Bitcoin Forum

During the last week the crypto world has been quite a ride with the price slump we've experienced. With Bitcoin and altcoins taking a notable dip on the 23rd, I'm curious to hear how everyone is coping and how it affected your investments and what your strategies are moving forward considering the upcoming halving.

For the veterans, is this just another cycle, or does it feel different this time? And for the newcomers, how are you handling your first major dip?

Also, how do you think this slump will affect the growth of Bitcoin and altcoins in 2024? Are you adjusting your strategies, or holding firm to your original plans?

It's just a not-so-big slump compared to past bitcoin price dips, so I don't see why this should make anyone so worried. It's how markets behave, I actually expected a price correction a long while back. With Bitcoin Spot ETFs getting approved, I know so many people expected an immediate Bitcoin price rally all the way up, but that is not what happened. The fact that Bitcoin rose all the way from 20K prior to the Spot approvals means that those who were smart enough bought way back and did have to wait until the day an official announcement was made.

I believe the same thing is going to happen after halving. There won't be an immediate bull run. It might take a while. Well the market can be unpredictable sometimes

The decline in the price of Bitcoin doesn't seem to be that big, maybe as other people have said, they deliberately dropped the price of Bitcoin and of course investors will sell some of the Bitcoin they have, they feel this is the right moment to buy Bitcoin now, because today It's getting closer to halving, this is just an assumption but I'm a little sure about this

OP, we're in that part of the cycle where all DIPs should be welcomed to buy Bitcoin with a discount. It's the pre-halving phase, and your "mission should YOU choose to accept it" is to look for extra liquidity to buy these Bitcoin DIPs, especially if it's the BIG DIP, which I believe there's a high probability of happening.

But it will be painful, and it will make everyone panic. But during 2025, the DIP will not be noticed in a Bitcoin chart that shows the price at six digits. 8)

Or perhaps we can say every dip does not have a strong reason behind it because the crypto space is recognized for its volatility so if we find any dip we can consider a buying opportunity in the case of Bitcoin to fill our bags more. Indeed there maybe another opportunity of buying again before halving which is near.

well, six figures are easy pizzy and My hope for the middle of 2025 bitcoin prices will trade above the level of 130k. what do you say?

Whenever you see Bitcoin in the crypto world going down in price, it means it has to go up, so it reverses to its original price. It goes to mean it has to run but once it is there it will come back and then it will go up.

my own analysis that by coming April Bitcoin can go to 60K because I have seen it many times that whenever it wants to go up, the people shorted from the top, then it goes down, many people withdraw it's amount but people have no tseen th Bitcoin price of what it is now has not gone up, it will go up in April, but people will see, then they will cry and say we missed.

Do you consider a drop of ~$4,000 catastrophic? This is a temporary fluctuation, which is not at all uncommon in the cryptomarket and there is nothing to coping here, because it is commonplace. If the main strategy with bitcoin is hold, then why change plans due to a short-term drop, which, by the way, has already recovered. There is no need to change anything here, “just hodl.”

The cycles and fluctuations remain the same. Only perception changes depending on experience. As you noticed, the attitude towards such situations is very different between beginners and veterans.

It won't have any effect. Growth in 2024 may be affected by other events (rumors and news). What to answer if there is no strategy or plans? :)

Always remember that dumps happen ALL THE TIME, and you know what? Bigger dumps actually happen in bull markets, not in bear.

Also, the dumping is significantly(but definitely not totally) caused by the selling by GBTC. Once they're done(whenever that is), expect lesser negative price action.

I will share my opinion as a veteran, it really didn't create any panic or impact on me as we have seen this in the past and will continue to see this in the future as well, this is just a trailer of what we are going to see until the bull run because we are heading towards halving and this will occur more often. This should be considered as an opportunity to make some quick profit by buying more Bitcoins. I cannot commit on altcoins as it's bit risky but we can go for Bitcoin during these fluctuations and by the way it was not a huge dip.

