Bitcoin Forum

Bitcoin's drop from 65k to $30k is one of the best things that has ever happened.

Take a moment to consider:

-Numerous institutions sit on the sidelines waiting for your money.

-Occasionally, a crash occurs.

-News reports about it are more common.

-Over half of the value of Bitcoin is lost, but the network continues to function. Work continues on upgrades (Taproot).

-HODLing and buying the dip are more popular than ever before, according to analysts.

-The new price offers buyers a great opportunity to enter the market.

-Summer will see US banks beginning to offer cryptocurrency products.

-Banks in Germany are legally allowed to start on July 1.

It's unstoppable

When bitcoin drops in price, long term holders get to scoop up more bitcoin at cheaper prices, whereas people who are planning on selling(for whatever reason) loses an amount of potential profit.

When bitcoin rise in price, people who are waiting for a drop miss out, whereas people who are planning on selling earns more.

It's pretty neutral. There are winners and losers in whatever direction bitcoin goes.

It might sound greedy, but I actually want the Bitcoin price to fall in the short term, and stay there for a while. It allows people like you, and me who might believe in the currency more in the long term, to actually maximize our holdings. So, I actually warmly welcome these drops any time they happen, and I imagine certain types of traders also do too, as it means they can buy in bulk, and profit later down the line.

Obviously, there are people like you say, that get hurt by the drops, but that is usually because they make the choice to sell at that point. They could, potentially wait until Bitcoin starts to rise again (assuming it will of course).

Best or not it depends on each other, if they already use all his money to buy Bitcoin in the past especially on the ATH and he need urgently the money, so it's a bad decision. However if he still have money to buy the dip, this dump is a good thing.

Even though many FUDs spreading and dump everywhere, Bitcoin is still going to be adopted from many countries/service and the development is still run. This is what should be and the future is bright for Bitcoin.

Bitcoin price will probably start moving hard up within some months. we all new further price growth is impossible without serious price correction. many words about it in this forum also in other online forums, posts etc. etc. however most of them including me expected bottom at 40K while it slipped further to 30K. the most stupid thing to do right now is to sell.

Does the future of Bitcoin depend on how banks will position themselves against cryptocurrencies? Like many others, I do not like the fact that banks will come into a legal position to offer all these services and that in the end we have a paradoxical situation in which people use banks to buy and store cryptocurrencies in their custodial service. Maybe that makes sense with most centralized cryptocurrencies, but I would never trust a bank to be my crypto wallet, especially with Bitcoin.


It depends from whose perspective you look at the situation - how do you think the one who invested at a price of $50k or higher feels? He probably thinks he’s been tricked by false promises, and if he’s sold then he’s definitely at a loss - which means he’s spreading negative vibes around him about how BTC is just some Ponzi scheme.

You need to know that events like this always have bad and good consequences, and that someone's gain is always the result of someone's loss.

That is the exact reason on why one should plan their investments and decide whether to take the loss or the profit.

Same concept in stocks, if you purchase some stocks in a company, you should already plan on which price you would sell those stocks before its price plummets down. Another example, in the last quarter of 2019 the price of bitcoin reached an ATH of $20,000 but a few weeks on its price decreased significantly to around $10,000.

If you really do plan on long-term investment, then BTC is the way to go but you must be ready of the consequences (such as this scenario).

By following your logic, BTC going from $30 to $10k would be even a better thing to happen to Bitcoin. So, Bitcoin going from $60k to $30 cannot be the best thing because there are even better potential scenarios out there. I agree with what you said above though, Bitcoin is  inevitable. Eventually bitcoin will absorb every financial asset out there and it will be the one and the only.

When we are ready, we won't call it Bitcoin.

We will call it,

"The one"

This was especially very good for HODLers to buy more Bitcoin. I also bought some more as a HODLer. But this period has been really bad for short-term investors. They've lost a lot of money before reaching their goals.

Indeed. To anybody who is waiting for the best entry into Bitcoin, this is the perfect moment. But I think a lot of newbies cannot see this opportunity. Many newbies or those who have yet to buy their first Bitcoin are only watching the price. As a result, they fail to appreciate the reason why Bitcoin became as valuable as now. So instead of buying when the price of something really precious has come down, they begin to imagine far-out scenarios.

It is not the worst fall for Bitcoin and not the worst if you compares it to Google, Amazon, Facebook. Charts are from this tweet (https://twitter.com/RaoulGMI/status/1396837047336329218)

If those stocks are able to make new all time highs, why some people think the crash in May 2021 is the end of Bitcoin. A new all time high for Bitcoin will appear.

Sorry, but I don't see how any of your points proves that this was the best thing ever happened to Bitcoin. I see it as a pretty bad thing, because this bull run was shorter and smaller in terms of relative gains, compared to the previous bull cycles, which means that the rate of Bitcoin's price growth could be slowing down. Though it's a pretty expected thing, because at this point almost everyone is aware of Bitcoin

Indeed but I'm looking at it from a different perspective than what you and most other users are discussing here...
^{- What I'm about to mention might not be 100% accurate, since I'm not going to refer to any of the charts but whenever we experience one of these ATH moments, it also results in huge spikes in fees [understandably] and when crashes of that extent happen, we're mostly left with true bitcoiners and that also leads to fees going down drastically.}

Who exactly do you mean when you say "almost everyone is aware of Bitcoin"? Are they regular investors in stocks, gold, bonds or similar things - or do you think most people in the world generally know about BTC?

Hearing about something, knowing something about something, and understanding something are completely different things. If we take into account that 45% of people do not have access to the Internet, out of the remaining 55% who theoretically have the opportunity to invest in BTC - how many of them actually actively participate in everything that happens in, say, the last 6 months? I would say that it is at most about 5%, although it is very easily possible that it is less than that. It is still a game that has a very limited number of players globally - especially those who can influence the market with their moves.

I admit asking a friend to invest at ATH, which is disconcerting, I tell them to look at the quantity of the coin and not the price, which I think is reasonable. or is it an alibi? Investing in Bitcoin is for the long term, this is a good time to increase your asset.

There are definitely hard core investors who are hurting right about now and they only have themselves to blame by pushing up the price with little more than hype and thehpoe of ever higher prices for their investment.

I'm also glad the price has fallen & I hope it drops to sub $20,000 by years' end and stays there for a few/many years to come.

I think you countered your own counter argument there though. Bull runs, are expected somewhat to slow down, in terms of the amount of people buying in, and the longevity of them. In theory, as more people invest in Bitcoin, the more it should become stable. the longer, and the closer we get to the limit it shouldn't be so volatile. This is helped by the block rewards being reduced as time goes on.

So, while you might be correct in it not being a good thing, I don't see it as a necessarily bad thing. It entirely depends on your perspective, since if you are a opportunistic investor then this is a good thing, and all the previous times it was a good thing. If you are someone who wants to use Bitcoin as a currency, then of course this can be seen as a bad thing, especially if you are focusing on Bitcoin as a currency right now.

There's always two sides of the spectrum, so there will always be people who benefit from price drops, and those that lose out. Usually, this is linked to confidence in Bitcoin, the reasons for investing, and what they intend to use Bitcoin for.

I am not sure if "welcoming" BTC price drops should be the right kind of mentality, even though surely I understand what you are saying Welsh, in terms of accepting the BTC price drops as an opportunity to continue to buy more BTC and to accumulate more BTC than you would have been able to accumulate if the BTC price had either stayed flat or just ongoingly gravitated UPpity without any meaningful price drops.

Accordingly, surely recognizing BTC price drops as opportunities to buy more and even to already be in a position to buy by having money available and accounts already set up that you can buy through puts you in a pretty damned good position compared to so many normies out there who either do not recognize the BTC price dips as buying opportunities and/or do not have BTC related accounts set up in order that they are even able to take advantage of the BTC price dips when they do happen.


Well, there can be some advantages in keeping some balanced perspective in regards to the entrances of banks into the bitcoin space.  Of course, having a lot of skepticism towards banks remains quite healthy, and even being aware that there is a difference between custodying your own BTC and having some third-party custody your BTC.  One of the considerable advantages and power of BTC is being able to demand and achieve immediate custody over it, so surely setting up contractual relations with banks or other third parties that remove your ability to immediate custody is going to increasingly become a phenomena that becomes more and more known by the general population as we get more and more used to some of the powers of bitcoin and being able to assert and exercise some of those powers.

Surely various kinds of finanacialization of BTC should not merely be considered as incorporating traditional institutions into bitcoin because so far, and to my knowledge, bitcoin itself has not given up those kinds of powers, even if some (and perhaps many) individuals/institutions are choosing to use various services of third parties, and there are even some institutions that are forbidden from self-custody - even though likely several of the standards around self-custody versus third-party custody are going to be changing in the years to come, including becoming more and more aware about how some of the features (powers) of bitcoin will be usable to design more sophisticated custodying solutions that leave more power in the hands of the actual owner of the asset rather than with banks or other kinds of third-party custodians.


Of course, a lot of what you are saying makes sense, mindrust - although I am not going to go along with any kind of suggesting that there would ever be any need for any kind of bitcoin name change.. because king daddy no gives no shits.. including the fact that its name has already been established and getting consensus upon a name change is just NOT going to happen.. if we are actually trying to stay in the "real world" with our various conceptualizations of the future.

So, what about you mindrust?  Are you "real"?  Have you come back around to attempting to get bitcoin back into your life as a central investment mechanism rather than getting roped into investing your time, mentality and presumably finances into a lot of distractions (aka shitcoins and other likely inferior investments)?

Surely many of us need to be careful in any of our investments in terms of attempting to find a balance that allows us to neither panic at the wrong times, but also not to be led down some various detached from reality paths in terms of either BTC price dynamics or the likely roles of a variety of other projects that might sound promising but they are lacking in a lot of ways when they are not somehow accounting for the ongoingly dominant role of king daddy, including that king daddy is not going to be losing its dominant role, even though in the short-term (maybe even 20, 50 or 100 years) there are going to continue to be a decent number snake oil projects that can be ways to earn money in the short term, but they are not really tied to solid foundations, like BTC has been providing and will likely continue to provide.

I guess in sum, what I am trying to suggest is that there remains a decent amount of need to appreciate that bitcoin prices can be pushed down, but there are certain kinds of limits to how much that it can end up getting pushed down or that theoretically it seems quite unlikely that it is going to be pushed down below certain limits - without getting into fantasylandia thinking (which seems to be part of the point that you were making in your above post).  Surely, there are a lot of projects out there in which we could allocate some of our value and even have some potential for short term profits, but then we still do not have certain assurances regarding how far they are going to dump, once they start dumping. 

