Buy the DIP, and HODL!

[Wind_FURY]

This is the golden rule to follow if we want to make money in crypto, it's pretty a cycle of a long period pump and dump.
Every market situation gives as an opportunity, and only a smart trader can spot what kind of opportunity he will face in a certain market condition.

That's why investing must have knowledge, traders usually have a way of seeing good conditions in starting to invest, and many ways to make crypto money, but these ways don't look easy to people who don't know how to do it, because there are too many things to consider, so that the trading that is done really gives a positive value from the investment that was started

Shower thought. Are we "just" trading or investing? The more understanding of the protocol you have, and the more and more insights you develop, it becomes something more than investing. I don't know what to call it, but it's a "Revolution". Because what we're HODLing, is a unit in a technology that changes the balance of power. Don't tell anyone that you're a Bitcoiner.

[JayJuanGee]

This is the golden rule to follow if we want to make money in crypto, it's pretty a cycle of a long period pump and dump.
Every market situation gives as an opportunity, and only a smart trader can spot what kind of opportunity he will face in a certain market condition.

That's why investing must have knowledge, traders usually have a way of seeing good conditions in starting to invest, and many ways to make crypto money, but these ways don't look easy to people who don't know how to do it, because there are too many things to consider, so that the trading that is done really gives a positive value from the investment that was started

Shower thought. Are we "just" trading or investing? The more understanding of the protocol you have, and the more and more insights you develop, it becomes something more than investing. I don't know what to call it, but it's a "Revolution". Because what we're HODLing, is a unit in a technology that changes the balance of power. Don't tell anyone that you're a Bitcoiner.

It seems to me that merely investing in bitcoin, you could end up doing or motivated partially by all three simultaneously...

that is trading

investing

and

engaging in a revolution



Of course, there are many of us including but not limited to yours truly and likely you too Wind_FURY who tend to want to think about bitcoin as an investment and a long term investment.

Surely, you and I have some disagreements regarding how much emphasis to give to buying on the dips versus engaging in a kind of pure DCA - and I am not really opposed to attempting to do both, even though you Wind_FURY seem to believe that bitcoin investors should attempt to understand their investment sufficiently enough in order to be able to identify when dips are happening and to attempt to take advantage of such dips in order to be able to both acquire more BTC on the dip but not to spend as much of their fiat prior to when the dip occurs.

It seem to me that the engaging in a revolution part does not necessarily need to be present from the start or even a sole motivation, but it could be part of the motivation to be into bitcoin and maybe even part of the reason to hold a larger amount of investment into bitcoin because there is a belief that bitcoin is changing the world in meaningful ways.  When I talk to newbies about bitcoin, I don't necessarily start with talks regarding how bitcoin is a revolution, but sometimes the conversation will go in that direction. .and at the same time, I do believe that a lot of folks could establish quite strong investment theses into bitcoin without even necessarily believing that bitcoin is a revolution - even though it does kind of seem that the more deeply anyone attempts to understand and appreciate bitcoin's contribution to society, there is going to be some likely increased understanding regarding bitcoin's revolutionary angle.

Actually another thing about the revolutionary angle is that when you really start to understand the power of bitcoin and the fact that it was designed in such a way to be able to be somewhat resilient to attacks from state actors and even powerful private actors, there is a kind of "holy shit" appreciation in regards to the power of that kind of system and amazement in regards to the fact that anything like that could really be designed, and perhaps part of the lack of understanding that so many normies no coiners have in regards to bitcoin remains their skepticism in regards to believing that governments are more powerful than they are in terms of being able to control (or even stop) bitcoin if they were to not want bitcoin, so that angle that challenges so many perceptions (and conceptions) regarding how the world works remains something that is so hard to wrap our heads around.. even if we have been in bitcoin for a long time, many of us continue to have doubts in regards towards bitcoin's various resiliencies that are somewhat embedded into its already genius design... and also a lot of luck that so many of the basic design components have not been undermined in any kind of meaningful nor substantial way that would cause bitcoin to lose its resiliency angle within its design and how it operates every 10 minutes producing another block and no one can stop it.. hahahahaha  that's powerful.