Recently I heard there was restrictions on Bitcoin in China which I don't think that could have been a reason for that.
The Bitcoin ETF that had been trending for weeks now could not even keep the price up as long as possible. Very soon we should be expecting some market manipulation since majority had been waiting for the Bitcoin halving, thinking the Bitcoin ETF would be a first bull run for the halving to skyrocket the price of Bitcoin to the real bull. Now we are seeing something contrary!

i dont think theres any worries about. Actually, it was a good price to even buy a little bit more

This correction was expected, although no one could know exactly what price level it would start from. After all, after such an increase in the price of all coins, on the eve of the approval of the Bitcoin ETF, the market should go into correction. And once again we were convinced of the truth of the saying that "Buy on rumors, sell on facts".

Seeing this recent price drop, it only gives us another opportunity to stick to the original plan, that is to maximize our bitcoin portfolio before facing the final bull run. Hence, this recent price dip is not made to worry us, but to gives us better opportunity to prepare ourselves  and our bitcoin investment to maximize our profits when bitcoin bull run finally happens.

This is another opportunity for us to accumulate and maximize our bitcoin investment, not in a way of buying all in but through DCA, it can be a great initiative to perform buying without even worrying on preparing for a huge amount of capital. With this recent crypto price drop, I don't see any reason to panic or put yourself into worries because we all know that this will only occur at a temporary time. Eventually, the price will recover again and will set a goal to reach its new all time high.

While this brings joy and excitement for those who are eyeing the market for long, but due to price hike, it becomes a struggle for them to enter the market. But here it is now, although it's not a do or die, but we all know that it's a lot more satisfying in the future if we can start investing today and benefit the profits in the near future. While patience is a must, risk management is also a must do for us.

From what I saw, the events were natural selling; I did not see any manipulation in the things happening in the market. Instead, what I see and notice is that the whale manipulators are accumulating bitcoins at the moment.

It is not in their minds to sell Bitcoin right now; they can make excuses for others who have holdings of Bitcoin to sell, and when what they want to happen is a drop, they will also take advantage of buying a lot of Bitcoin.

The ensuing bloodbath that started in the market did not turn out to be too bloody. But this dumping position of the market didn't bother me much as I held the investment in DCA method even after seeing the dumping condition of the market I invested some money from outside. At present the market has improved a lot, I hope the market will not be dumping anymore. We know there will be dumping before the bitcoin halving, maybe the current dumping was a signal of that bitcoin halving. I have invested using DCA method and will continue to invest hopefully I will definitely profit when Bitcoin and Altcoin bull season starts.

Dips are normal because of its volatility. It's not about always going up, you're gonna used to it soon enough.
There's nothing to worry about the price, the pumps and dumps are cryptocurrency everyday routine, even in any timeframe. Newbies always panic whenever there's a dump happening, making them do panic selling making the price goes up when it is oversold, and goes down again when it's overbought.

You should walk away from your trading accounts, trading charts, and do something beyond trading like hanging out, doing physical activities and you will no longer feel panic and bad.

Market is always manipulated and the more time you look at chart, more probability your psychology will be less stable, less normal and your actions will be manipulated as well.

Please tell me after you see this historic retraces of Bitcoin.

This is not the major dip. I haven't been active for several months but I am still updated with the market, I don't feel any worry about any recent dips. They're all normal if you're going to think about the possibility of seeing the next all time high. If you don't like what's happening on the market before a huge pump goes, you have to endure all of the pain because if you can't, you better get out of this market.
As I said about normalizing these feelings for these normal motions of going up and down, you have to bear that because in the end, you'll be happy that you've stayed and endured.

I have already a testing with this uptrend because we know always happens in every halving the market price drop and based on the history of the chart of the BTC this price is just temporary and based on my expectations I'm right so most of my accumulating coins are just already pulled out and trade into stable coin USDT specifically so I'm waiting again for the real price drop after this if there's any, else Ill make another retest with the market to make sure my plot in the market is right and if goods all well position must be settled ofcourse every movement we take profit.

This price drop for Bitcoin in the lead up to the halving event follows a predictable pattern that has occurred before past halvings. Typically right before the halving takes place, Bitcoin dips in value temporarily to enable major holders ("whales") to accumulate more BTC at discounted prices. This appears to be occurring again as the market prepares for the upcoming halving. The price decline allows large investors to stock up on Bitcoin before the halving reduces the supply available.