Anyhow, I hope that you mindrust, and maybe even some other folks who had gotten distracted into potential upside of various non-bitcoin projects and who seemed to have had lost confidence in terms of the solidness of bitcoin price floors, have come around to reconsidering their allocations in bitcoin and perhaps even their ways to ease back into bitcoin and/or increase their BTC allocations in such a way that is more in line with the reality that bitcoin remains the best investment out there, and when we are having various dips (especially relatively BIG ones like we just have seen - down 53%-ish from $64,895 to $30,066), then these remain opportunities to increase BTC allocations - especially if there had been some movements away from that in the past... for sure, each person has to figure out his/her own way of accomplishing allocation objectives and also reallocation objectives including figuring out if there are ways to use seemingly decently sized price dips to their advantage(s).

I'm not sure if this was the best one. But it was expected. For this reason, I sold all my bitcoins from ownr wallet shortly before. I felt that something like this would happen.

I completely understand what you're saying, but if adoption is the goal, it's better to have Bitcoin within reach of more people. People using custodial services when it's completely unnecessary certainly is a cause of concern, but I feel like this is an easier problem to solve than lack of adoption. I see it as kind of like how people are much more aware of what to put and not to put on social media nowadays vs. a decade ago -- people are going to start talking about it, and at least a decent portion will listen.

I dislike that banks will be in a position of power in this scenario, but since it's always been open for use to everyone, it's not like we can stop them if they want to get involved anyway. All we can really do is speak with our own wallets and encourage other people to do the same. Either way, I personally believe getting more people involved = better.

It's a useful experience for new investors, of course. Bitcoin as an investment is risky, and people have to be aware how much the price can drop. Moreover, some believed that Bitcoin would be okay this time because institutional investors are more reliable than individual newbies, but evidently, this isn't the case. Regarding the network, I think it's actually good that the price is down because the fees are finally okay.
Eventually, Bitcoin recovers, and it does seem to become more popular and gain more attention over time. But the rates of adoption are very low.

Even in 2017 a lot of people didn't know what Bitcoin was, but now regular people see it in on their news regularly, because mainstream media reports about big movements or some interesting stories related to it.

Of course there's still a huge room for adoption, but the novelty factor is not the same as before.


From a point of view of hodler, it would have been better if the magnitude of bull cycles slowed down later. It's still so volatile that most people aren't ready to use it as a currency, so why not hope for bigger bull runs while we're at it?

Huh? You are presuming a lot hatshepsut93, if you believe that a 53% correction means that we have fallen out of the bull run.  Sure, it could be the case that $64,895 (on April 13 - merely 7 weeks ago) was the top for this particular bull cycle, but think about the matter a wee bit more before presuming that the bull cycle is over...


again.... "huh?"  What the fuck you talking about?

We had a BTC price run from $10k-ish in the beginning of September to nearly $65k in the middle of April, and so that is a 6.5x BTC price appreciation for that period. 

Even if we look at our current BTC price of about $37k as I type this post, that is still about a 3.7x price rise from merely 9 months ago...

Again, you seem to be presuming that the price run is over, merely because we are in the midst of a correction that brought us down 53% from $64,895 to $30,066 and now we are currently at about a 43% distance from getting back to the top..

By the way, I will concede with any kind of overall point that BTC's price growth is slowing down and is likely to slow down because with any new asset class, it is going to be way easier to attain astronomical and exponential growth in the earliest days of its price discovery, so inevitably there is going to be truth to claims that assets that mature more and more are not going to be able to sustain their earlier levels of exponential price appreciation.   Nonetheless, there remains a whole hell of a lot of prematurity in your presumption that this particular bull run is over.

By the way, there are also a lot of ways to attempt to measure exponential price rise periods, so we could end up getting quite a bit of swing in the numbers merely from making choices regarding how to measure the various price rise periods.  One of my personal favorite ways to attempt to make comparisons would be to describe the BTC price rises within a context of the four-year cycles, and then instead of looking at the extremes of the cycle to attempt to look at a round about number to figure out a base jumping off point for the beginning of the bull cycle, which may well not be known until the cycle is allowed to play out for a while.. so even with that we can get some round about numbers in terms of attempting to put our run cycle into context in terms of how the four years seems to be playing out. 

So for example our 2017 BTC price run largely seemed to have started from mid-to-late 2015 with a base starting rate of around $250.  So the $19,666 top would have been about a 78x price increase.  The 2013 run to $1,163 did start from sub $10 in 2012, but we could just round it up to $10 to assert that the price rise was at least 116x.  So, we already see a decrease in the exponential price rises (at least looking at the tippity top price for that run) for each of those 4 year periods.

It seems to me that if we take our current period, reasonable assertions can be made that our price foundation would be around $4,200 from April 2019.. Yeah, of course, you can use other numbers, but I believe that there is a decent amount of BTC price performance to show $4,200-ish as a decent and fair jumping off point for this particular bull run that we are in and attempts to consider whether the bull run might be over and how much this particular bull run might have shrunk in size from previous bullruns to consider if there might be some concerns about the size (presuming that it is over).  So, if $64,895 ends up being the top, then that would be about a 15.5x price appreciation.. which surely is quite a bit lower than the previous ones that were in the ballpark of 116x and 78x respectively. 

Personally, I believe that the potential magnitude of the drop of the exponential peak for this period to a measly 15.5x lends more support to theories that the bull run is not over yet rather than presuming that BTC's grown is dramatically shrinking - especially since it also seems way too premature to proclaim that $64,895 is the top for this run. and furthermore, if some people seem to be very inclined to rush to judgement rather than looking at actual charts showing BTC past performance, there are reasonable arguments that could be made regarding our current cycle to play out as a kind of double top scenario that somewhat resembles the 2013 double top.  Sure, it may well not play out exactly the same, and no one should really expect such a current cycle to play out with any kind of exactness because there are a lot of dynamics in bitcoin that are different now as compared to 2013 - even if some of the overriding supply halvening principles (that help to give more credence to 4 year cycles) remain intact in bitcoin's design.

So, if we look at 2013 more closely we see that it achieved 116x through two cycles and the first cycle to around $263 in April, would have constituted a 26x increase in the early stages of the price rise, and then a pretty BIG ASS price drop down to $70--ish and then a decently long period that brought questions to whether the price run was over, yet... and surely later in the year the run began to show signs of recovery, and once the BTC price started getting close to the $263 top from April, it ended up rising quite quickly after that to reach the $1,163 blow off top.

So, bitcoin's increasing adoption does take away from blow off tops being so short and so short lived and even the extremes of down seem to take longer to play out, even though they can surely feel like they are happening quickly and that they are "unprecedented" while they are happening, including our BTC price drop from supra $50k to $30,066 which took over a week to play out even while the drop from supra $40k to $30,066 took less than a day to play out.   
 


You have a lot of seemingly nonsensical presumptions built into your various assessments of the state of BTC, hatshepsut93.  Your assertion that almost everyone is aware of bitcoin is almost complete bullshit.

Sure there are a lot of people who are aware of bitcoin because they heard the word "bitcoin."  But so many people do not even know what bitcoin is, including a lot of people who buy bitcoin.

Anyhow, you can presume all that you like about bitcoin being mature or largely adopted because you are wanting to suggest that its price peaks are flattening - including that either $64,895 is the top or pretty damned close to the top. 

We will find out, won't we? 

To me there seems to be a whole hell of a lot of more potential UPpity for this particular cycle, but surely further UPpity is far from guaranteed....

On an individual level, each of us is responsible for our own level of preparedness for both UP and DOWN scenarios.. as well as flat scenarios (which seems to be the least likely of the bunch)...


When we conceive of the various entrants, users of bitcoin and services offered, it seems a bit problematic to be framing the matter in terms of what we might want or not want because bitcoin is designed in such a way that there is no control over who uses it or does not use it..  or whether it is adopted or not.

Sure, there are incentives built into bitcoin that seem to suggest that it could be a good idea to get some bitcoin in case it catches on, and then once you have the bitcoin, then you have options concerning whether you use one service or another that is provided by someone else or if you try to lessen your reliance on going through third party services.

Of course, there are peeps out there who are saying that "adoption is our goal" but in the end, bitcoin does not really need any marketers - even though, surely it does not hurt to have people becoming more and more aware of bitcoin with the passage of time, and some of them figure out that "it might be good for me to get some of this bitcoin thingie-ma-jiggie in case it might catch on."    hahahaha



Just because they might hear the word from time to time or see some news reports on it does not really mean that they know shit about it.  Furthermore, you can ask some of these nocoiners who have heard about bitcoin and quickly find out they hardly know shit about it, even if they had heard the word several times.


It's going to become pretty damned novel once some of these no coiners actually set up an account and buy some bitcoin.. and when that happens, some of them are going to become way more enlightened in terms of going to be like.. "holy shit!!!! I did not know about this thingie-ma-jiggie that is be called "the bitcoins," previously."  So of course there is a difference between passively hearing about something and coming around to understand it on a deeper level.


Seems quite inevitable that with something like money or an asset class like bitcoin, then greater and greater adoption would be causing less and less volatility, in part because it is going to take more and more capital to move the price one direction or another.  I doubt that bitcoin gives any shits about what you "hope for", so one of the better strategies is to attempt to figure out how to prepare yourself for whatever might happen rather than hoping for something that may or may not happen. 

I mean, sure I would probably agree that the current situation means Bitcoin isn't great as a currency, but there are people out there that do use it as one. Most people I know that are serious about Bitcoin are currently holding or investing somewhat regularly. Although, I would say most of the adoption we've had is from speculative investors so they aren't exactly healthy for the currency in the long term, since most will likely want to get out. Therefore, it could be suggested that these investors could actually mean there will be more frequent bull runs, rather than longer ones which could actually effect the confidence of others in Bitcoin.

I just don't think its as black, and white as it might appear. Bull runs are exciting, and everyone wishes they invested sooner, and the bull run lasted longer. However, I'm actually not that bothered by how Bitcoin reacts in the short term. In fact, I would personally like to keep Bitcoin as low as possible for the time being, so we could acquire more for services provided.

in my opinion the rate at which the bitcoin price went to 65k is as sudden and it was built on shaky ground and that is why it droped so quickly, i really rather see the price going up real slow rather thn these sudden jumps in prices, but it is good that it droped because it will allow for more people who  have intrest in investing in it to actual do so especialy if they know that they can make so good profit from holding it long term, and also i feel like the price drop actually helps bitcoin stays somewhat under the radar.

I can honestly say that the price correction from $65K to $30K is the best thing to explain to trader and investor who are new to bitcoin that bitcoin investing and trading carries risks that are worth considering for them. I don't want to talk about long term investor, but for new investor especially those who are concerned with short term profit it can be very frustrating to see how the value of their investment asset has gone down.

Someone I know last week told me that he has lost 20% more of his current total investment asset because the bitcoin price has corrected. Obviously he is not a person with a lot of experience in this area, but because he is so sure that the bullish will continue, he will keep his asset for a longer period of time. I will probably admit that wherever the price of bitcoin goes there will be winners and losers.

These dips don't matter infact if we have a look at past price history of Bitcoin.We reached ATH of $64k and we were Happy but now when they are down to $35k what's the big deal in this?At one point we were standing at $3k in previous 2 years so it's still far better than that.On the contrary basis it is sometimes best when you have surplus fund and want to invest again but due to price cannot.Long term hodlers treat dips as opportunities to gain more profits which we also need to do.Then dips become special occasion for us.

