Bitcoin Forum

A couple of weeks ago I was excited that bitcoin price had gained 23k+. I was positive that it was going to at least stay steady at that point for some and the go up gradually, but boy was I wrong. On Twitter this user - Richard Heart (https://twitter.com/RichardHeartWin/status/1563574104250544128?t=XzLEIh96VuV1lexuf9nCSw&s=08), tweeted "Pray that #Bitcoin doesn't hit $11,000. For if it does, the sound of me patting myself on the back will be heard around the world."(What does this even mean?). Anyways, I decided to open my Binance app(I do not check the price daily. Is this normal?) only to find out that the price has plummeted to 20k. Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.

We cannot know if we are going to test new lows, but I do believe that the next few months are not going to be good. Maybe we will go up a little bit or down, but in essence we are going to stay at these price levels.

To go below 17,000 USD I don't think it will happen and if it does I think the price will recover soon, because it is a very clear buy zone.

First off, you don't listen to the shitstain that is Richart Heart. Dude was literally crying on stream when bitcoin was at near-bottom saying that it's over and all that, then created a scheme[1] that takes advantage off financially illiterate people.

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[1] https://bitcointalk.org/index.php?topic=5286822

the window of price is a stretch between $15k and $90k
(lowest mining cost(lowest coin acquisition on planet) - (highest mining cost(highest coin acquisition on planet)

meaning those screaming $11k/lower or $100k/higher.. are just deceiving themselves.. right now,
the window is not in those realms right now to even be a possibility right now(short term)

bitcoins still in the healthy good zone of cheap bitcoin compared to for instance germany,japan, hawaii high mining cost at the $80k+ level..

buyers sentiment:
 $15k  $30k    $45k   $60k  $75k   $90k
   ||||||||||||||||||||||||||||||||||||||||
      ^
so bitcoin is still a great opportunity to buy cheap before the next cycle of store of value movement in the next cycle which will be a higher window amount (higher bottom, higher top)


the market price will never just be stable inside the window and can go up and down within this window..
but going beyond this window(below $15k or above $90k) is not really a rational amount to even think is a possibility short term..

if you imagine it as a length of string. and where the price is as a knot. you will become less worried about the movements of $17k-$23k $20k . and instead see the big picture of the length of string and where the knots (small movements of back and forth) within the string

Not sure what Richard Heart is trying to imply except maybe that he has a huge buy order at $11K. So? What's the big deal about that? Perhaps HEX rewards have dried up and he needed to find a new source of revenue.

Not that it matters anyway. Bitcoin has never fallen below the peak price of the previous halvening cycle.

Richard Heart should not be a cause why anyone should panic, he is just a twitter user with his own fud instigating opinion, he can do whatever he wants to do without making it public, but no, he and so many others try their best to use either bitcoin's rise or winter period to become popular, or more popular.

The price can't stay steady for now because 1)bitcoin is still a very volatile currency, and that's because 2)weak hands keep throwing it away when there is fud, plunges or panic and 3)because we are in a winter period. It is a great time to buy more by the way and it is much better if bitcoin users can get good information from better sources than skewed information from twitter users and anti-bitcoin people.

during these years I have learned to ignore these predictions.
Because if you look around you always find the super optimistic and the super pessimistic one.
Even in situations of consensus (see end of year 2021)... you realize that that price does not arrive! (the famous 100k per bitcoin).

These opinions are useful to listen to... yes, but I always try to get my own idea that is also based on my finances, on my goals to achieve. and I think that everyone (with a large portfolio) has the same target even when spreading such "price targets" or "predictions" ;)

For me, I pray to see Bitcoin at $11,000 or even $13,000. I will be able to accumulate more Bitcoin and receive more satoshis from my salary.

