it is. There is no way i am selling. I didn't sell anything when we hit a new all time high, so definitely not selling now.

Play dumb games, win dumb prizes.

Liquidation looks big compared to covid-19 incident because crypto futures market is getting bigger and the recent decentralized perp more or less contribute to the chaos because everyone want to get perp airdrops.
Selling bitcoin would be dumb because the crash already happened, you're literally selling at discount, it's instead time to buy to dip.
A bit corny but it reminds me of warren's wise words :P buy when everyone is in fear.

DCA is a must without a doubt but also keep an eye on your risk levels. If you have too much money on alts, consider trimming them. It is a bit late to do this though most of them have made a nose dive against bitcoin but some of them at least partially recover and that will be your chance to redistribute your portfolio. If you put too much money on alts, that means you are taking too much risk. You may lose your money in alts, that the risk and we have seen it very clearly recently. Some alts literally grounded, went to zero on binance. It is because every alt has a btc pair and when btc makes a sharp move downwards, all the alts “die”

This will depend on your strategy and goals. If you have long term goals in the next 5 to 10 years, you should take advantage of a time like this to buy. But if your goal is to sell everything and make a profit before bear season hits, I don't think buying now is a good idea.


Although the bull season may not be over yet and bitcoin has the potential to grow and reach new ATHs. But clearly the risk is greater than the return you get. Because historically, the bull season is coming to an end and the bear season can come at any time.

So, depending on each person's plan and goals, there will be appropriate actions.

Obviously the turned down due to significant to sell-off of Bitcoin users which may either be influenced by FOMO and believe the $125K ATH is a benchmark for this bull season after volatility has shown different forces in several times and the same $125K is seemly a custom price projected for the season. Although, those are strictly enthusiasts or Bitcoineers who believes price manipulations is the most driving force of Bitcoins price than the underlying demands and supplies.

The spark of the massive sales that leads to the significant price drop could also be that investors may have reached their investment target to take profits. So no need holding longer while understands that volatility could knock them out if they don't to take immediate action to sell at the approach appropriate time.

The Dip on Bitcoin markets may encourage more buying order because it is an opportunity to buy on the chat while in other words may discourage investors but those who understands the concept of it volatilities will always buy and or holds firmly towards their goals. So it is always individual decisions on what to do by the Dip because the most important is to avoid regrets.

Liquidation is causing further drops is the biggest obstacle against bitcoin growing. Because it is not just people who sell bitcoin that cause it to drop, while that may sound like the reason but it is not. The reason why the price is dropping is because we are seeing how things could change, so we shouldn't really consider liquidation as good for any direction.

Because when people sell, the price drops, and when price drops, some long futures gets liquidated, and when that happens, the price drops more, and until we stop that somewhere it keeps doing that. Getting 20 billion being sold in under 10 minutes is not something we can accept. The further trouble is the fact that we are not getting rid of this liquidation possibility at any soon time.

Everything in crypto investment is all about risk; even Bitcoin is not risk-free. We just need to invest what we will not have to panic about when a situation like what happened yesterday happens. We will be ourselves and treat the market cautiously, not panic-selling as a result of not knowing where the market is heading next but just holding our ground with whatever decision and plan we have.

 Honestly, no one saw this coming because one day, it recorded a high of $126k and then the next it nosedived to $110k . This is about the lowest we've seen Bitcoin get to since August and this one that it's because of the trade wars that has gotten investors panicking, I wonder when we'd be getting good news on its rise.
 It's at times like this that we need to accumulate even though the market can be depressing and discouraging to even buy being that some fear that it might drop further but at least it has gained a bit since price has moved up to $115,126 as at time of writing.

Bitcoin still remain the safest one in the whole crypto space..  Trading and Altcoins is always very risky, especially for people who can not handle market swings… The best move sometimes is just to buy Bitcoin, relax, and let time do the work for you..
Whenever the market goes down, that is not the time to panic or sell,  it is actually the time to stay calm and hold..  History has shown that Bitcoin always finds its way back stronger after every fall.. Patience can really pay in this game..

Yea, no one truly saw this coming, but these should not be enough reason to panic. Experienced investors who have been consistent over the years know that bitcoin has always recovered after major corrections like this. This time, it will not be different.  Rather, this  should be an opportunity for investors to enter into the market and buy as much as they can because profits are just waiting at the corner. The greatest strategy we can rely on right now is patience and a good dose of consistency.