Same. I'd also like bitcoin to drop in the short-mid term for the exact same reasons as you've stated. Do I feel guilty because some people get hurt by the drops though? Not really; because bitcoin will move where the markets will lead it to anyway, regardless of what my wants are.

Never ever miss any dip when correction market is going on and it's really great to get another oppertunity to accumulate more btc at low price . Indeed, it's the best thing for diamond hand hodlers of bitcoin. Though few users will be upset with the current situation and will always complain about market manipualtion, but it's not the first time as we already experienced this type of huge correction previously and investors always push down bitcoin so that they could accumulate more in their portfolio. Whenever they'll be finished with their accumulation, bitcoin will rebound from this sidewise movement and good news will be started to circulate. As a result, major resistance would be nothing because of huge volumes and bullish again for another new ATH.  ;)

Interesting.
But nothing is lost if you know how important a secure decentralized finance is. The price went down but the value remains strong.

I think it's good to see the community/people buying those dips rather than having the whale do it. Better to have the coins supply in the hands of thousands/millions of people rather than in hands of the few.

Yeah, it's just the matter of perspective. Many people might complain about the price drop, especially those who are not patient enough to hold and only want instant profit. However, it's such a good news for others who want to afford bitcoin in a lower price, and will be able to let new players into market as well. This dip is such a golden opportunity and shouldn't be missed.

Sure, many of us appreciate that the value of bitcoin remains strong in spite of these various dumps that seem severe at the time, and perception of ongoing value seems to be part of the reason that there are limitations in terms of how much dump can be achieved and how long the BTC price can be kept down.

There are going to be ongoing attempts to push the BTC price down, but questions remain whether they will be successful because for sure we know that there are some who have goals to push the BTC price down as far as they can and to keep it down as long as they can, but at some point they run out of ammunition whether it is more coins or more FUD,.. and just are no longer able to change the UP momentum.. and we surely seem to be in an ongoingly UPward pressure time, in spite of signs to the contrary.



Perhaps you are correct that more retail are buying at this time.  It can be quite difficult to know who is buying because surely some retail has gotten scared out of their coins and scared from getting into BTC.. It seems to me that institutions and richer folks could be accumulating behind the scenes and we cannot really know for sure who is buying exactly.

In the end, not even bitcoin gives any shits about who is buying or not.. and sure there could be some inclinations towards skewed acquisition, and we know that it is better for smaller players including poor people to get some BTC.. but really difficult to imagine that a lot of them are doing it..

Everything has it's own pros and cons and it's just our perspective and priority towards it.
Bitcoin price going down might be earth shattering news for some while the same is also a buying opportunity for the other.
For me it doesn't matter really. True bitcoiners will HODL it and care less about the current price.
I am not a "Never sell" kind of person but I do use my coins whenever I am in need it of it.

From the bad session, there must be some good, so we must be able to understand that each one wants a different perspective in assessing and the pros and cons will be two choices of buying or selling, that is what is often associated with bitcoin, which is currently still being said in terms of the badness of FUD.
I'm also not a good HOLD but I do what I need including buying now and selling briefly, that's what I'm looking for, therefore some people will doubt whether the decline will be bad or vice versa, with what I pay attention to bitcoin can only afford 40k for now.

While this might be true it doesn't relate to every supposedly short term investors. Some times the market situations can make you change your plans, you could take some profits as a long-term investor if the market creates the opportunity and the wise short-term investors should know that they will only loss their money if the sell in the dip hence HODLing for a longer time should be the option. I have played both situations and I know many other investors most have too.

I've said this a couple of times already, market manipulations only somewhat affects the Bitcoin price for the short period, the thing is just that, quite a lot of people who buy Bitcoin do not really understand too much about it, neither have they dug deep into it's history and how the price moves. Manipulations like that perpetrated by Elon is only ephemeral, but 'weak hands' and users with low knowledge are moved by it and sell out of FUD/panic.

Attempts to keep the price of Bitcoin down fails in the long period cause such people/institutions can't control the network, thus when their manipulations wane and the price starts appreciating yet again, it's becomes productive for individuals/corporations who held on to their coins; people who really understand the Bitcoin network wouldn't think about selling yet, at this time.

Although several fines and spreading everywhere, Bitcoin will still be taken from many countries,services and development is still underway. It should be what's going on and bright for Bitcoin in the future.Even though many FUDs spreading and dump everywhere Bitcoin is still going to be adopted from many countries,service and the development is still run. This is what should be and the future is bright for Bitcoin.

Yes, the urge of that thought "I wish I had bought more bitcoins when the time was right" is also unstoppable. This is the one chance no one should miss. I have myself made mistakes of selling bitcoin too quickly whenever there was upward movement for the bitcoin. I always thought that it was the ATH and no more! But I was wrong all the time and BTC kept rising to unbelievable prices. I still remember I know bitcoin from 500-1000 USD rate, I regret it. But now I understand that it is the same thing 10 years from now, where BTC supply is almost may be 95% in circulation and the prices roars to 100-200K! I wont be surprised at all after seeing that.

Well some people don't see it that way especially when all their accumulated profit will disappear into tin air, buy those who already understand how the market works will be take advantage of this dip and fill their bags as much as they can. It is a win win situation if you understand it.

I really like thinking like you, and thinking in a different way than most people where they only think about losing and selling.
if everyone thinks like this I think everything will be fine because with this decline they should consider it a blessing because they can get a big discount and of course moments like this should be used by increasing existing assets instead of selling some for fear of being harmed.
keep thinking positive because in the end everything will be fine because after this decline there will be an increase and I still believe that

Do you think bitcoin will ever recover and return to $65K or even above? How many of you believe that the current bearish trend is temporary and the bullish run towards $100K will start sooner rather than later?

Yes, of course, if you believe that it is going to take 10 years for the BTC price to roar from $100k to $200k, then surely you are going to be very likely to sell too many coins too soon.

I do not recommend for BTC HODLers to HODL their coins forever, but I do frequently suggest to not be selling too many coins on the way up, so even if the price goes up way beyond your expectations, continue to hold onto a certain quantity of BTC.

Sure, people get scared to lose their value.. so it is quite difficult to suggest holding for another 4 years once the bear market comes (whether it is coming now or if it comes in the near future).  

Of course, part of the reason that it becomes way easier for longer term BTC HODLers to continue to hold their bitcoin is because they have either already taken out a decent amount of profits along the way, or their BTC holdings are so great on paper that it may not cause them panic even if the BTC price drops 50% or even 85%, even though surely anyone is still likely be somewhat bothered by really great price drops, even if they have 1,000 BTC, for example... and maybe their personal goal was ONLY to have a few million dollars in value, but then their BTC value becomes 100s of times greater than their highest of goals.

The regular Joe Blow who is starting now or who has only started recently may need to go through a few price cycles before his/her profits are great enough to allow for high levels of detachment from volatile prices, and even with that there are no guarantees of getting to that level of detachment either - even though bitcoin  continues to have a lot of upside potential, it surely is not guaranteed that its trajectory is going to continue upwardly, even if there are a lot of BTC price prediction models that support high probabilities of ongoing upwards price movements.


It is not win win if they bought 2 bitcoin at $10k (so $20k) and then they sold at $40k because they panicked ($80k -$20k = $60k profits), but then the BTC price goes to $300k and they do not buy back in and they keep waiting for a correction below $35k in order that they can buy back in at a profit and that does not happen..

Sure there are other scenarios too, in which there is way too much selling too soon and a failure/refusal to recognize the value of bitcoin and therefore, no win, win had happened, even if at the moment it might feel like a win, win.


Who cares what others believe about the price direction?  The main thing for you, on a personal level, should be whether you are adequately prepared both psychologically and financially for any price direction and variations between, whether up, down or sideways.

What have you done to prepare yourself for any of those directions?  And, have you planned out on a timeline that is for you and accounts for your various other individual factors?

It is already a winning scenario no matter what direction the price of Bitcoin goes if a person sold at a profit.  Asking for more can be called greed and many have lost more if this engulfs their thinking.  It also brings frustration that can affect a person's health.  So be satisfied if the target price in selling BTC is met, and aim for buyback, but if it does not come, then let it go and move on.

---

Well, for those who sold at peak, it is the best thing to happen because they can buy back at a huge discount, but for those who missed on selling at Bitcoin's peak price, then better luck next time.

People were really hesitant about buying from such a high level before this big dump. But now, there is a really great opportunity to buy some. This is another good time to buy and HODL again.

Well, your decision might seem right ATM to you but I sincerely hope you don't regret it a few days from now because Bitcoin isn't dumping. It's in uptrend and what we are currently witnessing is a momentary correction. For those who want to hastily sell off, they should remember that 2021 is a post Bitcoin halving year and as such should expect a bull rally till a few weeks to the end of the year.

As for the crash, and OP's position that it's the best thing happening to Bitcoin as it will afford more people the opportunity to buy the dip. Don't be deceived. It's mostly whales that will utilize that opportunity. Weak hands will always remain scared of getting in whenever there's a crash.

In a way yes it is a big blessing in disguise for those who really want to get in cheap,  from 62k down to 30k is a really good deal for investors to take,  even though the price is a bit down but the recovery aspect is much fun when the time comes.

Well , I guess you'll be overly insane with joy, when Bitcoin drops to $16K next year.  :P

Even I would prefer if BTC just shot up to $1 million per coin next week, and they call me a troll.   :-\

This is true and the previous 2017 price increase and 2018 huge drop is the strong proof of it.
Only strong hands could hold for a long time and gain so much for waiting,
We need to be cautious if we want to earn big in crypto don't let the FUD and FOMO destroy you.

For speculators in the market as a whole, it doesn't matter how bitcoin behaves. If he goes up, any fool will make money on it, but if he is shaken back and forth then only true speculators and experienced traders can figure out how to do it. In addition, it takes newcomers from the market who do not understand where they are and just people with "weak hands". Now the relative calm is interrupted only by the next careless statements of Elon Musk on twitter.

First of all.  My point seems to have gone over your head.

Second, I already conceded and set forth a scenario in which they are already in profits for the moment...

Thus, you seem to be wanting to argue for the mere sake of it, or you are trying to encourage trading or fucking around with all of your BTC stash or all or nothing types of gambling behaviors, which frequently have way more costs than benefits, unless you happen to be a professional in those areas.

Seems to me that there is a kind of assumption here that we are not necessarily speaking to professional traders but instead regular people.. If your audience is professional traders, that might be another story, but I am not going to assume it without a scenario (such as OP) being set up in that direction, which we do not have those kinds of facts, here.


You seem to be going on a tangent.  If you are playing around with your portfolio and trading, then that would not necessarily be the assumed "non-greedy" approach, even though understandably in a trading context there is quite a bit of logic in taking profits off of the table, but again, in a bitcoin context, we are not going to be automatically assuming that it is good to be taking profits in dollars, and there are actually quite a few presumptions contrary to that.. when your audience here are people who are looking into ways to attempt to accumulate and hold onto bitcoins..