I know if there are deeper falls, there are more victims who over leveraged or over gambled. However, it is their faults and don't blame their faults on the market. Even if there are bull runs, there are still gamblers who will die by gambling (shorting with high leverages).

those quoting stupidly low amounts (outside the logical. fundamental value window) are those hoping to get the price down lower then $20k to then buy back at the $17k-$15k by using speculation of FUD, scare tactics.
of a possible $11k


im assuming he sold out at $20k+ and is looking to buy back in (most probably a short loan order) at a much less amount. of a real possibly $17k or at worse $15k
its mainly shorter influencers(opposite of pumpers) that shout $11k or less. hoping it inspires other naive shorts to sell coin(lowering the price(opposite of a pump)) to set a buy in at that stupidly low amount .. to actually cause a sell off 'bank run' down but where the naive shorter sheep dont buy back in at $17k-$15k to stop the bank run

in most cases those shouting $11k know it wont get to $11k  and are ready to buy in at the actual "bottom" of ~$15k worse case right now... while they cause the other naive shorters they inspire to start a 'sell off' down to $15k for the influencer to buy back a little above $15k.. .. to then leave the shorters of $17k$15k to lose out by the price never reaching the $11k amount they were influenced rebuy at

You need to zoom out more to see that price has been doing this for more than 2 months now so it surprising that you were surprised by the same trend that has been happening this long. We are in a sideways market, despite some signs of momentum but since $25k resistance was not broken we didn't turn sideways into bull market. Similarly since $20k could not be broken it also couldn't turn into a bear market either.
Sideways it is for more weeks probably.

P.S. Stop following idiots on social media who seek attention by predicting random "numbers".

I'm not that affected with some random tweets though, market is very volatile, that's why we won't see the price stabilizing. Maybe some sideway patterns with no movement, but still it won't last that long and it will eventually have to make a break out run, whether  going up (good), or down (bad).

And you still have to factor that we are still in the bear market so the price will definitely go down. We have hit the lowest low of $17,500 already. But if my chance the price still go go below that price then as a long term hodler, then take that opporunity.

We know the price of Bitcoin is greatly affected by supply and demand and this supply and demand is very sensitive to economic events.  I was, too, very positive that Bitcoin will stay in the range of $24k when the relief rally happens and another good news was released that one huge company will cater to BTC service. I even thought that it might recover way past $30k  but then there are lots of events that push the BTC down.  One of which is the recent speech of FED, which triggers bear break out.

I also think we will see another lower low before the Bitcoin market transitions to bullish sentiment.  But no matter what, this is a good time to do cost averaging.

Richard heart is a moron bro. you should never believe him. he's not a true believer of bitcoin.

I also feel this bear market will stay here for some time. I have a feeling that it will stay like this for possible another year.. but I don't think it'll break below 17,000. it'll most likely idle between $19k and $23K in these time until next Bull market.

The question here is, how much did you invest? it is some amount you can't afford to lose or do you need it in the future?
if so, then consider yourself unlucky because you ended up like anybody else who rush to invest without making enough research about the crypto market.

The only thing you can do right now is wait to gain back to the price when you bought it and decide whether you take it back or let it be there for a while.

No one in my opinion, will be able to give an accurate prediction or answer your question correctly, but I would say that it is best you prepare your mind for whatever situation that comes so far you have made the decision to Hodl for long-term. See the dip as more of an opportunity to gather more bitcoins to add up to your portfolio but still you must refuse the urge to be tempted to invest more now than you can afford to loose because the market is presenting an opportunity.

People should not overreact when they read Tweets from Heart or anyone else because if they could do that, the market conditions would not change, and they would tend to be in a sideways position. But we can't prevent people from panicking when they read it and would rather save their funds than continue to hold their bitcoins. Everything is normal because bitcoin is still going up and down several times, and if the price goes down again, you don't need to panic. Stay alert and look for a good time to know when to buy bitcoin again.

These influencers and newbie panic sellers are the reason for that. They will say something for their own benefits. And newbie will trust them blindly. Even it moves towards the dippest, it will become an opportunity for long term holders. Not sure if it will though.
But this will be the best chance to fill the bag. So time to wait for that.

Yeah, I also think BTC will make move now to 27k$, but it again dumped to 20K$. The reason for this dip may be Mtgox news, they are releasing BTC, so many of them will sell and dump the market. This news has created panic in the market. So BTC dumping.

If you are an old player and still holding Bitcoin for sure you won't be wondering about this, I think it's just bullshit written on twitter to make everyone panic and ask about this, know Trends are always there for years and Bitcoin price will not be stable while in this bear market. So take your best time to do something about the price movement.