That would probably depend on the size of DIP. Because most of them, especially the smaller ones, might not have actual reasons behind them except that they are caused by market participants trading back and forth against one another. We also have the minor FUD which happens many times in Bitcoin every year. But saying that "every DIP doesn't have a strong reason" would be a mistake. The DIPs currently have a very strong reason behind it. DYOR on Grayscale Bitcoin Trust. 8)

This will be my first halving experience and I'm getting a load of it, I was hoping that the price pump will just be a smooth sailing, increasing till it hits bull season, I almost totally forgot that this is a price pump and dump market. What gave me confidence was that I was thinking that after the ETF approval that it'll be a rollercoaster to bull run, then this recent price dip happened and proved me wrong. But I'm still confident that despite the price fluctuations we're still heading to bull run, so we'll pretty much ignore the price trends now and continue accumulating and hodling till bull run.

Just take a look at the phases of past halvings, especially the last few months before the halving. These were very often characterized by relatively sharp slumps, especially in 2020, of course, when the coronavirus pandemic got into full swing at around the same time. It is therefore not unusual for us to see very choppy charts and high price drops again now. Here, for example, the months before the halving in 2020:

https://i.postimg.cc/52bDgh2h/screenshot-413.png (https://postimages.org/)
Source: Coinmarketcap

Dumping like that is really frustrating.  Everyone is a little nervous about this dump.  But this world is made up of pump and dump.  And traders have to keep pace with it.  Sometimes the market will pump and sometimes it will dump, you have to accept them and do the trading.  You can't be disappointed if the market dumps.  Those who can analyze the market well have less losses.

Dear if you are holding assets in spot and don't open any trade Dumping is not really frustration so consider it buying opportunity to fill your bag more because as well know Bitcoin ETF has been approved and Bull run is on the way we should not miss any buying opportunity when the market takes any correction Because in coming time market will not allow us or give us a buying opportunity again. So keep filling up your bags from time to time. DYOR

Stick to your plans! If you do see that the market do make out some dips or correction then this would be the best time on making some DCA and accumulation rather than on making some cut loss on which this is where most newbies or those new traders/investors would really be doing on which on the time that the market becomes red then they would really be tending to freak out on which this is really he most common
emotion and reactions on which these people would really be doing. This is why it would really be always important that you should really be that making yourself that pretty aware
that it isnt really that never that having a market that would be increasing its price like a ladder or a stairs.

Market cant be called just like that because there would really be up and downs on which you should really be needing to watch out and something that you should be realizing.
Crypto prices are really that highly volatile and if you arent that careful nor really that get prepared then you would really be definitely be having that kind of
problem on which it would be causing for you to have that kind of broken expectation on which it would bring out that kind of disappointment.

What we have seen is just a price correction, from $39k and now it’s back again into $41k so for obvious reason, bitcoin is not yet at its long price dips or a bearish market instead. However, if you decide to buy at the current price, I can still say it’s a good time to buy since we are not yet at its peak price. And as long as bitcoin halving is not happening yet, then accumulating bitcoin through DCA is still highly advisable.

Bitcoin price remains unpredictable all throughout its process, so if we can see an edge to buy, then buy. As long as our aim is to hold it longer, then price drop or temporary market crash should not bother us.

There is nothing to worry or despair about the fact that the Bitcoin market will basically fluctuate because when the Bitcoin market goes down, we can definitely buy Bitcoins. Many of us who want to buy bitcoins may not be able to buy bitcoins due to the high price of bitcoins. Now there are many opportunities for them, especially when bitcoins go down, we can buy bitcoins if we want. So that we can benefit in future. It is expected that the Bitcoin market will accelerate in 2024.

I'm neutral, I know, and positive that the recent dump was just a correction, we must appreciate the pump recently and then we should be ready for a pullback, it is just not every day Christmas.
I just don't panic at all because I already experienced these multiple times.

And now bitcoin is back at the $42k :) , it seems that it will not agree with the crowd's speculation in the short term, but in a broader view, it can also be seen that the price adjustment and fluctuations are often consistent. If I go to bed at the beginning of the week and wake up at the end of the week, things don't change significantly, but each person's approach depends on their interests and understanding. Doubt/optimism always exists, and if you have built a long-term plan with the market, the recent fluctuations really aren't too much of a concern.