You are full of presumptions.. too many, so it seems.


Maybe you should describe the facts a little bit better.  I set forth some hypothetical facts of selling at $40k and the current price is $37k.. so what you going to do at this point?  Do you have other facts (hypothetical or otherwise) that you would like to work with?


That is a pretty BIG assumption.  So you are going to assume that people sold at the peak?

O.k.  Let's go with that.  You sold at the peak.. let's say in the range of $60k to $63k.. not the tippity top, but pretty close.  The BTC price is now $37k, and it had gone as low as $30,066.  Have you bought any back yet?  When are you planning to buy back?  Flesh it out a bit.  Let's hear what you are talking about, serjent05.  I am granting you some already pretty favorable conditions to suggest that you sold at the top. 

Maybe you want to describe some other conditions about this person?

Do they have any other bitcoin besides the ones they sold?  What's their cashflow, other investments, view of bitcoin compared with other investments, timeline, risk tolerance?  What are there skills and abilities to plan, learn, strategize and reallocate from time to time, including are they able to use financial instruments (do you recommend that?).

In other words, unless you flesh out some of the above factors, you are making a whole hell of a lot of presumptions if you think that a person should be waiting for further bitcoin price dippenings from here.

Best thing?? There's a lot of people out there who lost their money, their everything risking for a better life! NOT to get rich!! Keep in mind

Definitely, it has to happen and should expected by most especially those who have been years in the market and experienced those past bull runs.

They don't look at this perspective. What they look is asking something like this "will bitcoin recover?" "is bitcoin dEAd?". Those questions are being asked instead of looking to the buying opportunity.

As OP points out despite the fact that the price of bitcoin has fallen and as we also know the reasons. We have good news that will develop, for example the FED has mentioned bitcoin as a digital asset that is not suitable as a means of payment and also pointed out that stablecoins offer other advantages for users, an appreciation that we share.

For its part, the FED is working on:

Yeah, I also agree that we should have a plan B also every time. If we adapt to the movements of Bitcoin price, we won't be in a very big loss easily. Otherwise, things may not end very well for investors.

For me its not the best thing but its great move in 2021 so far. It always happens. especially when the price has gone up too high as before. A correction like this is actually considered a good moment to start actively waiting for the right time to fill your investment and buy some more.

For sure, institution don't like to buy at ATH, this is when they load the boat. See ya on the moon in a couple months!

you are right about this. Current prices give new people the opportunity to enter the market. if the market continues to rise, new investors will be afraid to buy. they will think what if the price suddenly falls or the market crashes. it's like any other opportunity to enjoy profit from bitcoin.

Institutions bailed their money before the crash so they really didn't get damaged at all. Yes it's the best thing for me since it gave me an opportunity to buy bitcoin at a really low price and given how charts and investment companies are pointing towards a new ATH for bitcoin, pretty sure that I did the right thing by investing at 30k.

How do you know which institutions did what and sure you can paint some kind of grass is greener on the other side scenario, but there are probably all kind of performance results including quite a few BIGGER players who are either just holding through this situation or buying more, just like you did.

Sure, there might be some examples of institutions or BIG players in superior positions to be able to know that a large correction is going to happen before it happens, but I believe that there is way more fantasy in believing that too many peeps are actually in a position of superior information (which would be knowing that the BTC price would dump and also does anyone really know how far it is going to be able to be dumped.. sure they want is much as they can get, but does anyone really know in advance, especially when it comes to specifics.. I have many doubts) and acted on such information.

hello sir, yes what you said is true, now maybe bitcoin will start a new phase with FUD which has been heard in the community, it all depends on where we choose to leave bitcoin or hold some of our assets to see the development of bitcoin, and currently people -big people there flocking to get in bitcoin and offering their projects and here big banks start trying to get in on the bitcoin wave

Some people think like it is the best thing but some don't. Because there have been many people who saw this as a opportunity to accumulate. But also many people were unhappy as they lost a lot of money.

In your perspective, it is one of the best things that ever happened to you.
Now ask those people who bought Bitcoin at its peak or at least near its peak. Do you think that it is the best thing for them??

Different people have different feelings on what happened on the market these past few weeks. Some are happy to buy at the bottom and some are sad because they are at a loss of about half of their total portfolio. Some are proud of themselves because they took the opportunity to buy at the bottom while some are regretting because they bought at the highest price.

Sad that many newbies in hodling are about to get their coins bought by those waiting "in the sideline" as you mentioned.
This isn't anything new now for me especially when Bitcoin plummeted back to 3k in 2019.
I wonder how many panickers regretted their decisions that day as well.

I am not really sure if I will be happy about this fall. I do not have any profit yet since the last btc ATH. The signature campaign I participated does end yet. But hopefully this year btc price recover so when the campaign paid me, I will also earn big. I do not have anything to buy. My money will be all for my needs so I can't trade or either bet.

Let's try to be specific with our bullshit assertions about some people x and other people y, because the fact of the matter should be that if the BTC price goes up 6.5x (from September to April), then you better fucking be prepared that the BTC price might not go up from that 6.5x price rise (or at least not right away and there could be a fairly lengthy delay in terms of both getting back up there and continuing to go up from the ATH price point), so I hardly have any sympathy for those peeps who are jumping into whatever investment (BTC or otherwise) and expecting the price to ONLY go up.. especially if they are buying BIG (hypothetically) on the way up.  

That's nearly pure nonsense to even expect that those buying at or near the top peeps are representative of anything beyond having unrealistic expectations.

Let's take a more realistic person who may have bought $10k worth of bitcoin in 2020, and then just continued to buy fairly aggressively at $100 per week, so maybe this hypothetical person (of having around a year in bitcoin) has invested another $5,200 (that is 52 weeks x $100) into bitcoin.  So maybe he has a total of $15,200 invested into bitcoin and maybe 1.5 BTC.. So in the past couple of months, his BTC portfolio value went from $97,350 (1.5 x $64,895) (which would have been $82,150 in profits) down to $45k (1.5 x $30,066) (which would have been $30k in profits) when the BTC price was at its lowest, so far.  

And, so now as I type this post, this hypothetical person of one year in bitcoin has a BTC portfolio value around $54k (1.5 x $36,000) (which is $38,800 in profits).  That is a person with 1 year in bitcoin and who is not fucking around with trying to trade or engage in bullshit strategies of timing and getting worked up about over investing, but just trying to accumulate bitcoin at a rate that is presumably reasonable for his budget, and I see little to no reason for such a hypothetical person to panic or get worked up because his level BTC value dropped more than 50% from $97,350 at its peak down to $45k at its low point.  If you do not overinvest and you engage in reasonable investing strategies while accounting for your own financial situation, then it seems quite likely that the longer that a person has been in bitcoin and reasonably accumulating BTC, then the more likely they are in profits - even with the 53% price dip that is now bouncing around a 40% to 45% correction arena.  

If you have set some BTC accumulation targets, then surely it seems like a good plan to just keep accumulating BTC.  On the other hand, if you had already reached your BTC accumulation targets and you are in a kind of maintenance mode, then at some point you do not necessarily need to continue to accumulate BTC, even though a 50% price dip and then a kind of bounding around in the 40% to 45% price correction territory does seem to be a good place to accumulate a bit more, even if you may feel that you are already in a high enough allocation level in terms of your BTC.  

In the end, each person is going to need to assess where s/he is and figure out, if more accumulation might be a good thing when there is a decently large drop in price or if maybe just waiting to see what happens in terms of planning to accumulate more if the price were to drop more, which is also far from guaranteed, but does not hurt to be prepared psychologically and financially for either BTC price direction, and don't engage in strategies that will cause you to panic along the way.  

For example, if you are a relative newbie to bitcoin and/or you made some mistakes in recent times and you bought way too many BTC at too high of prices (such as buying a lot of BTC between $50k and $64k) and not adequately pacing yourself, then hopefully you can learn from this whole situation and attempt to figure out some portfolio management strategies to make yourself feel better both financially and psychologically, and likely one of those portfolio management strategies would just be to continue to buy BTC, and if you have run out of money to buy more BTC but you still happen to have a job in which you have a sufficient cash flow in which you can buy $100 per week, then seems that if you continue to buy at $100 per week (or whatever happens to be your reasonable assessment of your cashflow and your budget) sooner or later BTC price will go back above your average cost per BTC, and if you are buying more BTC below your average cost per BTC, then you would be bringing down your average cost per BTC.  

Another possibility is that you do not have any more money and you don't have sufficient if any cashflow, then you kind of fucked yourself by gambling and buying too much, but there still could be a strategy to HODL through this period, so hopefully people learn not to be investing more than they can afford to lose including making sure that they have a cashflow and if they were to take out debt to buy BTC (ending up at higher than current prices) that they are able to continue to service their debt during these kinds of periods that may only last a few months, but sure there are scenarios that it could take several years to get back to our previous ATH levels (doubtful but surely within the realm of reasonable possibilities that anyone should be prepared for those kinds of scenarios (even extreme ones) when they get into buying BTC).


Well what is your investment timeline, ArIMy11?

With traditional investments, many people take 30-50 years to establish a large enough investment in order to reach a kind of "fuck you" status, and surely a decent number do not really reach that kind of status and/or are unable to really stop working at some point and to have various kinds of income coming in to support them through their remaining years (which is also a bit of an unknown).

In any event, seems to me that bitcoin has the potential to accelerate the timeline in which someone might reach "fuck you" status or at least be able to provide a decent amount of supplement to other forms of income - even likely provide some hedge in regards to other forms of income or assets NOT adequately holding their value.  So if your timeline** is long enough 4-10 years or even longer, then surely, you can be quite advantaged by just figuring out ways to just plod away at accumulating more BTC and letting it grow and using your other moneys for your daily/monthly expenses.



**Even though your time in BTC will continue to run as you are investing in BTC, your timeline for anytime that you are considering investing more into BTC (or earning more from services or signature campaigns) should be measured from the time in which you accumulate more BTC or inject more money into buying more BTC.



Of course, some people want to try to reach "fuck you" status in a very accelerated way, but does seem a bit unrealistic and likely even folks with decent amount of value might well need a few 4-year cycles to really start to accumulate value in their BTC portfolio to be able to start to feel comfortable to start to draw against it.. but otherwise, keeping and maintaining BTC portfolio that is hopefully increasing in value in the broader picture - larger cycle spaces, would seem to be a prudent way forward for anyone who is able to manage it and don't get too impatient with how long a process of value building can take, even with a seemingly good investments, that bitcoin seems to be.

Have to agree with this one because I bought some during the crash and now that bitcoin is steady and is in a limbo, the bitcoin that I have bought has already had a big profit margin.