The Bitcoin market crashed quite deep, wiping out $19 billion in value in a single day following those moves. However, this wasn't the worst crash, and compared to previous crashes, this time the drop wasn't as significant, but the losses were still quite substantial. The Bitcoin market is now gradually recovering, and Bitcoin is now sitting at around $115,000 USD - a relatively rapid recovery, with upward movement expected.

So, for now, it's best to continue accumulating and avoid panicking over short-term market volatility. Everything will be fine if we hold on and don't sell.

The dumping that happened two days ago will be the best dumping in history so far because in this dumping, $19 billion of futures traders were liquidated which did not happen even in the FTX bankruptcy Covid 19 and Luna scandal. This dumping was harmful for me because I was in futures trading. I was liquidating there even though my balance was above $150. However, this dumping market was a time to take advantage of an opportunity but we may not have been able to take advantage of this opportunity because we did not have enough dollars in savings. If I had enough dollars in savings then of course I would not have missed this opportunity. I would have definitely bought Bitcoin.

It probably is in absolute terms, in terms of billions, but obviously not in percentage terms, as you point out.


Nothing, just business as usual.


If you do DCA, you can forget about it and keep doing the same thing, or even take advantage of it to buy extra if you have the money. I don't even think about selling.

The price crash that occurred in recent days has shaken the market, and many people have lost money due to the liquidity crisis caused by the decline. The important lesson we've seen so far is that chaos can lead to significant losses, and this isn't limited to small investors; even large, more experienced investors have experienced the same thing. However, the difference lies in the varying amounts of losses, which is quite concerning. This is because so many people have suffered significant losses in crypto so quickly that it's understandable to say it's quite risky if not careful.

I saw a man found dead in his supercar after losing a significant amount of money in the Bitcoin crash, and I don't know if the news was true or not. If someone isn't prepared to accept the situation, the consequences can be fatal. Losing money in a relatively short time can trigger excessive depression if not handled properly, although many others have experienced financial losses but are able to accept the reality calmly.

I think it's just a normal thing, it's still kicking volatility tbh and the market was just panic selling over that Trump announcement which I think was just proxy trade war. I don't think it's the right time to sell, probably a start to buy scenario, they'll definitely made a resolution over that one. It's just sad people kill themselves when in fact it's reversing once again. Well, max leveraging isn't for the faint of heart but killing yourself isn't the answer.

It's not good to allocate large funds in bitcoin, especially if your altcoin portfolio is much larger than bitcoin, really they don't know how to appreciate what is truly valuable in the blockchain world, bitcoin has always been the main one and will continue to be the main one, those who hold altcoins with the awareness that the possibility of bigger profits because the price is much cheaper are stupid and I'm sure those who do this haven't been in the crypto market for long, they are newbies who want big profits over time  the fast one.

We must continue to say that we should allocate a small amount of funds in altcoins and never hold them in the long term unless you are ready to lose your money in them, it is a big bet.

Do you want to be a trader or a holder? A trader will panic... while a holder will not sell; they will continue to buy when prices fall.

Market crashes are not a problem, even if they result in massive liquidations in history... but it is only traders who panic who will suffer huge losses when the market crashes, as we saw yesterday there was even news of a billionaire who died in his car after suffering huge losses.

A HODLer won't panic even if the market drops.

Reaching bad periods in crypto world is a common thing and not a big deal. I understand not many may like it, but we have to accept that it's a part of it. If we can get over these days, usually there is money to be made from these periods. So many people wait for chances like this, to be able to buy more so that they can profit more when it goes up.

We are not that much down, we were at these prices not too long ago, so it is not really a bad period to realize that ups and downs do happen and we are going to go up again just like how we went down. If we can wait for it, then we can profit. The doubt in your mind telling you that it may not recover and it may go further down, is the reason why you may end up losing profit.

If we look at the bitcoin price drop alone, we can consider this normal because bitcoin's drop from $121k to $102k was only about 15%. This is something that has been common in bitcoin in the past, but what is unusual here is that the liquidation amount is up to $19 billion or even more. This is the biggest liquidation and many times bigger than the Covid crash or the FTX collapse. This is clearly manipulation, not panic selling, so it cannot be called normal.