It’s the common problem by newbie trader that keeps browsing social media post about Bitcoin without looking the bigger picture of the price chart. Newbie will usually interpret that the recent price pump is already a reversal but it’s just a relief when you look on longer timeframe charts. You can see the obvious end of relief on Weekly chart of Bitcoin after printing long red candle last week after consecutive of sideways movement.

We can expect a huge movement downward tonight before the weekly candle close tomorrow if bulls don’t find any solution to counter the current bearish movement. This time it will be stronger because the current week candle will confirm the bearish trend once it close in red.

if you apply long-term investment of course you are ready with everything. The price continues to fall and is currently hitting $20k down, but the strongest support is at $17k and if it breaks we will be back to the bottom again. prepare your money reserves to buy cheaper, all possibilities will happen because at this time there are also many FUDs scattered about MT.Gox etc.

Do you really want the price of Bitcoin to stay steady? if that were the case would you really invest in Bitcoin? as you said yourself, you are a long HODLer so you must understand that this is part of the market circle. I believe that we might see Bitcoins price a bit further down cos I don't think $17k was the bottom.

We know that crypto market is very uncertain. It maybe going to hit the dipper or it's just a correction. So always do technical analysis to know about the market situation.

Since you claim that you are a long term holder, there is nothing to worry. If you want the price to be steady then why you are holding the coins rather than make transactions with it  ;). Everyone is here in this space because of the volatility and if you enter the market at a good rate then you will be reaping the profit if you are patient enough to hold for a few years.

If the market goes down further just consider it as an opportunity to average your investment rather than panicking as you are in a highly volatile market and you will see corrections every now and then.

You're a long term holder yet you want the price to be steady? May I know what do you expect in return on holding bitcoin if it's value is steady all throughout? The value of bitcoin is volatile due to various reason and as of now there are news which concerns it's price which is about Mtgox.
In regards if we are moving towards the dippest of the dip, unfortunately, noone will be able to know whether that is what will happen as various reason could still come up from which direction we will be going through.

FYI, the price of Bitcoin never stayed in a constant region for very long time, it just keep moving upwards and downwards all the time due to many reasons affecting the economic structure of this world. Currently we are in the bear market because after the price touched $65K the price started to move downwards and now we are in the region around 20K and also nobody can say how low it can fall and when it will rise once it reaches its lowest value.

A true long term hodler shouldn't care much about price volatility. Bitcoin is not a stable coin and it must continue to make moves within the range it is. I believe in the analysis of Franky1, I don't know about the technical aspect of it, but when you see the logical aspect of it, you will understand that it is correct to believe. We are in thr window of 15k to 90k, anything can happen in this window.

Bitcoin has been this way with price movement since it started, it is a money market that deal with demand and supply. a lot factors affect the price movement which include the coin halving in 4 year, miners reward, human psychology of traders, world economy, sometimes other altcoins etc. Halving separates the bull and bear market, whatever happens when the market is bullish either good or bad cant affect the upward movement, same as in the bear market that no good news can keep price going up. No matter your view in this market, a full 2 cycle is the only enough experience to talk about the coin's price

Most likely, but i must advise not to get weird over the sudden change in price if you are a strong bitcoiner and strong holder. Also you don't expect the price to be constant without any change which is likely to decrease or increase.
This may simply be a market correction to get another base. watching closely it was a bit stable at around $22k to $24k hitting $25k plus twice before finally going down to 21k then finally to 19k to 20k, so we should expect another great move.

How long have you been holding Bitcoin? Let me answer that, from the looks of things not to long. If you have experience about Bitcoin and Crypto-currency you should know or must have heard about crypto-currency volatility that's what's happening to the market right now.

You probably didn't see when at year went to below $3500, what would you consider this to be? If you are truely what you claim (long term holder a price call of not more than minus $5000 shouldn't even give you the chills not even when you are holding Bitcoin.

I believe the most difficult part of the year may me this month of September and it could also be the year that channels Bitcoin into a bull run. Fingers crossed at that.

In my own instinct, anything can happen without warning especially the predictions, speculations and assumptions that we have for a specific coin or the entire cryptocurrency market.