Yeah, I was hoping it crashed a bit more lmfao atleast the alt coins specially that go up and down with Bitcoin. Seems like it's fixed and will only move up from what it is standing today right now. Who knows though, maybe another big dip is waiting and we might go towards the end of the year price which was $10k around or something, but am pretty sure if it goes to that, there will be more dump than a pump, which is what makes the opportunity greater for investors because the panic in air will be like a miracle for holders. Sounds too good to be true but it's crypto and it's 2021 so anything might happen!

You expect Bitcoin to crash, because you don't buy Bitcoin above $60k, for people who buy Bitcoin at peak prices, they definitely expect Bitcoin
to go up again soon. Regarding the current Bitcoin price whether it will go up or down, I don't think anyone can predict it correctly. So the decisions
we will take now must be carefully thought out, lest we regret the decisions we take. I believe the price of Bitcoin will soon rise above $40k,
because the market has started to saturate, the price has always been stable at $35k-$38k in recent days.

I did not expect it would fell till those levels, those fall was inevitable to some extent considering eh one way ride has happened. But Elon's tweet and China's ban happening simultaneously actually made it more worst then it could have happened. Due to these the btc fell badly till 30k else could have sustained above 40k. But got a god buying at lower rates else could not have being possible to buy at such discounted rates.

However, we are now closer to zero than to 100k. All this fud could cause even deeper dive in the next few weeks. That will be not so healthy for crypto

I think it is a good thing when the Bitcoin community can be cleansed of the weak hands and the speculators. It will be good for Bitcoin if we can do that 2 to 3 times a year. It will also be great if the price will recover and then stay stable for months to give the merchants an opportunity to accept Bitcoin as a currency.

The primary goal should be for Bitcoin to be used as a currency and not as a commodity and high volatility is not good for a currency. Fiat currencies are manipulated by governments to be stable, but the Bitcoin price is purely based on Supply & Demand and it will take time for it to reduce the whales and to have a more even distribution of coins for a more stable price.  ;)

I don't know but this gonna happen whether we like it or not. People who did the selling during the bullish season have a good time in crypto, definitely, they are profiting more than anyone.
In my part, I was very happy as the market reaches back to $30k + so I can invest again, but I was thinking also about what will happen to those who bought Bitcoin during the hype. I assume that they will still be holding it until now, but the question is how long they could stand for it?
Some people got lucky but some also are in regrets...the real talk.

We were also closer to $0 than $65k in September, but we ended up going 6.5x the then price.

So shows you how ridiculous any assertion about zero is, in terms of a comparison.


Yes, we might get a deeper dive, but we also may have reached the bottom already. So, hopefully you are not betting so much on down, when we might not go down more.

Seems a bit retarded for some folks to be expecting more down in a bull market when we have already gotten 53% down..

Sure, anything can happen, but best to be prepared for either price direction rather than just one price direction.


Who gives any shits about "crypto."  We are talking about bitcoin here.


People can use bitcoin however they want to use it.


I doubt that you merely get a "stable" price from having "equal distribution of coins", but as the BTC price rises, it becomes more difficult to manipulate the price, which will likely lead to more stability.

Even though there have been a lot of claims that bitcoin is becoming more and more stable, and probably the evidence shows it becoming somewhat more stable with the passage of time and the increases in its market cap.  However, large drops of 53% in less than a month and also most of that drop coming in a day or so, does not inspire confidence in regards to bitcoin's price stablility.  I would think that bitcoin will continue to become more and more stable as its market cap continues to grow.. and sure perhaps bitcoin will need to become 100x gold's market cap before it starts to become way less manipulated than therefore relatively more stable. 

Bitcoin price is very volatile.  Therefore we should invest in long term not for short term investment.  Don't buy bitcoins for trading.  But buy bitcoin for future investment.  Now the price of bitcoin is only 36k.  this is our opportunity to buy long term investment.

What sort of logic is that? Another 2x increase in the prices should take Bitcoin to $100,000. In order for Bitcoin to drop to $0, the price needs to be dropped by tens of thousands of times. So your logic doesn't make any sense. Anyway, if you want to invest in Bitcoin, then you need to have patience. Bitcoin will not make you a millionaire overnight. You need to hold the coins for many years, to become rich. Compared to the levels we had 12 months ago, we are still in green, and that too by a massive +300%. Let me know what are the other assets that gave this much appreciation during this period.

It's not exactly the best thing but sure it is really a great chance for those who want to add their investment, or for those who want to afford bitcoin in lower price. If the dip encourage people to buy more bitcoin of course it is a good thing, since the price is affected by supply and demand, and when the demand increases then the price will increase as well. Maybe this can lead into the increase of bitcoin price more and more to the goal reaching $100k.

Bitcoin is known to be more profitable in the long term than in the short term but that is also not the reason why bitcoin should not be used as a day traded asset. Day trader take profit of market fluctuation to make a profit, so fluctuation in bitcoin trading should not be blamed as a form of risk that people should avoid. Although currently bitcoin has experienced a decline of almost half of the previous ATH price, I believe trader and investor are still quite confident in the potential it will achieve in the future.

It's always a good time to buy bitcoin when it going dip its a common as well that there will always a negative thoughts of some ppl when it comes to the situation. But the fact that bitcoin still upgrading or should i say it keeps getting stronger when it always plunges that would be enough reason to buy and hodl... Indeed this isn't new and bitcoin always experience such declined but see what happen afterwards? It keep making ATH and always going to the moon after it fells like a rock.. That's why bicoin believer will always win on this race.. Not those negative ppl. Just saying.

If you are using the long term method and want to make a purchase now, this may be the right choice to make a purchase and although such things have become commonplace for those who have been in the industry for a long time.
the difference from year to year is only the development, growth and adoption that continues to grow.
and if you make a purchase now for the long term you will likely get double the profit if it reaches the price of 65K or more.

Yes, if you are aiming for long term then this would serve as opportunity since the market already grown and now currently experiencing
correction, just make sure that you are ready to hold for much longer period to lessen the chance of losing your investment.

Development and adoption bring value to this asset, with more to come the value will grow more as well.

Very possible as it happened before to those who believe and continue supporting this market.

I cannot resist trolling you here, bryant... .. you made a couple of points and even though I largely agree with your sentiment, they seem worthy of discussion and/or clarification.

The logic of saying that we are closer to $0 than $100k makes sense because let's say at just shy of $36k, we could lose 100% and then we are at zero.  But if we gain 100%, we are only at $72k.. but there is some lack of appreciation for how difficult, at this point to get bitcoin to actually go to zero or even anywhere close to zero.

Personally, I am currently considering getting below $20k would be really tough absent some pretty severe events.. but we have seen them before in the past.. Another extreme bottom would be the 208-week moving average, which is currently at about $13,000.  We have touched upon the 208-week moving average a few times in the past, and actually dipped below it for about a week around the time of the mid-March 2020 liquidity (it was at around $5k at that time).

So, surely I agree with your overall point, bryant about such difficulties to get the BTC price to go down below certain price points, but one of the wonderful things about any asymmetrical bet, and bitcoin seems to be one of the more convincing ones in current times is that for every dollar or other quantity of value that you invest, you can get multiples of returns of that dollar.. but you are ONLY going to be able to lose up to 100% at the most, of course, if you use leverage that is another story and perhaps another reason NOT to be fucking around with leverage because it is NOT only not necessary with such an asymmetrical bet such as bitcoin, it is also causing your already risky bet into bitcoin to become way more risky (actually some people are starting to consider bitcoin amongst the less risky of bets, these days.. which is kind of a recently increasing frame of mind in regards to bitcoin).


If you started out investing $750k into BTC at $35,715, then that would get you 21 BTC.. not a bad number to achieve. 

Then if bitcoin went up to $47,619, then you could become a millionnaire, perhaps even overnight... you never know.

Sure, you might be referring to smaller levels of investment, such as someone who might be more of an average joe with perhaps $10k or $20k that s/he could lump sum invest into bitcoin and then maybe buy BTC on a regular basis.. perhaps another $5k to $10k per year... So, yeah even a fairly aggressive investment strategy like that could take several years to play out before the BTC portfolio reached a million in value.

However, if someone takes [url=http://a 5-year time horizon, and looks back, a mere investment of $200 per week (which would be $52,200 invested for that period and achieved a BTC portfolio of 18.8 BTC)]a 5-year time horizon, and looks back, a mere investment of $200 per week (which would be $52,200 invested for that period and achieved a BTC portfolio of 18.8 BTC)  (https://dcabtc.com?sd=2016-06-06&sda=5_years&f=weekly&d=5_years&ac=20000&c=true)[/url]would have brought the BTC investor to millionaire status for the period of time that BTC prices were above $53.2k.. sure only a short period of time, and at current BTC prices, such portfolio would only be worth $722k.


On the other hand, let's say that such BTC investor had a quite a bit of reservations about buying BTC with a lump sum, so such person began investing with DCA in the beginning starting around May/June 2016.. but then with the passage of time and studying into BTC, there came more conviction about the long term bullish case of bitcoin, so in around August/September 2017 such investor decided to make a lump sum investment into BTC of an additional $20k - and such person was not able to exactly buy the dip, and mostly ended up FOMO buying at an average price of about $4k per BTC (which would add about 5BTC onto their current DCA-ing stash) so would have 23.8 BTC currently.

So, currently at $36k prices such 23.8 BTC would be just shy of a $1million valuation at $857k; however when BTC prices were above $42k, such portfolio would have been worth more than a $million.

Surely, the premise of NOT becoming a millionaire overnight remains true, even though there are some scenarios that we could paint for normie peeps to have become a millionaire in a decently quick status because they had taken an assertive position in their BTC investment and without necessarily employing much risk.. just investing an amount that was doable for them, and surely I would recommend against using leverage.

Currently, we have a bitcoin price dynamics situation in which we may well NOT be able to reasonably expect the same level of percentage returns as had been achieved in the past 5 years, so maybe such person employing the same or a similar strategy might need to either invest more or just have a bit of a longer time horizon.. if $1 million were the goal or some other amount of value. 

By the way, when I got into BTC investing in late 2013, I had considered a million dollars to be a kind of bare entry-level amount in order to enter into "fuck you" status.  If you think about it, with a presumed withdrawal rate of 4% per year, $1 million could bring $3,333 per month of passive income (at least income from withdrawing 4% per year from the asset).  Currently, with inflation that has already occurred since 2013 and including both recent money printer (go burr) and ongoing expected increases in
prices, likely a minimum entry level fuck you status is going to have to move up from $1 million to $2 million....   Sure, there are probably people who are going to need more than that and some people would be able to get by with less, but just as a general guideline.. probably $2 million is a more reasonable target for minimum level of "fuck you" status.. that would thereby generate $6,667 per month of passive income.. based on such 4% per year withdrawal rate anticipations.
 

I like to suggest that anyone getting into BTC, should consider holding their coins for at least 4 years minimum from any purchases that they are making and of course 10 years or longer is even better.  So, going through a few 4 year cycles in BTC would have very decent chances of putting many people in a decent place as long as they are holding and accumulating BTC with whatever strategies are comfortable for them.. hopefully without going overboard in terms of how they manage their investment and cashflows, and being able to live (and pay expenses) through the ongoing ups and downs that are expected to continue in BTClandia.