But I agree with you, this is not the time to sell but the time to continue buying or holding tight to what we have. Because usually after such a flash crash, the market will recover and grow very strongly.

Honestly this crash was nothing like the Covid crash of March 2020. Sure you had useless meme tokens heading to 0 but those are very illiquid and small cap coins. In March 2020 you had the largest crypto currency, Bitcoin about to head to 0.

If it wasnt for Arthur of Bitmex pulling the plug and shutting down the exchange for a short while, who knows how low bitcoin could of went. People kept buying on Bitmex and trying to arbitrage and it made it worse because it kept lowering price on other exchanges. Eventually it would of made the situation worse.  I remember seeing a bunch of $10,000,000 liquidation orders and basically a bid book of near 0.

This flush was needed. Too much garbage thats worth billions that produces nothing these days. Just like in stocks with the AI bubble.

Well said. Although to be frank, it's not everyone who can have that patience that's why you see them panic selling at the slightest dip and these ones often miss out on buying while the market is down because they rather prefer to wait till the market is stable. Since to them that's when it feels safe to enter. I'm very optimistic that this is just temporary and we'd see gains before the month runs out. October is often favorable for price hence the nickname "Uptober".

Not no one. Just not most people cheerleading like on this forum :P

Guess we all forgot in 2017 on the same week after reaching ATH, BTC dropped 45%?
Guess we are so quick to forget about Do Kwon and SBF and Celcius and -15% BTC drops became pretty common in these 2 years :P

I mean, come on, if we are so used to seeing +10% gains in a day, and we can say 'we saw it coming', then surely we can also say we can prepare for the opposite?

This is just a small drop, and now bouncing back a bit.

What’s happening right now looks scary on the surface but if you’ve been in the crypto space for a while it’s really nothing new Bitcoin has always moved in waves sharp rises followed by sudden crashes and this drop from around 121k to near 100k fits that same pattern volatility is part of its nature but what makes this crash stand out is the huge liquidation volume nearly 19 billion that’s a massive wipeout and points more toward manipulation and overleveraged traders getting caught than genuine panic selling. These types of events usually start with a trigger like the Trump tariff news but they get worse because so many traders use high leverage once the market dips even slightly it sets off automatic liquidations which push the price down even more that’s why it feels so sudden and dramatic.

As for whether it’s time to sell or buy it depends on your mindset if you’re here for the short term and can’t handle more drops maybe it’s better to stay out until things stabilize but if you’re holding long term this kind of dip has always been an opportunity historically after every big crash Bitcoin has bounced back stronger it’s just a matter of patience. The smartest move right now is probably to hold or slowly accumulate through DCA not rushing to throw in everything at once but buying small amounts during dips that way you benefit if the price goes back up but also reduce risk if it falls more selling during a crash usually leads to regret because you’re locking in losses while the long term trend of Bitcoin has always recovered.

If you say it's not everyone that can be patient, then I wonder what they are doing investing in bitcoin. Let's just tell ourselves the truth. With the way bitcoin is now, we all do not have any other choice than to be patient. Patience is a major aspect of bitcoin investment. That is why investors are often advised to have long term mindset. If they cannot be patient, then, they should be concerned about their finance and health.

The market has  way of humbling us when we tend to be over confident. Just when we were excited over the new ATH attained. This is not something to be frightened for.  Bitcoin will bounce back.

What happened was bound to happen, it was just waiting for the right reasons to trigger it. If you have been following, there was decline in volume which means the market needed a way to inject liquidity which is more money entering the market. The best way they do this is to dump the market and buy it at lower prices. Anyone thinking that the dump will lead to bear market is obviously not smart and the retails that sold definitely are the biggest losers. The market will bounce back stronger before the end of the year.

I don't know if this fall has been the highest of all time, but am quiet sure that we have been having similar occurrences in this manner for some time.

Having this should not also come as a surprise to us, because we are dealing with a volatile currency, it can rise and at the same time fall as we may have it, we only have to be always prepared for it coming at anytime.

No need to wonder. Just go on market history and look for All history.