We just simply don't know if $17k was the real bottom, but we have to be ready for anything. September is going to be a crucial month for us because of the Ethereum merge. Before it would happen, the market will be manipulated by the whales so that they could buy BTC, ETH, etc., at much cheaper prices.

The bear run won't end soon. Probably we might be touching $17k again or so. Just my opinion only.

If your presumption isn't accurate now doesn't mean it won't later be, the thing is we don't know when exactly the time will be for the bullrun to begin, but if i were you i will rather assume the whole year to move around that same range of $23k to $30k before we begin to het closer to halving.


You don't have to panic for nothing as long ad the rise is guaranteed


That isn't good enough especially if you're a trader


Because of volatility which is one of the reasons you wish to hold your coins as well, in other to make profit through volatility

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Dollar Cost Average (DCA) across what you think the bottoms may be and set up some limit orders.  Not the most perfect but may be the best way to "time" the market and not miss out bargains.

The price won't be steady because it has always been volatile. Don't look at those tweets, they'll make you more emotional and could tend for you to start panic selling.

I've that title elsewhere and it's like a meme which has always make me laugh.  ;D

Just focus on being a long term holder and you're just doing fine and anyway, welcome to the market for this how it goes for being one of the most volatile asset in the world.

The volatility of bitcoin is unpredictable. Influencers and the general public cannot predict the precise amount at any specific time, they can only make guesses. The market can go dipper than this or decides to skyrocket also depending on the nature of the market.
I enjoy making bitcoin predictions and analysis because they give me a means to determine the likelihood of what should be anticipated, even if I don't entirely believe in them. Some predictions are incorrect, some sometimes turn out to be true. No matter what happens, now is the perfect moment to buy and save for better times. I believe that bitcoin's volatile nature makes trading them more intriguing for investors.

There have been too many rumours surrounding bitcoin lately and it seems to be a big one incoming that would hurt the market. However, the crypto market is unpredictable, what may turn out is not necessarily what someone anticipates at times. What you might have heard is probability and not 100% certainty. In case you've not heard, this is another and I think it seems to be the top news that got everyone panicking:
https://cointelegraph.com/news/mt-gox-rumors-panic-bitcoin-twitter-as-btc-price-returns-below-20k

OP, you can't see the big picture.
You were excited because BTC was at 23k? That's not a gain. The price was bad and it still is bad. It doesn't matter if it's 10k or 22k because it's below the 200 week MA, but should ewe care? Of course not. We know the real value of bitcoin and this event where central banks are trying to crash assets by increasing the price of fiat currencies should be a warning to people. Don't hold fiat currencies if you have a lot of them - spend them!



Gox coins are a joke that people keep repeating at least since 2020... Please stop giving attention to this FUD.

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Market volatility is common with cryptocurrency. The price that made a fall and bounced back $23k + is the impact of the relief rally. By the time most of the people thought it as the beginning of the bullish market. Now the market have begun to move sideways but it keeps up the $19k support level. Falling down to that could make the price touch down to $17k. This is my personal prediction and very few believe in the upcoming downfall in the price.

That is how many people always spread FUD to make many people panic and stressed. SO far, the FUD can really work effectively to influence the market. It seems that there are certain interests from many sides that expect Bitcoin not to rise up to over $24k right now. We can see many funds are spreading as always the Bitcoin will struggle to increase, and then it is falling down again.
That is why, if you are a long-term investor, just holding them up, never influenced by the market situation right now because we know that the market is very volatile and not really well currently. If you are holding for long term, just buy more and hold them until your target is reached.

Don't listen and believe deluded fools like Richard Heart because they hate Bitcoin and want you to buy their shitcoins. The current price movements of Bitcoin are a common thing in normal and healthy markets. You can't expect the price of Bitcoin to just move up and up without any correction.
If you holding long term, you have nothing to worry about like FOMO and panic selling.

I don't care about how low bitcoin price go, all what I know is that bitcoin price gives people opportunity to accumulate more now that the price is down, I don't care about how low the price goes am still accumulating more bitcoin and am really to hold for as long as possible, have been hearing lots of news that bitcon will die, some say bitcoin will dump to zero, if you believe those people then sell your bitcoin now and see what will happen in the next few year's, you will endup regretting why you sold your bitcoin and most people criticing bitcoin currently are holding bitcoin and some are waiting for it to dump more so that they will accumulate more.