Expectations always don’t favour ourselves.
I too expected that BTC won’t fall so much, but gradually it went more down.
I guess this is just because of some rich people boycotting BTC from their services.
And personally i am not happy after seeing the dump of the coin, as i was planning to sell the coins at high price.
Nevertheless i will hold more and will see where the price ends.
Wish all of us best of luck.

Not everyone is actually happy about it. There are many people who considered themselves suffering because of it while others are saying that it is a great opportunity to buy during the dip. We should not be too selfish and consider other people's feelings with regards to their investments. Bitcoin will soon recover once again that is why we should all not be sad about what's happening and find a way on how we can take advantage of the current dip. We will soon get our holdings back again, just have faith with bitcoin.

I understand how some investors felt saddened about the current dip because all their investments seem to fall but we should not lost faith in bitcoin. Bearish season is part of bitcoin and we will not be profitable unless we learn to survive from this dip.

Honestly, i see this dropdown a big opportunity to buy and store more bitcoin in my portfolio but it would make me create more opportunities if the price will be atleast $10k so others will not think it still quite expensive. This bearish moment is a good time to enter crypto market as bitcoin price will eventually recover and reach new ATH after all this negative issues will be resolved.

Probably not everyone of us here may felt the same thing as what OPs felt about the recent market crash. I felt that OP's is full of positivity that he see the goodness or see the improvements to the system of usage of bitcoin in the society today rather than using the crashed as an excuse to panic selling or what else.
Everyone felt that this sudden bearish season really one of the biggest losses they have, but we already know that a bearish season is one of the season of bitcoin right. I mean we only have two season in crypto which is the bullish and the bearish.
But in my case I am waiting for the bearish season of bitcoin so I can bag more btc, this season is a chance for me to grab but I am also waiting for a $10k of bitcoin if possible which I guess is possible but I don't know when it will going to happen.

You will be quite lucky if you ever can buy BTC in the $20ks ever again.. so hopefully you are not ONLY planning for down, especially all the way down to $10k-ish.

We have a lot of examples in BTC history where no coiners and fence sitters were waiting for lower prices that did not happen.... those instances are probably way too numerous to list (or waste time listing them). 

Moral of the story, is that you should be prepared for either direction.. so if the BTC price goes shooting up to $65k and beyond, you are not going to be whining because you could have bought another .5BTC at $36k, but you were too fucking busy waiting for $12k so that you could get 1.5BTC.. but you end up with 0BTC and you have to buy .25BTC at $72k after it drops from $300k back down to $72k.. and you were sitting with no coins the whole time because you failed and refused to prepare for UP.

From how OP has explained I do agree that there is some good coming from the crash, and the benefits outweigh the bad effects of it.

Of course things like investors confidence will be hurt but like people say one man's treasure is another man's trash **should be the other way round  ::)** but you get my point...you could choose to dump the coins but others are on the side line waiting to buy the dip.

And the crash got free marketing and have others an opportunity to enter the market.

Hmm.. yeah.. have to agree.. I didn't calculated it properly. You are right in saying that a 100% spike would take us to $72K, and a 100% drop would take us to $0. Although practically it is impossible for Bitcoin to drop to such low levels, I understand that theoretically it makes sense.

And regarding the "millionaire" question.. once again I can't deny your claim. But how many of the users will able to invest >$100,000 in Bitcoin? You are saying that in 2013, you considered $1 million as your minimum entry level. I made my first investment one year before that. Back in 2012 I got 15 BTC for around $150. Well.. that was my minimum entry level.  ;D

And I agree with your last point, regarding the 4-year minimum period for holding. I am holding coins from 2012 onwards, and the returns that I received in the long run validates it.

I guess that I was attempting to give some benefit of the doubt to a largely dweeb assessment that was saying merely that we are closer to $0 than $100k - which we already know in bitcoin's history that it has had a large number of doublings, triplings and even 10x-enings...

So, even if it  is possible that we never reach $100k, the comment about being closer to $0 seems to be quite detached from reality and maybe one coming from a nocoiner/bitcoin naysayer.. or some other variant of nonsense spreader.


I was throwing all kinds of numbers out there in terms of attempting to show various ways to get to $1million, including a scenario of getting there overnight... So, surely if you are investing more, such as investing greater than $100k or investing $750k, then it is going to be easier to reach $1million.



I was not necessarily saying for myself specifically, but moreso asserting for a kind of average Joe Blow, even in an average western world city, $1million would be a very good target to begin to consider that he could largely support himself with $3,333 per month passive income.  Of course, there are a lot of expenses that people have, and surely the more complicated his/her life than the more difficult it would be to get $3,333 per month (or $1million in capital to work for you).

So, $1million was not really mine specifically - even though I thought that it was a good place to start to consider and surely talking about the matter in terms of a $1million target would be something that people would be able to relate to and to consider if they would be able to get by for less than that or if they needed more.  I surely had heard responses from people saying that they were humble and could get by on $500k, and others proclaiming that they needed $6million to $10million as their bare entry level for that.  Some of those higher numbers do seem a bit ridiculous for me, in terms of both considering entry level entry into fuck you status.. and also, a kind of failure/refusal to recognize the power of having passive income of even $3,333 per month (the $1million point).... I am not denying that people could create those higher levels as their personal considerations for entry into "fuck you" status because maybe they have already considered that they are already spending at those levels, they are considering maintaining medical insurance, they are wanting to live in a more expensive area (by choice rather than a job causing such an obligation) and/or they are thinking about the dollar losing its value so they need more cushion for their income level.

Personally, I believe that the error of the real high entry level thinkers is that they are mixing up entry level fuck you status with some form of richie status or rich as fuck status, even though - there are degrees to those higher levels of rich too and many of us are not going to agree what thresholds are needed to enter into those various statuses... but I did concede to move my consideration of an entry level into fuck you status from $1million to $2million.


Well one thing is investing early, and another thing is considering your thereafter plan.  Yeah, $150 to start out is NOT a very BIG amount to invest.  My first purchase was $1,500 in November 2013 to get 1.248BTC.  Of course, I continued to invest because I created an investment plan for 6 months, and then I extended another 6 months and mostly I reached my BTC accumulation target levels in late 2014 - so I graduated a bit into more of a maintenance stage which still involved some BTC accumulation.. and surely my BTC  maintenance and even some of my periodic liquidations (scraping of small portions) has been tweaked over the years in a variety of ways in an attempt to keep my BTC holdings in a position of comfort for me and my situation.

BTC is such a seemingly crazy investment, that I find it difficult to conceive of someone NOT really actively continuing to invest in various ways through a 8-9 year period, or to be taking other measures to manage their BTC investment - and surely one of the questions of this thread is what to do when the BTC price drops by around 53% from, and surely the questions raised for longer term BTC holders is going to be quite different than someone who is newer into the BTC space and still figuring out his/her BTC investment strategy (or maybe even considering BTC as a gamble or not even knowing why they are in BTC - and a 53% price drop can cause them to reconsider their involvement in BTC).

By the way, bryant.. if you bought 15 BTC in 2012 for $150 and you have not bought any BTC since then, I would consider you a likely NOT very active BTC investor - or maybe a rare duck.  I know that there are some folks out there in the real world who have bought some BTC in early days (maybe even more than one session of buying) and then have not really bought more or actively engaged.. just considered their investment as a kind of "cold storage."  I have hard times relating to that kind of investor, especially when it comes to BTC, even though I know that they exist in the real world.




For sure, bitcoin has been a very powerful long-term value for HODL, so I kind of expect that the returns are going to slope off with the passage of time.  So for example from your approximate buy price to the 2013 peak (of $1,163) there was about a 116x price appreciation.. And if we look at the bouncing off point of the 2017 price peak from 2015, there was a price appreciation of about 78x from $250 to $19,666.  Currently, our $64,895 has had about a 16.5x price appreciation, if we use March 2019 price of $4,200 as our round about spring board.    

So there seems to be decent evidence that the price appreciation peaks are getting smaller, but I am NOT even proclaiming that those past levels of BTC price appreciation are necessary in order for BTC to serve as a very good and solid long term investment and an ongoing consideration to continue to hold a decent amount of value in BTC, even if the price appreciations might become way less.

For sure you know, bryant, that the 4-year minimum timeframe for holding has to do with a historical assertion that BTC has so far never been priced below any previous 4-year price - yet I am not even suggesting that it will always be greater in price 4 years later, but still 4 years does seem to be a great starting point for considering any investment made into BTC, even though each person will also retain full discretion to pull out of BTC at any time, but still coming into BTC and considering any further purchases of BTC having at minimum a 4-year hold time is likely a good long-term investing mindset.  By the way, before I got into BTC I had quite more than 25 years of investing under my belt, so I can appreciate that it takes a whole hell of a long time to grow an investment portfolio from scratch.. so longer timelines does really seem to help for capital to compound upon itself...  

There can be a kind of doubling and doubling and doubling, but if the amount in the fund is only $200, then doubling is not going to seem to be very much money.. but once the amount is $400,000 or even greater, then doubling can seem to add up a lot.. so for example, if someone had been investing in bitcoin for a year prior to the 2017 price run up and then got up to 10 BTC, the price run from $1k in the beginning of the year ($10k portfolio) to $19,666 ($196,666) is going to feel like a pretty decent price appreciation.... So when the BTC price drops during 2018 and bounces around mostly between $5k and $11k during most of 2019 and even most of 2020, there could have been opportunities to acquire another 10 coins or so.  Therefore, when the price ended up going from $10k to $65k, the 20 coins may have gone from $200k to $1.3 million.... so there is a kind of compounding going on, but if someone is still buying coins, then they likely have to just let any of those new coins at least build for 4 years.

And sure, if your budget has been a lot more modest than the guy who had been able to acquire 10 BTC for the 2017 BTC price run and then another 10 BTC during the crash, maybe you made a lot of mistakes along the way, and you were only able to acquire 1 BTC in 2016/2017 and then you were ONLY able to acquire another 1 BTC in 2018 - 2020... then in that case you only got up to 2 BTC, so your price run in 2017 ONLY went up to $20k and in 2021 it only went up to $130,000.  Each of us has to start somewhere, and we just build what we got, and maybe you can attempt to learn from all of these matters and if you are still buying more and more BTC, then this particular dip down to $30k should be considered as a potential opportunity to continue to stack and maybe get more BTC.  And, maybe your feeling that you ONLY have 2 BTC is very small, but there are all kinds of people who have not even set up BTC accounts yet, and they are struggling to get their first 0.21BTC, while you are working on getting your 3rd BTC... and maybe it will take you 4 years to go from 2 BTC to 3BTC, so there are all kinds of levels of BTC accumulation and abilities to budget for sure, and it does seem to take a long time to build up any kind of investment portfolio, whether we are referring to BTC or otherwise other combinations that might be decided (not talking about shitcoins, here.. but some people might include them in their overall portfolio).  