[Wind_FURY]

This is the golden rule to follow if we want to make money in crypto, it's pretty a cycle of a long period pump and dump.
Every market situation gives as an opportunity, and only a smart trader can spot what kind of opportunity he will face in a certain market condition.

That's why investing must have knowledge, traders usually have a way of seeing good conditions in starting to invest, and many ways to make crypto money, but these ways don't look easy to people who don't know how to do it, because there are too many things to consider, so that the trading that is done really gives a positive value from the investment that was started

Shower thought. Are we "just" trading or investing? The more understanding of the protocol you have, and the more and more insights you develop, it becomes something more than investing. I don't know what to call it, but it's a "Revolution". Because what we're HODLing, is a unit in a technology that changes the balance of power. Don't tell anyone that you're a Bitcoiner.

It seems to me that merely investing in bitcoin, you could end up doing or motivated partially by all three simultaneously...

that is trading

investing

and

engaging in a revolution



Of course, there are many of us including but not limited to yours truly and likely you too Wind_FURY who tend to want to think about bitcoin as an investment and a long term investment.

Surely, you and I have some disagreements regarding how much emphasis to give to buying on the dips versus engaging in a kind of pure DCA - and I am not really opposed to attempting to do both, even though you Wind_FURY seem to believe that bitcoin investors should attempt to understand their investment sufficiently enough in order to be able to identify when dips are happening and to attempt to take advantage of such dips in order to be able to both acquire more BTC on the dip but not to spend as much of their fiat prior to when the dip occurs.

It seem to me that the engaging in a revolution part does not necessarily need to be present from the start or even a sole motivation, but it could be part of the motivation to be into bitcoin and maybe even part of the reason to hold a larger amount of investment into bitcoin because there is a belief that bitcoin is changing the world in meaningful ways.  When I talk to newbies about bitcoin, I don't necessarily start with talks regarding how bitcoin is a revolution, but sometimes the conversation will go in that direction. .and at the same time, I do believe that a lot of folks could establish quite strong investment theses into bitcoin without even necessarily believing that bitcoin is a revolution - even though it does kind of seem that the more deeply anyone attempts to understand and appreciate bitcoin's contribution to society, there is going to be some likely increased understanding regarding bitcoin's revolutionary angle.

Actually another thing about the revolutionary angle is that when you really start to understand the power of bitcoin and the fact that it was designed in such a way to be able to be somewhat resilient to attacks from state actors and even powerful private actors, there is a kind of "holy shit" appreciation in regards to the power of that kind of system and amazement in regards to the fact that anything like that could really be designed, and perhaps part of the lack of understanding that so many normies no coiners have in regards to bitcoin remains their skepticism in regards to believing that governments are more powerful than they are in terms of being able to control (or even stop) bitcoin if they were to not want bitcoin, so that angle that challenges so many perceptions (and conceptions) regarding how the world works remains something that is so hard to wrap our heads around.. even if we have been in bitcoin for a long time, many of us continue to have doubts in regards towards bitcoin's various resiliencies that are somewhat embedded into its already genius design... and also a lot of luck that so many of the basic design components have not been undermined in any kind of meaningful nor substantial way that would cause bitcoin to lose its resiliency angle within its design and how it operates every 10 minutes producing another block and no one can stop it.. hahahahaha  that's powerful.

It was merely a shower thought, don't take them seriously. Plus I'm the stupid one in the forum, you know that. Hahaha.

Back to our favorite sport, talking about/debating/guessing Bitcoin's price, I believe the next bear narrative might be guessing when and where the DIP might end to find a good price-point to start buying, instead of the old "Bitcoin is dead" narrative which was common during the last bear market.

[JayJuanGee]

[edited out]

It was merely a shower thought, don't take them seriously.