Hint, no need to look far just look for last cycle from 2021, there were daily drops of 15%++

So no, this is no the biggest fall in one day, and for sure not even in the past few days.

BTC hit ATH in 2017 and dropped 45% within a week.

Yeah, we have seen so many drops that was bigger, hell not too long ago just a few months ago we dropped from over 120k to under 110k and people are still acting as if this is the biggest. This overreacting is still annoying me and I have no idea the main core reason why this made people think this way.

I understand it may not be that crazy at the moment, but we should realize this isn't going to be that easy to fix, we have to consider this as different. I realize that this is going to be something that takes time, but that doesn't mean that we are going to accept the price as "lowest ever" or something next. Just realize that this is a normal drop, that happened a million times before, if you are not a newbie that started 2 weeks ago, you should know that.

The decline is normal and it's part of the reaction to Bitcoin's trajectory which affects its performance in the market. Once people get used to these conditions, there's no bigger problem than taking advantage of the situation to buy. Some people panic in conditions like this, and that's understandable because they're unfamiliar with or perhaps new to Bitcoin. This is especially true for those involved in futures trading, where the consequences of a wrong entry position can be significantly greater affect losses and for those who invest long term this is normal and it's not a big problem.

The most important part of a downturn like this is capitalizing on the momentum, giving us the opportunity to buy larger amounts. Therefore, we need reserve capital to utilize during these downturns, as this provides an opportunity to increase our Bitcoin holdings. Panic will not provide any benefit and instead it is better to remain calm so that it does not affect the investment performance that we have been carrying out so far.

That's why I hate the politics and it's unfortunate that we aren't immune from it and neither can we escape it  :'(

Looking at how much the markets bleed from this, this is the reason some people don't jump on the bitcoin boat because it just seems so volatile and very easy to lose money if you are trading on a leveraged account...but I know crypto markets are cyclical and this will pass and we shall be celebrating some big moves soon.

Exactly. The problem is people getting lazy and repeating mainstream media headlines. One guy says it, 100 people see it and without verifying or giving any context they repeat it and spread the FUD. This is literally FUD :)

I will never get people who 'invest' or 'trade' and then get so shocked by market making normal moves. Clearly majority people are just playing a game and sad they don't know the rules.

The real problem many people think about those tweets release by those politician is gospel truth, that's why they got shake up once they release some bad news or tweets. This is really crazy behavior which lots of people need to change.

They can easily get manipulated if they easily get rattled with certain news came out. People need to learn not to become their exit liquidity and think more better so that these powerful people will not abuse them.

Majority of people just want to earn but they don't want to dive in on more technical side on trading and investing in Bitcoin.

I have read countless pages on these 19B of liquidations.
The biggest event of liquidation in history was resolved by... a little dip barely noticeable in the big scheme of things.
Instead, no exchange was closed down, no market maker went bankrupt, and no fund collapsed.
What doesn't kill you makes you stronger.

Too bad that humanity is that easy to flock itself to politicians. I never understood people who LOVED trump for example. Because you should never love any politician, not Trump, not Kamala, not Biden, not Obama, NEVER trust a politician, and I mean NEVER.

So when you vote for someone, your mindset shouldn't be that you are voting for someone you love, you will be wrong, only vote because you think other side is even worse. If you voted for Trump because you think Trump is a piece of shit but Kamala was even worse, then you are on the right path, same goes for vice versa. As you can see, there are tens of millions of people who love him, and this is what he did, dude is only in it for himself and doesn't care about anyone else at all, never have, never will.

People never expected the dip, people were carried away by the increase in bitcoin price, and we never believed the market was going to crash all of a sudden, people’s prediction was bitcoin price to pump, but instead of bitcoin price pumping, United State news crashed the market, and lots of people got liquidated.

Why do you have to withdraw your money just because there was a dip in the market, if you are a investor you should be use to the dip already, so whenever there is dip in the market, you are not even suppose to be worried because you know if you can keep on holding, the price will bounce back. So whenever there is a dip in the market, what you are suppose to do is just to accumulate more coin if you are having extra money which you won’t be using with you.

With Bitcoin we need to avoid trading leverage if we want to mentain a healthy mental health because the loses over their with derivative is massive and for that reason it could create a lot of kios for the traders if care is not taken, and spot market is the best and most preferred form sanity sake, leverage trading most especially anything above 10x is somewhat gambling and at that the chances of losing is higher compared to your chance to profits or win in the trade.