I don't have the means to know which institutions but I am sure that they probably did what I just said, just a little putting your feet on their shoes and you will probably arrive at the same conclusion and you have said it in your post that they might have a knowledge about the incoming conrrection.

This is my stand mate everytime there is a huge dumping from the bitcoin price because the opportunity to add for my coins and folio.

But this time i am sudden because i already used all my funds and there are nothing left to buy more so for me this is not a Best thing since i did not even dare to sell first and then re buy.

Agreed with this. Whenever the price goes down a little, we find the forums flooded with posts such as this one.


2012 was the only instance when I "purchased" Bitcoin. I am still holding a large share of these original coins. But I earned a lot more BTC in 2013-15 through various means. I lost around 50% to various scams and the other 50% I converted to fiat. So it can be said that I am not a typical investor. Most of my coins were not purchased, but earned. But the coins that I have in my wallet right now are from the 2012 investment.

the bitcoin price goes down, maybe it's best for some people, but not for everyone, because when the bitcoin price goes down there will definitely be someone who suffers big losses, there are also those who take the opportunity to collect all the bitcoins and hope that bitcoin will rise again in the future, but for some people who need money will definitely be dizzy thinking about all this..

It's a universal rule that market always take correction after massive bull run and same happened with bitcoin, its nothing extraordinary. 60K$ was much overhyped price and it was deemed to fall back. Good things is bitcoin is standing firmly around 35k$, which is a sign of new bull run in coming days.

Current charting of BTC similar like in the middle of 2017, and currently BTC just sideaway above $30k that become strong support area. Nearly 1 month in this area and did not going lower, that mean the price high probability to rebound.  Could be nowadays the accumulation phase is not over yet and need anothers a few month again. My personal prediction BTC will going up to $100k by in the end of this year, and after that the market can be changing to bear market, can be similar like 2017 to 2018.

Of course, really difficult to know with any kind of certainty whether the bottom is completely "in" and you, enawati, seem inclined to suggest that it is.

So, then UP from here is not unreasonable, including a 3x-ish price increase by the end of the year, which your "up to $100k" would carry out.

Up to $100k for this cycle does still seem to be quite conservative, and there are surely some convincing theories that BTC price exuberance is not limited to a 4-year fractal kind of framework which would target $100k by the end of the year, but instead potentially to have a price cycle top that is both quite a bit higher than $100k and also to drag on out to several quarters into 2022.

So surely both our going down 53% and then hanging out here in something like a 45% to 53% correction range for already nearly a month - and who knows how much longer staying in this correction range (that you labelled as accumulation phase) is going to last, but still seems that the longer that the BTC price stays in this correction range.. then it also could end up playing out with a relatively slow recovery back to our current ATH zone.. and thus providing a kind of ongoing fuel that buy support is able to keep up with the BTC price going up and up.. and therefore end up supporting a much higher (than $100k) blow off top.

Of course, nothing is guaranteed in BTClandia... but surely, we can see that some of the past BTC price performance patterns have decent amounts of informative power in terms of giving us some ideas of what may well end up happening and what kinds of possible happenings are more likely than others.  Ongoing bullish news and bullish developments around bitcoin happening at the same time to contribute to confidences in comparing past patterns to what kind of price recovery scenarios could happen from here.. whether they play out in a few months or drag out for a year or longer.

Some how you might be right but this sounds weird to some people who must have bought the top, the recent dip really cost pain to many crypto investors and traders because it really took them  unaware, everything happened so sudden. But this is still an opportunity to many people! Yes because bitcoin falling from 65K to 30k is really an opportunity to enter into the market because surely $65k isn't the top for bitcoin this year and it's obvious only the diamond hands Will make enough profits.

I didn't touch crypto once Elon Musk joined. The dip that cost pain to crypto investors that you mentioned followed Elon Musk. I knew that was going to happen. Now that Elon Musk left for now, now crypto investors can safely rejoin the crypto market.

Robert Kiyosaki once said:Bitcoin crashing. Great news. When price hits $27,000l may start buying again. Lot will depend upon global-macro environment. Remember the
 problem is not gold,silveror Bitcoin. Problem are the incompetentsin government,Fed & Wall Street. Remember gold was $300 in 2000 8)
it's surely a good thing for us to buy in this big dip

My target price for Bitcoin is 15K-20K during the next few weeks. The party is clearly over, and investors should consider liquidating anything related to Bitcoin or short it.
Recent collapse proves that Bitcoin isn't a safe haven, store of value, or a hedge against inflation/market correction, but a speculative token that can go down 50% in a week

Have fun staying poor kuldipgajjar.

The odds are quite against you if you really believe that nonsense.  If you happen to be someone who is new to bitcoin or you just recently got in, and if you are currently feeling shaken, then you might need to reconsider your finances in order that you can get yourself to a comfortable position, financially and psychologically.  

So of course setting some targets is good, but any target should attempt to be realistic, and these days should likely involve creating decent and practical ideas around BTC accumulation until you have reached a comfortable level with that too.  

There is going to be a lot of variance between the circumstances of people in terms of if they already own some BTC and then other aspects in respect to their personal situation, including goals that might help to inform them what kind of approach forward may well be good from here in regards to BTC accumulation or perhaps maintenance.

By the way, any prudent and practical BTC plan is going to attempt to prepare for both UP and DOWN, and frequently people put way too much preparations in DOWN (or meaning that they have failed and refused to prepare for UP) and not enough preparations in UP.... and anyone who does not adequately and meaningful prepare for UP could end up regretting that...

Failure/refusal to adequately and meaningfully prepare for UP seems to be a repeating story in bitcoinlandia.. that I have seen numerous times since 2013/2014 .... especially during correction periods.. sure lots of people get excited when the BTC price is going UP, yet many times the preparations and the meaningful and adequate accumulations of BTC are taking place during down periods, correction periods or flat price periods.. like the one that we are in now and may well look temporary when we look back on it, even though it has been happening for about a month - or even longer (depending upon from when measured), so far..

almost half is reduced in btc price but it was a good thing especially to the newly entrants and for the people that are waiting for a big crash .
 you list a couple of good news but some of them are not related to the crash like the legalization of btc by the banks but they will continue this agreement whatever the status of btc is .
some of the events couldnt happen if btc didnt crash .  its true that what kills you makes you even more stronger .

That's a bit debatable because if you hodl your bitcoin for long-term pretty sure that you will be able to hedge your wealth against inflation but if you are on a short-term then it becomes speculative so in a way, it's a bit of both.

BTC price drops and all the long term holders started buying the coins.
But the ones who really wanted to make the price high are sad now.
I myself feeling the pain of those who bought coins when price was around 50k USD.
Moreover when the price is down, it gives more chances that the price will break his ATH soon.
So let’s see what happens in the future.

You make little sense Lorence in your attempt to make kuldipgajjar appear to be reasonable.

In essence, kuldipgajjar is making a bet on one direction (which of course is down), and also making quite a few negative assertions regarding where bitcoin is at currently.

The ONLY way that kuldipgajjar will come out potentially good in this kind of situation (presuming that his actions are somewhat matched with his words) is if he ends up being correct, which seems to be a bit of a long shot, currently. 

Sure, anything could happen, so kuldipgajjar, could end up betting correct on seemingly longshot circumstances, and really with his seemingly pessimistic framing of BTC, even if it were to dip down to his target zone, from his already stated words, he seems to hold little to no confidence in BTC as an investment, so why would anyone like him all of a sudden have confidence to buy in the $15k to $20k price arena.. I surely have my doubts.. but anyhow, we are hardly likely at all to even find out, so who really cares.  On the other hand, if BTC prices dip below $25k, then perhaps then we might be able to take $15k to $20k prices seriously, but even that is not seeming too likely.. but sure, I would be willing to more seriously consider $15k to $20k as being within striking distances were we to get prices below $25k in the coming months...

I am currently thinking that more likely seems that we will witness BTC prices above $50k before we are seeing BTC prices below $25k..

Elon Musk tweets could only move the market temporary but not permanently. Recently, he tweeted that Tesla only sold 10% of the bitcoin to check its liquidity which was a good news but that pump remain only for few days and now bitcoin is back near 35,000$. Overall bitcoin is looking bearish.

Shitcoiners like you who have only ever been here to post bounty reports and one-liners shouldn't really be commenting so confidently about the path that Bitcoin price will take. You have no idea what Bitcoin is about. All these ideas about safe haven, hedge, SoV are buzzwords you hear and then repeat.

So frankly, just make it easy for everyone and keep your uninformed, baseless opinions to yourself. If all you understand about Bitcoin is the dollar value, then you are the kind of people who are better off selling.

When price is one of the considerations, make price movements into certain opportunities with a period of time, basically there are many opportunities there because of fluctuations. Hopefully a lot of new things can really lift bitcoin back at $60k+.

everyone has their own opinions and views, but with the price dropping, everyone will buy it massively and invest it in the future. And we hope this is only a short-term decline in bitcoin itself. We hope the price will go up again in the future

Obviously, you are a newbie, and the obvious reason while your thinking about Bitcoin is only about the profit you can make. If real investors that have firm belief in Bitcoin had not supported the Network I don't believe you would be here talking about making profits off Bitcoin. Bitcoin has had way dips than this in the past and investors that have held for a long are most of the Bitcoin Millioniers today and if Bitcoin wasn't a store of value that wouldn't have been.
So, you can continue to wait for your $15k-$20k Bitcoin price till gray hair.

Especially Bitcoin holders must be very happy about it. Because it is a golden opportunity to accumulate some more. But it is not very good news for short-term investors obviously. They will have to wait for more time to reach their goals.

Well well, what do we have here ;D

PLAGIARISM by the exact member that posted that Bitcoin would fall!

https://i.ibb.co/jyx3p26/plag.png

As far as I know, the funds will be able to act innovatively. The Fund Location Act will come on July 1st, 2021 and will allow you to invest up to 20 percent of the funds you manage in crypto assets such as Bitcoin. Banks in germany are very conservative.
Source: https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/

That would indeed be the gift of all gifts. I HOPE you hit your target because I will definitely be there with you.


Short knowing that Michael Saylor, Steve Cohen, Cathie Wood, and the other billionaires are buying and HODLing? Selling now would only be making it easy for those billionaires to get the thing they want from you most, ser. Your Bitcoin. Hahaha. 8)


Zoom out, ser.

If bitcoin is either in a higher value or fall are still the best thing because you can make profit in a higher value and can buy more when it fall. But all is depends on every one situation. If you have a lot of capital you can buy more in a sudden dip to hold and wait another ATH.

Great catch mate , best  to report this in plagiarism thread and this will surely banned.

anyway I have reported to the MODs also mate to help faster reaction.

What if the dip did not come? meaning you will never invest again?