Anything that you post is fair game, whether you believe it to be trivial or not.

Plus I'm the stupid one in the forum, you know that. Hahaha.

Fair enough.  I won't argue with that.   

Back to our favorite sport, talking about/debating/guessing Bitcoin's price, I believe the next bear narrative might be guessing when and where the DIP might end to find a good price-point to start buying, instead of the old "Bitcoin is dead" narrative which was common during the last bear market.

Well, yeah.  It does seem that the proclamations about bitcoin going to zero are seen way less regularly, and perhaps it is becoming much more difficult to either believe those kinds of projections or to even figure out ways to say such a thing without looking like a total nutjob.

I do believe one of the better ways of denigrating bitcoin does end up being when bitcoin is not differentiated from the many retarded, scam, smoke & mirror, "crypto projects out there.. not sure if there is any need to name the so many variations of such deceptive projects and the ways that bitcoin is lumped in with that crap - while at the same time, there is some truth to the various claims that bitcoin had enabled (and maybe even continues to enable in some indirect ways) the abilities to carry out so many ways to lull people into not really necessarily knowing the differences, but then even perhaps getting invested in some kind of way.. mentally or financially into the so many ways that technology is adapting in the real world.

Regarding bitcoin, for sure in the past couple of years, if not longer, with the exception of March 2020, there have been quite a few struggles to even get the BTC price down to the 100-week moving average, and currently that 100-week moving average price is nearly up to $35k, and even in June/July 2021 when we got down to $28,600, the 100-week moving average was at about $20k, so surely the 100-week moving average has continued to hold up pretty well in the past couple of years, and perhaps it had not really been breached since March/April 2020 when it was at about $7,200 at that time.

You can see the historical 100-week moving average prices here.

I am not saying that the 100-week moving average might not end up breaking, and surely we seem to be getting quite close to it - because it continues to slowly move up to higher prices, yet I would not be putting any kind of meaningful value in terms of either believing that it has to be met - even though we surely do continue to have a lot of worrying macro-events ongoingly taking place as well as the seeming precariousness of the juggling of various fiat systems (possibly better known as bubbles?).

I continue to argue that the 100-week moving average tends to serve as a bottom price for corrections during a bull market, and perhaps the fact that the 100-week moving average has not really been preached for nearly 3 years (absent the short-lived March 2020 liquidity event) supports the theory that we have been in an ongoing bull market since 2019... while at the same time, the use of those kinds of longer term moving averages, such as the 100-WMA.. does end up serving as a lagging indicator to tell us where we have been rather than where we might be going, so in that regard, if the 100-week moving average ends up getting breached for a decent amount of time, then we might be able to proclaim that the bull market may well be over and we are in a bear market - for however long that new status of a bear market might end up lasting.

So, then the 200-week moving average becomes the likely extreme bottom for when we end up being in a bear market, and currently the 200-week moving average is just moving above $21,500. 

You can see the historical 200-week moving average prices here.

For sure since early 2021, there have been quite a few folks proclaiming that bitcoin has to get some kind of a correction back down to the 200-week moving average, and holy shit.. the 200-week moving average has more than doubled in the time that those proclamations have been being made..

Even though quite a few more finanancialization tools have been introduced into bitcoin (including but not limited to futures/options products) that have been allowing for the naked shorting of bitcoin, so there is likely some truth to the matter that some of those tools can be effective in keeping bitcoin prices down.

Historically, those same kinds of tools have been successful in keeping PM prices down ( such as gold), while at the same time, bitcoin is a different kind of asset than PMs such as gold in terms of the ability to easily claim possession and to verify it without expensive third-party processes.. so in that regard, some of the bitcoin shorters and those who do not have the bitcoin that they proclaim to have (or that they are using in their various bets) may well get caught with their pants down in terms of their inabilities to cover the value of the coins that they are betting as if they had them.. which are ultimately client coins.,. but if they do not have them to give to clients, then there could end up being some pretty BIG wreckenings that are not are not really resolvable.. and maybe even some of the institutions/governments might not be ready, willing or able to cover those kinds of games that rich folks believe that they can get away with largely based on the fact that they have been getting away with that kind of fuckery for a decently long time.. ... so surely who knows if such wreckening scenarios will end up playing out or not.. even though I personally believe that there continues to be greater dangers in bitcoin than in other asset classes for the rich and/or even governments to be fucking around with trying to hold bitcoin prices down through those kinds of financial instruments (or even new variations) that have worked for them historically.