Yeah BTC price is not steady. It is basically a parallel of the US markets, which are currently in disarray with the actions of the Federal Reserve. Until inflation is controlled prices will be everywhere.

I think basically if Bitcoin drops to a certain amount then many market bulls will liquidate their assets which may cause a chain reaction. I think this is what Richard Heart meant. But yeah don't listen to him, he is a shady man.

The nature of Bitcoin is high volatile therefore we cant expect the price to stay steady. There are also investors who take advantage the sudden increase/decrease to profit. Those who are investing for short term, it has an impact on the price depending on their decision either to buy and sell their Bitcoin. On the other side we cant pinpoint if we already reach the bottom or the price will decrease further. Those so called experts and streamers predicting the future price are just speculating, thus its not accurate prediction to rely on, because no one knows what will happen next.

Then, dont mind the current price since you're holding for long term. Be used to it because its quite normal for the price to be unstable.

When BTC touches 17,000 USD, then definitely within the next few mins, many buy orders will be placed, as many will rush to buy Bitcoins as many they can.
Buying Bitcoins at such a low price is still a dream for many people, so if anyone the price touches 17,000 USD, then definitely in the next few hours the price will skyrocket as the demand gets increased.
Nevertheless this bear market will end soon, so I suggest all the fellow members to don’t panic and sell if the price falls. Just be patient and wait till be the bear market gets over.

The price also made me positive recently when it touched $25,000. It made me think that we won't fall down to $20,000 anymore. Of course I was also wrong. The price not only hit $20,000 once again, it actually fell lower than that. This time around I am seeing the possibility of Bitcoin attempting to create a new bottom. But let it come, that's a good opportunity after all.

Why can't the price stay steady? Why, has Bitcoin's price even reached a steady state? Bitcoin's price has always been volatile. And I have also read a lot of news about the release of Mt Gox Bitcoin.

We need to accept that Bitcoin is over year loosing market share the main reason so this is many alternative coins. Moreover the mining cost of Bitcoin is now exorbitant.. All this show that it's time for Bitcoin to evolve into a more eco-friendly avatar... We need to show the world that Bitcoin is and will stay the king crypto currency.

You said that you are a long term holder but your sentiments say that you are in a panic seeing bitcoin price dumps. No one knows if bitcoin can reach near 11K in near future but it should not matter to long term holders. I am just waiting for the price to hit the lows so that the accumulation journey starts from that point which will lead to another bull market after the next halving in 2024. Its sad but price will dump to very low levels to give maximum pain to the holders.

You should be more positive if Bitcoin falls at $11k like what Richard Heart said. You know why? Because you are given another opportunity to buy at a lower price and will give you huge profit as you have mentioned you are a long term hodler.
There is always a possibility that Bitcoin may hit $10k or below, but don't get too emotional, it's not the end of the world. In fact, Bitcoin is just giving a lot of people a chance to make profit like the early adopters/long term hodlers experienced before.
People like Richard Heart only sounds relevant because they are known in the financial industry. They're either talking sh*t or just making a voice so he get the investors attention. Nevertheless, nobody knows how Bitcoin will be priced in the next coming years. 

In investing, of course, we must calm our minds, don't panic, and our thoughts must be positive, because if we are not calm, especially if we add panic, sometimes we will get losses and I learn from my own experience.

In my opinion, investing should be calm, especially if we invest in bitcoin. because even if there is a decrease in price of course it will come back up again.

UP and DOWN? Never get surprised about it and never ever think that pumps can be certain at these bearish moments of the market as it was really hard.
Well, I understand what you feel but somehow, we should be aware of the situation as well and become ready for everything. We just think that all of these ups and downs are unpredictable, of course, we can do predictions but never think it all be right, not at all times.

Influencers are just one of the cancerous aspects of what social media brought to the table.

Most of them act like they can predict the future with almost 100% accuracy while as a matter of fact they're just as clueless as you or anyone else on what happens next with the market, and unfortunately many newbies in the market think making money with trading/investing is easy and they can rely on these accounts to give them proper advice which is absolutely not the case.