This is quite natural to happen, maybe this provokes holders to sell some of what they hold, but many people really believe that when Bitcoin goes to halving everything will go to the moon, and I myself believe in this, it's better to know the market in detail, what is it? just a threat in my opinion the btc halving moment will affect the price, so it's time to save now I don't recommend this is just my personal assessment

Exactly because of the slight dip in the market, many investors or holders panic sell. That's the reason why the dip continues; the happenings make them panic. The ETF's approval plus the slight market dip, which is natural, is why those easily scared panickers sell. Thanks to that, it's an opportunity for those of us who believe in bitcoin and are calm about the happenings. Because of that, I can buy more satoshis to add to my holdings and get ready for the upcoming bull run. I know there is no exact date, but of course it will be great to have more holdings and wait for the reward. So for the others who see the dip in the market as a bad sign, but for us who know how the market moves, it's a big opportunity for us to grab. It's better to be early than never, so stay calm and chill; the market will show its rewards.

The market has two movements, namely up and down. This seems normal, where there is an increase there must be a decrease and vice versa. And what is happening still looks normal, we know that Bitcoin has wild movements in terms of price increases and decreases. Even now that Bitcoin has found its way into an ETF, I think from now on the up and down movements will be more controlled.

It's only a healthy correction in my opinion we are already up 3x from the bottom price in this cycle. Since this is not my first major dip I feel like it's something normal happening, many people expected we're go above 50k$ when the ETF got accepted but in reality we had healthy corrections that don't get affected easily by those who post price analysis in the social media cause their prediction won't 100% accurate. Use your own strategy and don't be greedy

I am not so much surprised about the recent Bitcoin price drop. Because it's a part of trading. Bitcoin price pumped from 27000$ to 49000$ without any major correction. So, price pump and dump is a part of market. So, don't worry about that it is a part of market.

Not all dumps or price corrections need to know the reason because it is pretty simple, the market has been driven by its volatile nature - it pumps and dumps all the time due to the changing demand and supply. Rumors and speculations are possibly rising but should have to keep everyone aware of it? We can't buy all of it but rather accept that the market goes in up-and-down directions no matter what.

Let us widen our understanding, the market is so volatile. That is why Holding is necessary in case there is a dump. And aside from that, every drop is an opportunity as well as the rise.

I agree with what you said; honestly, dude, it's not important to know the reason. If we look at the candlestick, we have been mostly bearish for a while, and in this case, our patience is being measured because of the volatility exhibited by crypto assets on exchanges currently.

This is the opportunity to be cautious in every decision we make in our holdings, whether they are short- or long-term. If you're confident enough to keep up with the market, go ahead, but if you're not, stay and ease up on waiting for the right opportunity.

Technicals or fundamentals arent solid things that you could rely on it 100% on which there's no way that we could really be able to assure on where the prices would really be going.
People around do really love always on seeing the price to shoot upwards without even realizing that corrections and price drops are really just that part of the movement on which we know that this is how market works
or behaves. It is really just that people cant really just that accept out whenever they do see a red candle. Instead on making some DCA then do rather freak out and making those cut losses
on which they are really just that shooting up into their own heads.

Instead on taking up the opportunity on accumulating more, they do rather do the opposite.They would really be just starting out to make out actions on the time that
they've been seeing the price is shooting up on which it is really just that totally opposite on what a certain individual should really be doing in the first place.
If you are someone whose really that being impulsive and dont have the idea on how this market works then you are really bound on such mistakes.

ETF didn't get accepted, that's the problem. We seen ETF accepted fake news, but it wasn't accepted yet. There was a "hacking" that they so called, but in reality it is not really accepted and the tweet was a fake one and they removed it. That was of course not accepted by the public right away so the price went up al to ,and when it goes up a bit, the rest is done by the hype and the FOMO and the price goes up even more.

I believe that we are going to be fine eventually, we just need to let it be for a while. I know that life isn't fair and simple, but we just gotta do what we gotta do whenever we possibly could. This is why it gets to a point where price will go up, with or without ETF being a thing, all from people getting hyped for it.

A strategy that works in both ways would be ideal. Holding when the market is going down, trading when the market is going up, and then, market making when going on side ways. It's really dependent on how you are handling it and if you could do it automatically why not? A strategy in Gunbot can be done with that. It's been great so far.