I suppose that my punchline is merely just to watch one stage at a time and perhaps there continues to be some questions about whether the 100-week moving average is going to be breached.. and if it is breached, does that 100-week moving average start to serve as resistance (rather than support) which largely would just mean if the BTC price were to be able to stay below the 100-week moving average for any kind of meaningful length of time beyond a few weeks, that is if it even were to get there.  I have my doubts, but I don't want to be caught off guard in terms of presuming too much regarding where the BTC price might go and how long it might stay there.

[Wind_FURY]

[edited out]

It was merely a shower thought, don't take them seriously.

Anything that you post is fair game, whether you believe it to be trivial or not.

Plus I'm the stupid one in the forum, you know that. Hahaha.

Fair enough.  I won't argue with that.  

You simply can't.

Back to our favorite sport, talking about/debating/guessing Bitcoin's price, I believe the next bear narrative might be guessing when and where the DIP might end to find a good price-point to start buying, instead of the old "Bitcoin is dead" narrative which was common during the last bear market.

Well, yeah.  It does seem that the proclamations about bitcoin going to zero are seen way less regularly, and perhaps it is becoming much more difficult to either believe those kinds of projections or to even figure out ways to say such a thing without looking like a total nutjob.

I do believe one of the better ways of denigrating bitcoin does end up being when bitcoin is not differentiated from the many retarded, scam, smoke & mirror, "crypto projects out there.. not sure if there is any need to name the so many variations of such deceptive projects and the ways that bitcoin is lumped in with that crap - while at the same time, there is some truth to the various claims that bitcoin had enabled (and maybe even continues to enable in some indirect ways) the abilities to carry out so many ways to lull people into not really necessarily knowing the differences, but then even perhaps getting invested in some kind of way.. mentally or financially into the so many ways that technology is adapting in the real world.

Regarding bitcoin, for sure in the past couple of years, if not longer, with the exception of March 2020, there have been quite a few struggles to even get the BTC price down to the 100-week moving average, and currently that 100-week moving average price is nearly up to $35k, and even in June/July 2021 when we got down to $28,600, the 100-week moving average was at about $20k, so surely the 100-week moving average has continued to hold up pretty well in the past couple of years, and perhaps it had not really been breached since March/April 2020 when it was at about $7,200 at that time.

You can see the historical 100-week moving average prices here.

I am not saying that the 100-week moving average might not end up breaking, and surely we seem to be getting quite close to it - because it continues to slowly move up to higher prices, yet I would not be putting any kind of meaningful value in terms of either believing that it has to be met - even though we surely do continue to have a lot of worrying macro-events ongoingly taking place as well as the seeming precariousness of the juggling of various fiat systems (possibly better known as bubbles?).

I continue to argue that the 100-week moving average tends to serve as a bottom price for corrections during a bull market, and perhaps the fact that the 100-week moving average has not really been preached for nearly 3 years (absent the short-lived March 2020 liquidity event) supports the theory that we have been in an ongoing bull market since 2019... while at the same time, the use of those kinds of longer term moving averages, such as the 100-WMA.. does end up serving as a lagging indicator to tell us where we have been rather than where we might be going, so in that regard, if the 100-week moving average ends up getting breached for a decent amount of time, then we might be able to proclaim that the bull market may well be over and we are in a bear market - for however long that new status of a bear market might end up lasting.