Don't get me wrong, there are some good influencers in the space that can give you great advice and help you develop a new perspective on the market and how they operate, but they often remind you that they're not a know it all and they're merely trying to increase the chance of seeing the next move of the market with their data/information provided in their tweets, but sadly that doesn't include a very large percentage of them.

Market volatility will not have any negative effect on those who are gaining knowledge and believe in crypto. However, as the current situation is a little worse, the market has dipped below $20k, many are looking for a big support zone at $17k. That may be the maximum dip for those who are interested in investing. Despite having dip, some investors may not buy because they are always waiting for dip.

If we consider a hypothetically possible situation, then the bitcoin's fall below "the peak price of the previous halvening cycle" will mean that something unusual and force majeure is happening, which means that need to start to get nervous and panic?

This is not excluded, but as NotATether claims above, the probability of this is minimal, because until now, this has not happened. So, most likely, the price will hang around at this level and will not go lower.

Unfortunately, the price of bitcoin can't be correctly predicted whether it will go up or down, we all are just holding and hoping for the best, the dip also is an opportunity to buy more at a cheaper price, but this is for those who have the extra cash to throw in, and not for those who already bought with all the cash they have and currently waiting for profit.
Anyways, like I said before, we keep holding and waiting for the best, also buy more at every dip, if you have the cash.

How can the price stay steady when it is been traded actively? I doubt btc price can ever stay stable, it is the up and down movement of price that helps new investors to come in and also gives opportunity for day traders to make profit. Btc is not designed to be stable so don't expect it to be suddenly. If you can't watch the price, uninstall the app, unfollow the sites till when bear market is over.

Op has already said that he is a long-term investor, it means that he should not be bothered about the current price of Bitcoin but since we are all in the industry, that is no way we are not going to be concerned about the price of Bitcoin. But there is absolutely nothing we could do because we cannot make the coin to be stable. Bitcoin is either going up at a time or coming down at another time, it cannot be stable so we must learn to deal with it.
To be on the safe side at this moment  what we should be doing is DCA bcause we don't know actually where the bottom is or when the next bull will run.

That didn't happen yet so there is no confirmation there that this is the case besides, even before the Mtgox rumor, Bitcoin has been trading between the $17k it fell to in July to around $24k+ which looks more like a sideways movement from the chat to me if you look from a daily chart plot unlike what was happing from previous months of decline. However, I hope it doesn't dip more cos we could see a $16300 BTC price next. 

Bitcoin plumbing to $11k is just an imagination of funds makers that want to buy back at relatively low price and just as frankly have said rightly, there have sold out the holding to take gain at earlier price and they hoping to cause the weak hand to sell off the Bitcoin at a cheaper price.

There is no way possible Bitcoin will pull back to 11k I don't expect that in Bitcoin history again we have gone beyond that price range and nothing could force Bitcoin to lower down to that price. But if you are looking for the lowest Bitcoin can go for now then it will still be in the range of 20k and judging from events in the price for the past 2 to 3 months you will agree with me on that.

Though no one want the bitcoin price to come down even those who are buying in the bear Market would still want it to be high for them to sell. But people who are dealing with bitcoin supposed to understand the movement by now. Yes when bitcoin price goes up bitcoiners rejoice. But you don't have to over rejoice because it has its own peculiar way of movement. Yes when BTC was going up I also predicted that the price would not come down again but the price drastically come down to 19k last weekend.

Richard Heart is not supposed cry as a strong bitcoin influencer in that matter. He would have been the right person to encourage others that not strong in the faith. Now that he is the one doing the opposite what will the other that are not strong in the bitcoin faith will do?
Moving to the dipest part is what we can not predict. But I believe it would stay on this figure of 19k to 20k within this imber month period. 