Well, it has to be familiar to us that every fall is an opportunity for the investors, not for those who are still in doubt and those who just watch the market falling. If I have money left in my pocket, I should have to invest in Bitcoin or I sell my altcoins for this opportunity. I'm not saying this was the best thing to ever happen in Bitcoin since we already know that this thing might come to us after the bullish ends. In fact, we are preparing this, people are selling earlier before the drops have come and this is because we are anticipating this event.

When the price bitcoin drop more than 30% i'm very happy because i have a chance to buy more bitcoin at lower price, for those people who believe in bitcoin (including me). I'm so happy when see the btc price drop because i believe at the end the price of bitcoin will rise again.

How much fiat you going to have left if BTC prices were to reach those $15k to $20k levels?

Many of us seemingly prepared for worst-case scenario HODLers are going to be running out of money if BTC prices were to reach that low.  Currently, I do happen to have buy orders staggered down to those levels, but I surely am not expecting them to get filled - minus some kind of long-shot happenings...

Many of us seemingly prepared for worst-case scenario HODLers have already been buying all the way down since $50k-ish.. so if the BTC price goes below $30k, below $25k even above $20k, several of us likely will be buying quite a bit at those higher prices, so from where is all the money going to come to be able to buy more below $20k, if the BTC price were to get there?  

It remains quite doubtful that the BTC price will get below $20k, but still.. hopefully not too many people are holding onto large amounts of fiat waiting for the BTC price to go below $20k and the price never happens to get there.

I don't think so. Elon Musk must have stayed away from Bitcoin but that doesn't mean he is gone. As far as I know, he is still around cryptocurrencies but he mostly talks about dogecoin now. He also said that he is still positive about Bitcoin, he just doesn't like the energy consumption of it. Nonetheless, I'm still thankful he made Bitcoin dump so I could buy cheaper lol.

I can actually tell, this is not very much surprising. We've been here since then and we know that Bitcoin always have these types of corrections and we know how to approach it properly.

For me, the best thing that happened in Bitcoin was the fall after the Bull Run last 2017. If that didn't happen, the Bitcoin isn't here today. Bubbles could have been occurred that could have damaged the reputation of Bitcoin massively.

Now, with all of the institutions coming in, the cryptocurrency will soon have another correction we need to be ready with. But this time, this would clearly impact us positively. 

Why people cant really just accept out about bitcoin volatility? They were expecting that once we do take off then it would be a continuous one without minding about corrections or whatsoever which is really a very wrong mindset to have and market wont be called one if there would be no bearish movement or times so its just
normal on having these kind of corrections which does indicate that we've been dealing with a healthy market even though there are bubble behavior on the past years
but as adoption and recognition increases then it is truly different as of this moment so its better to be grateful.

That's what others don't see as what you see.

When the price drops too much then they won't look at it as a chance to buy but will look at the market as a dying market. And that's a very negative approach of them because they think that it's all going to drop and without any chance of recovering.

That's what they don't know.

Kinda agree with some of your reason I think the dump was really a good thing to bitcoin and it gives positive reasons to buy bitcoin and make people reinvest again, the price was already too high in the market and I honestly think that it needs to have a dump.

I mean most of the investors invest when the market price drops and at any time we could expect for the market price to go back to 60k$ and continue to pump up to a 100k$, honestly, I think when the price goes back to pumping it could easily triple its market price last time.

hopefully, it's not too late for some people to buy, because most of the time when the market price stabilizes again and goes back to a higher price in the market most of the time people realize it too late when the price is already too high.

As OP mentions, it is like the fall of bitcoin had to occur so that more people participated in the network, be it the banking institutions and the countries that want to improve their infrastructures and the quality of life of their inhabitants.

I also view the bitcoin scene with great optimism. This is an opportunity for the United States to make Bitcoin more environmentally friendly so that there is no more doubt.

Sure, some people believe that the market is dying and not going to recover, but why do we give any shits about them?  Those kinds of people are always present and likely are failing/refusing to act and to prepare for UP.  They are overly focused and concerned about DOWN without either valuing the preparation for up or having a long enough investment horizon that DOWN should not overly affect them.. For example, if your BTC investment horizon is at least 4 -10 years (of course, longer is better, but still even the shorter one might work out), then If you have already been in BTC for 4 years, you would see that you have pretty decent chances of being up on your investment, so you would not consider a wee bit of down time to be impacting you in any kind of meaningful way, especially if you still might consider that you have another 6 years or more to stay invested in BTC.

So for example, someone who has been in BTC for 4 years could very reasonably have a steady BTC buying practice of something like $20 per week, but still be in the neighborhood of 4.5x or more returns (https://dcabtc.com?sd=2017-06-19&sda=4_years&f=weekly&d=4_years&ac=2000&c=true) in regards that the amount that they invested into BTC... Maybe more than $4k and more than half a bitcoin and not bad kind of investment progress.

For sure the guy with 7 years of investing in BTC is going to be sitting much more pretty  (https://dcabtc.com?sd=2014-06-19&sda=7_years&f=weekly&d=7_years&ac=2000&c=true)with the same level of mediocre investing of about $20 per week, he would have ended up with something like 42x of profits, and $7,300 invested but more than 8 bitcoins.

Even though the longer that someone has been investing in bitcoin has tended to cause better kinds of overall returns, even with relatively modest amounts invested on a regular and ongoing basis....

So even if we look down the road and the person who starts to invest in BTC might not have more than 4x after 4 years or more than 40x after 7 years, but even having 4x in 7-10 years is likely going to be decent results and within a range of quite reasonable to hope for, even if nothing is guaranteed in terms of either amounts of time, and there are also going to zero scenarios that are not non-zero in their likelihood, but I still would consider bitcoin having a quite better investment thesis now as it did in 2013 - even if there has already been a considerable amount of BTC price appreciation over that time.. and even though BTC may have moved from the earlier early adopters phase to more of a just regular early adopters phase. 

Your milage may vary in terms of your actual performance or your strategies that you might consider employing after attempting to assess both where BTC is currently and where it might go in the short, medium and/or long term.. and which kind of investment approach that you prefer to employ, if any.

4-10 years minimum I continue to suggest as being good.. but surely you have to tailor to your circumstances and also consider that even if some kind of getting rich quick were possible, it is likely more prudent to be attempting to be preparing for getting rich more slowly.. and to feel lucky either to make it or lucky to have it happen in a shorter period than expected.. such as while you can still enjoy it.. depending on your age and how many years you are planning to move from BTC accumulation stage to maintenance stage to liquidation stage or whatever variation in the middle since they might not even be absolutes in the whole investment portfolio categorizations and considerations.

yes, there are those who are happy like you to be able to get a lower price and buy and save to wait for the price to go up again. but also many are not happy because it causes the price of all altcoins to drop so that many of them suffer losses because they have not had time to sell when prices are high. everything is good and bad, it just depends on what angle you look at it from.

you have to look at it from a different angle because if you only look at it from one side, there are indeed those who benefit but not a few who are harmed. Moreover, what is very unfortunate is that bitcoin went down due to unthinkable external excesses from people who could not restrain themselves and did not analyze well, by doing things that were not controlled so that the market turned red. this should not have happened because it made something like this happen again because of the intention to seek personal gain.

Hodling and buying are getting more popular is good, I guess. I do think using getting more popular is even better, but I think it's just because prices are down so much from the ATH that people are waiting further to see. Once the MA gets a little lower, people will be less reluctant to spend, when they feel that the rally's over and it'll slowly pick up again on the next cycle.

Not the best thing to happen ever, but certainly, I'm enjoying the lull.

In 2010 or maybe 2011 i didn't remember it but it could be one of them that time bitcoin reaches $0.01 from its ATH MAYBE $16-$32 i can't remember exactly sorry for that. Just think that moment and that was the starting time of bitcoin when lots of people didn't have that much believe on bitcoin they might come bitcoin through their friend or someone. They must lost Trust on him and also bitcoin they become panic and exit from bitcoin. If they understand the bitcoin and believe them self they might be billionaire right now. Just think after 10 years now People understand bitcoin its power. Well in my opinion its a chance to grab bitcoin not to spread any rumers or afraid about FUD working process.  So believe in your self and jump into it and take it as a business module. Thank you

yes you are right, best for a holder, and bad for beginners who are new to crypto, where they are tempted to profit reaching hundreds of millions without knowing the storyline from when a btc holder wins profits,

I did not get into bitcoin until late 2013, so I did not personally experience any of the pre-late-2013 price performance matters.  Personally going through the experience does sometimes lend some better senses to what was happening psychologically for a lot of people - and maybe just kind of experiencing the matter in the moment (or through the period) gives some senses that are more concrete than merely looking at a chart.

Nonetheless it can be helpful to study the charts from earlier periods and even to verify the specific price performance numbers in order to really recall the numbers, the dates and the price ranges.  I think using MTGOX for the pre-2012/2013 prices and dates is good, and then thereafter Bitstamp is a good reference.

So I had already heard some depictions of the 2011 price run and subsequent crash as  going up to $32 and then back down to $2 and then working its way back up.  You can see on this chart from February 2011 to December 2012:  https://bitcoincharts.com/charts/mtgoxUSD#rg60zig12-hourzczsg2011-01-28zeg2012-11-30ztgMzm1g10zm2g25zv

You can also switch exchanges on bitcoincarts.com, change the dates and work some other variables to be able to attempt to zoom, and sometimes it can be somewhat important to get an idea of the price range and how long it took to go up and how long it took to go back down and then recover.  So it appears that in early May 2011, the BTC price went from around $2 to $32 in early June (slightly more than a month), and then came back down quickly to $15 in a few days and then sloped back down to get to $2 again by the end of November (5 months or so)... but it appears that by March 2013, the BTC price had recovered back to it's earlier $32 (which would have been nearly 2 years) but then within another month or perhaps two at most went to $263.

Those periods of down are not always going to play out exactly the same because of changes in the market and just the strength (or lack thereof) of the Lindy Effect in bitcoin.  So sure, if bitcoin has been around longer, then there will be more confidence in regards to its likelihood of continuing to stay around, but then the market participants change too in terms with how many exchanges (or even OTC players and/or the development of various financial instruments) are participating in the bitcoin space to contribute to bitcoin liquidity and how much trade value it takes to move the BTC price.  Of course, now we also have a variety of shitcoins that could affect liquidity in various ways and also be used as FUD spreading talking points to attempt to affect market sentiment as well as more concrete liquidity considerations.

It would be pretty rare for you to find me even attempting to make any kind of you are not acknowledgement of shitcoins directly affecting the BTC price or even acknowledgement of theories regarding single theory (or even a small set of causations) affects on BTC price, even though in the short term there may well be some single factors that are dominating more greatly and perhaps attempting to exacerbate a kind of momentum that might already exist even though we might not always be able to see or recognize a lot of the behind the scenes causations - even if some whales could be in better positions to see some of the things, they still might not know whether if they would be able to move the BTC price by strategically dumping 1000 coins or being able to buy them back at a lower cost (or at least not a losing money price) if they were to attempt such a strategic dumpening.