I used to really worry about this forum leading newbies to start trading. I still try to protect it and do my part in not tricking more new people intro trading but as I grow older I realize the real problem is education and the psychology to ask questions and verify.

So if people do not have that psychology, then no matter what, they will always fall to something. Be it tweets, or forum posts, or even ads. Heck even chatgpt.

You want quick money better be prepared to lose money quick.

On top of that, it's what we knew so far but in the near future, there is possibility of service closure, bankruptcy, whatsoever, let's wait for the dust to completely settles first.

Fortunately, with people who were not killed on that $19B liquidation historic day, they now are witnessing a most interesting phase in this market cycle, Euphoria phase will come soon after the biggest market washout not only in this cycle but in cryptocurrency market history.

In March 2020, after Covid-19 announcement from WHO and a 50% crash of Bitcoin, the Bitcoin market had a V-shaped recovery from which it went strongly to the moon without looking back.

It's true, but for people who lost all money and received not considerable compensation from Binance, it's painful losses and lessons for them.

Don't get worried on them since somehow they have due diligence to research those information they are receiving. If they fail to understand that there are some action done to manipulate them then result might come up bad especially if they keep listening then get panic with those temporary decline.

Their authority biases will give them bad result. If they understand that Bitcoin potential is more bigger than those manipulation done by by those politician for sure they will never get panic on the short dumps happen. But rather think about that those decline are perfect opportunity to buy and to earn once price recovers.

I can see that the market is already doing well and since it has reached upto $114,000 as at yesterday before correcting to $108,000 today, I still believe that we could achieve the best for this week before it ends seeing the market move ahead to something close to $115,000 or $117,000 this same week, we can choose to speculate for more possible outcome anyone may see from the chart performance, when market falls like this recent one, we should not run into fear, because that will be more risky than e even the fall from the market.

Sooner or later we will see that $114k and hold and support that line. Maybe right now the sentiments is still negative that's why when the prices pushes to that level, a collapse follow as everyone is likely wanting to make money and recover from what they've lost in the largest liquidations.

And if you look at the historical logs, -4%, that numbers is still small and I think we can recover it back in just short amount of time. Maybe before the end of the time, October will remain as one of the best month and ended up in green and net positive again.

Each person may have a different view in responding to the conditions that occur in bitcoin and generally we have one concept that we continue to maintain in carrying out our investment activities. But it looks even more stupid if conditions like this make someone withdraw or sell their bitcoin holdings because we know that bitcoin will always recover gradually when conditions return to normal.

It is better if we have the available money to buy again in conditions of decline because even if we don't implement long-term investments, you can also make a profit when prices rise again. It depends on how you plan your investment, but for me conditions like this are much better for buying than selling.

There is some big short position opened recently in hyperliquid, it sparks some doubt in me but I guess since gold is tanking anyway, maybe there will be influx of capital where people rotate from gold to bitcoin and I can see that happening.

As long as there's no news about tariff or whatever it is that could put bitcoin's recovery to a halt market will be green, otherwise we might see second wave of similar dump which hopefully won't happen.

The situation is still quite tense, and various technical indicators still point toward the left (down) direction.
BTC/GOLD ratio has touched the minimum recent level; for this reason, the selloff in Gold sparked a tiny market reaction.
We will see. As we pointed out before in this thread, the dump sparked a deleveraging of positions. The market is less liquid nowadays, but there are fewer leveraging and cascading effects.

I have my own bad experiences... I am still paying for it today, and for the next maybe 5 years minimum, 10 years more. But it was much better than before I found BTC, I was gonna owe money for 50 years even after retirement, but that's another story :P

The point is, trading almost ruined me beyond repair. Half because I guess I chased losses like a gambler, half because I commited so much time to it I lost everything else that got ignored.

So I still feel as a human being that I need to stop others from going there but you are right of cause. Everyone has enough intelligence to do their own due diligence...

But at the same time, innocent people, especially young people, not being 'experienced' enough to understand that what they see being posted online even here on this forum is not real, is not even a real person sometimes just shitposters. But like I said now, I don't worry SOO much about it because you can't change people's psychology...