That is the biggest problem that we have with crypto at the moment, the ETF talks are getting so scary that we are making moves based on the rumours of it, and that should be a very scary thing. I get that we may not get everything we want out of life, and sometimes things are not going to be easy, but waiting for ETF rumours to hit before you buy is not a smart idea.

You should be buying up right now and the result will be a good one, you just need time and you will be able to make that profit if you wait. I know that it feels scary considering many thing that the price will crash if it gets rejected so they are not buying it because of that and will buy if it gets accepted. However, it will not get rejected, postponed maybe, but not rejected, so you could buy right now.

Fluctuations are Bitcoins nature. So indeed, this isn't something that we should worry about but it is when BTC stays on one direction only (preferably when going down continuously) because when it's only going up, we still can be happy selling our bags for a massive profit. Although some of us can still buy when the price is dumping but the majority will panic for sure and start selling thinking BTC is now dying. If the price of BTC is high, it's not a requirement to buy a 1 whole BTC but we can still be able to buy at smaller portions. Besides, waiting is boring and it may not happen especially nowadays that we are now approaching the halving event.

The fluctuations in Bitcoin are so crazy, they can cause a heart attack.  Price changes are normal in crypto trading.  You have to take a breath and shake off the panic, and return to your analysis.

 I think this is just a small price correction and does not affect the price trend.  You have to do analysis at several different times to determine whether this is a major or minor trend.  In my view, this is just a minor trend so it won't have a big impact.  Meanwhile, market conditions are currently good, especially with the ETF news, of course the price of bitcoin will have a big chance to rising.

For beginners, don't be panic.  This may be your first time and you will experience it again and again.  My advice, stick to your analysis and pay attention to the trend.  If you stick to your analysis, you don't need to worry at all.

I wonder why people don't understand that the market would feel dead if there is no volatility at all. All these ups and downs are the reason why the market is alive and what's the fun if all the assets become stable? Because, if one thinks that they should just keep going up, that isn't possible, what goes up has to come down as they say, and opportunities are only created when the market goes down which is when you can make the purchases and then get ready for a pump.

It won't be fun if the market or any cryptocurrency becomes completely stable, we have seen this happening in about 5 to 6 months last year and the whole market got bored of it and everyone was expecting at least some movement whether up or down.

That is exactly true!! It is so true and yet people do not see that, I am really sick and tired of people trying to guess what we could do with bitcoin to make it more stable and I see that like a stupid idea. Why would we want to make it stable? There is no benefit of it being stable at all, we should try to make it as volatile as possible. Doesn't mean that it has to move 10%+ every single day, but keep it as volatile as it is right now.

Most days it doesn't move much at all, and in some rare days, like maybe 290 days in the whole year, it has 10%+ moves, in either direction. That is what makes bitcoin the greatest investment ever. Then of course there are bull periods, in which the price just skyrockets like nothing else.

At first, I didn’t even understand what kind of decline in the price of bitcoin we were talking about. The price of bitcoin fell in mid-January from 48,000 to approximately 38,000 dollars. I wouldn't say that this is some kind of dramatic fall. This was a normal short-term correction to remove the stop losses of people who were holding long positions. This happens when extreme greed enters the market. By the way. Now. According to research by Santiment, greed has returned to the market. There is also a surge in discussions about Bitcoin, which is usually a marker of a local high. In addition, we see that the adoption of ETFs is a win-back news, it is already in price. But I don’t yet see fuel for the next growth cycle. Halving will bring volatility, let's see what happens.

But what "kind of volatility" would the halving bring? The kind that brings panic because the community is expecting a crash, or the sort of volatility that brings more excitment because everyone is expecting a surge, and probably a surge to a new ALL TIME HIGH. 8)

Embrace and welcome all of the DIPs, the bigger the DIP = the more Golden the Opportunity, especially for those people who are still starting their Bitcoin investment journey. These DIPs will not be noticed in a chart of Bitcoin priced at six digits just like how we forgot about the DIPs we have experienced during Bitcoin at four digits. HODL!

It wont be called a speculative market if people on the community wont really be making out those tons of speculations that circles around on which i could say that it would really be just that normal.
When it comes to price drops and pumps then this is something that speculative and there's no way on knowing on where it would be heading. This is why it wont really be that shocking that people
would really be keeping on making those guesses and since this market is random and volatile and unpredictable then it would be just that normal that those kind of movements
could happen without us knowing or expecting or anticipating.