I am following a lot of crypto-Twitter people and based on their opinions and my own I am not worried at all.
I also used to check the BTC course daily, but I found this affecting too much to my emotions. I feel a lot better just checking the markets weekly or so, as I prefer to hodl on the long term.
Be patient and I think 100k+ is very possible in 1-3 years. Just my thoughts

I will remove all your confusions in one line "count the number of times Bitcoin has been declared dead since it came into existence."

actually if we understand the performance of bitcoin from the beginning to the present, of course we will not be too worried about the price, it's just that many people are focused on price fluctuations and that makes them enter in doubt. from the beginning before bitcoin grew, many people were pessimistic about bitcoin, even before there was a decline from $21k to $3500, and finally it rose significantly and this time in a bearish season, from that picture we can look for opportunities in the current situation

A long-term crypto holder should not be concerned about the price because he is holding for an extended period of time. The only time you should check the price is when you intend to add more to your portfolio; regular price checks may result in a loss of interest, which may result in selling without meeting your desired target. It is recommended to follow the price movement alone for the majority of the time during a bear market until the market regains its equilibrium.

I guess we are at dipper as your threads topic rightly says. At least price is at $20k today as opposed to yesterday's $19k. Ironically, we aren't selling, be it high or low, we mostly prefer holding except for a few users that swaps there coin to stable coins just to ensure the value stays stable but most other users don't. Why?
Most of there coins are on there wallets and not exchanges like myself. Hence, we just watch the value fluctuates but, that's good for the currency and investors looking to invest. Bitcoin is just being nice by giving others and eve those who wish to own more a chance to invest, lol... of course am kidding but, yeah, it's a time for investment.
Therefore, we might hold on being happy to see our investments on the rise. That time will still come!

I repeat (I've said this elsewhere), no individual knows accurately where price is headed. We can only speculate. Don't base your judgment of Bitcoin price on what a single individual says. Even if whales were to come together to conspire to sell off at the same time, they still won't be able to dictate what level price will fall to let alone a single individual. So, ignore Mr Heart. He's merely seeking attention.

If you're a long term hodler, I don't see why current price should be of concern since you ought to know that the current price is at a discount; offering an opportunity for new investors to get in. Have 2024/25 in mind as the expected time to sell off. From the look of things, I even expect a further price dip after a momentary rally in November. My November pick is based on how I've seen price react in that particular month, not of anything else. I've to say that so people don't misconstrue that speculation.

Personally I think that Bitcoin can go lower, however, being convinced that Bitcoin will be the safe haven of the future, I am calm and continue to buy it regularly! The price does not change anything!

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There are a few reasons why the reasons why the bitcoin price is not more steady. The first reason is that we still live in very uncertain times right now. The Russia Ukraine war is still raging with no end in sight, the USA and China relations are at a lowest over the Taiwan issues, and global economic growth is not picking up again. All these issues make investors worried and losing trust in crypto currencies. Another factor is the high inflation which finally forced central banks to increase interest rates now. Now banks are starting to offer interest on saving accounts again and fixed income products become more attractive. For HODL investors nothing really changed, but for short term investors they feel like making higher returns in other asset classes.

This discussion will always come up anytime there is a price dip but it is uninteresting when they come from bitcoiners who have been in the space and witnessed the previous bear season I believe. No doubt it feels uncomfortable whenever the price is on a downward slop but I expect anyone who has already witnessed the past bear period to be used to it by now, complaining about it won't change anything, this period separates the true long-term players from occasional short-term investors.
@op braze yourself cos I read September is the most bearish month historically.

You are a long term hodler and yet you are still wondering on why those things are happening? It is normal for a price to go down again after it increases because there might be people who take advantage of that small pump. Also there might be factors which have affected the price in a negative way. The price can be steady sometimes. Can't you see that we have stayed on 20k for so many weeks last time?

But, it's not possible for a price to remain stagnant forever because we are not talking about stable coins here but we are talking about volatile coins. At the moment, we don't know if the dip will continue or not but if yes then you better buy and just continue hodling since you said you are a long term hodler. There is no need to worry about your side.

As a long term hodler paying attention to your chart and how price keeps falling will grow some unwanted emotions in you. Even if price falls to $11k it should rather be another entry point for you. As far as supply and demand keeps fluctuating price will never be stable the greater part of the curve will always control the market

If you do have the habits something like this then it would be most likely resulted into some disaster later on when you do already make out bad decisions because of it.
Market does have all the possibilities whether it would dump or not into a certain extent on which people been expecting.Whenever we do see these instances or situations then to those people
who do have sufficient experience will really see these things as an opportunity and not something do talks about the end of the market which is really not true at all.
Always make yourself prepared for whatever things that lies ahead.