Expect the unexpected because this is how this market works and this is why you should really be wise on every thing that you are dealing with.
Recent crypto price drop? Its an ordinary day here on crypto on which it could neither have that fundamental reason or none.

What I'm doing is simple; only a few of the indicators are often used to be honest, and some of those are the SMA. Trendline is enough for me to identify the price and where it will go. Besides that, I don't know what caused it to fall in the market.

Because as long as we know what trend our current trading activity is doing, that is enough as long as we know and can keep up with the trend that it has in the actual trade in the market so that we can get profit from it.

Always get to know the latest news because that's how you're going to take advantage of it. When there are some bad news regards to the market, you'd see if they have already affected the market or specifically, the coin that you're holding. So, with these drops that we have, there's a reason for it and that's what you need to know about them. Just like what we're experiencing now, look at the reason through searching it what might be the cause of this sudden dump.

Once again, it's just a matter of Bitcoin fluctuation. Because the price of Bitcoin cannot be stable and continues to rise. So there will indeed be a stage where prices rise and fall, either slowly or drastically. And if we look even now, the price of Bitcoin is about to experience a correction even though it has reached $52,800, almost reaching $53k. And currently, the price has dropped quite a bit to $51,330. And here we just have to see whether the price will reach a certain support point or not. Well, just wait. Or do we actually have the opportunity to accumulate Bitcoin at a lower price, right?

Bitcoin can be more volatile than other assets but it's right to say there is no asset can rise forever.

Price must be risen and corrected with time and if there are corrections during a bull run, they are normal and healthy corrections. If we look at the price chart daily or weekly, monthly, we can see very high volatility. If we look at yearly price chart, we will see less volatility and in contrast, we might see great chance for investment and get profit.

https://twitter.com/woonomic/status/1760460705877352815
https://cryptorank.io/price/bitcoin
https://charts.bitbo.io/yearly-candles/

That's true, but it's probably not true for Bitcoin yet, and it will not be true for more cycles. The ETF surge hasn't truly started in my opinion, PLUS Jerome Powell's pivot.


Annualised Return will probably increase after the next bull cycle is recorded. The Federal Reserve will pivot and turn on the money printer, then we'll experience a great surge like the surge of 2015 to 2017.

If this happens, the price increase of BTC is only due to the fact that the dollar has become less valuable and not because the price of BTC is rising. So you could buy just as much BTC as before, it would just be nominally "worth" more. I would much prefer a significant price increase while the money supply remains the same, only then would there be an actual increase.

But I completely agree with you about the ETF surge: I don't see it as priced in yet either. Mainly because the major ETF providers are still going crazy with their BTC holdings.

There has been yet again a small drop, which is fine and not a big deal at all. We should consider that as normal and shouldn't really have a problem at all. I believe that the best thing to do at this moment would be focusing on what we could do, and that should be the priority in the end. I get that we are not going to end up with anything that will go down even more, not like some bear run is about to start right on the verge of this situation, but that also doesn't mean that we are going to stop, it's just not the same.

I believe that we are going to go back up again, just not right now and we need to make sure that we could give it some break, we may end up doing as well as we could hope for and should be fine eventually.

I think is normal thoughts on the recent cryptocurrency or bitcoin price drop, have been several time and trader or investor got much experienced facing bitcoin and altcoin price dropping drastically but its not longer time needed for recovering return back to the higher price.
To anticipate the price of bitcoin or altcoin dropping drastically when trading, always set aside around 30% to 50% of reserve funds to be used for buy backs when the price actually drops drastically.
Its very important with reserve fund in trading and don't all out for investing in the same price in bitcoin or altcoin, make difference price gap more than 10% or hold your fund waiting for market get large correction.

 Yes and no, because the one can't exist without the other. Plus what's causing the Dollar becoming less valuable is because they're printing more of it, which causes inflation and causes prices of goods and services to increase, including Bitcoin. In such a world, don't you think that Bitcoin's rising price is representive of its value? It is in my opinion.


It's mainly because the money printer is off. Turn it on, and give the major asset managers access to the newly printed money. 8)

It will be a Golden Opportunity for Bitcoin HODLers.