So, then the 200-week moving average becomes the likely extreme bottom for when we end up being in a bear market, and currently the 200-week moving average is just moving above $21,500.  

You can see the historical 200-week moving average prices here.

For sure since early 2021, there have been quite a few folks proclaiming that bitcoin has to get some kind of a correction back down to the 200-week moving average, and holy shit.. the 200-week moving average has more than doubled in the time that those proclamations have been being made..

Even though quite a few more finanancialization tools have been introduced into bitcoin (including but not limited to futures/options products) that have been allowing for the naked shorting of bitcoin, so there is likely some truth to the matter that some of those tools can be effective in keeping bitcoin prices down.

Historically, those same kinds of tools have been successful in keeping PM prices down ( such as gold), while at the same time, bitcoin is a different kind of asset than PMs such as gold in terms of the ability to easily claim possession and to verify it without expensive third-party processes.. so in that regard, some of the bitcoin shorters and those who do not have the bitcoin that they proclaim to have (or that they are using in their various bets) may well get caught with their pants down in terms of their inabilities to cover the value of the coins that they are betting as if they had them.. which are ultimately client coins.,. but if they do not have them to give to clients, then there could end up being some pretty BIG wreckenings that are not are not really resolvable.. and maybe even some of the institutions/governments might not be ready, willing or able to cover those kinds of games that rich folks believe that they can get away with largely based on the fact that they have been getting away with that kind of fuckery for a decently long time.. ... so surely who knows if such wreckening scenarios will end up playing out or not.. even though I personally believe that there continues to be greater dangers in bitcoin than in other asset classes for the rich and/or even governments to be fucking around with trying to hold bitcoin prices down through those kinds of financial instruments (or even new variations) that have worked for them historically.

I suppose that my punchline is merely just to watch one stage at a time and perhaps there continues to be some questions about whether the 100-week moving average is going to be breached.. and if it is breached, does that 100-week moving average start to serve as resistance (rather than support) which largely would just mean if the BTC price were to be able to stay below the 100-week moving average for any kind of meaningful length of time beyond a few weeks, that is if it even were to get there.  I have my doubts, but I don't want to be caught off guard in terms of presuming too much regarding where the BTC price might go and how long it might stay there.

The difference that I was pointing out is, there was a narrative change during the bull phase which started during 2020 after the pandemic crash. Because during this current bull phase, the institutions came in, Elon Musk came in, Chad Saylor came in. The anti-Bitcoin trolls can't make an argument that Bitcoin "is dying" when the next crash arrives. They simply can't anymore.

Plus there are also other narratives, like the tens of thousands who came in here to "be rich". Some of them will eventually understand, and truly learn about Bitcoin. They will learn the importance of running a node, even if they will not run a node. Because if indeed they find themselves to be in an adversarial environment that forces them to run a node, they can do it.

[Wind_FURY]

This is off-topic, but I don't want to start a whole new topic just for this. It was Hal Finney's birthday yesterday.



Happy birthday! I didn't know him personally, nor have I interacted with him anywhere, but I wish I did, I probably would have learned many things from him. The real knowledgeable Bitcoiners are gone, or have left.

[Alisha-k]

Those who followed this advice years back are glad they did. I know many still doubted just like we have in this present era. Buying the dip is just a candid advice in the Bitcoin investment cycle no matter how the price keeps falling. The next halving is some how around the corner like two years from now and we can expect another massive bull run

[Wind_FURY]

Those who followed this advice years back are glad they did. I know many still doubted just like we have in this present era. Buying the dip is just a candid advice in the Bitcoin investment cycle no matter how the price keeps falling. The next halving is some how around the corner like two years from now and we can expect another massive bull run

If they continue to doubt, ignore. If they ask for an opinion when to buy, ignore. Because if you make a mistake and price goes lower, they will blame you. If you give them an opinion when to buy, they will laugh at you. Some people laughed at me with this when I said Bitcoin MIGHT crash to the 200-weekly SMA line within the year. That's currently $21,858.63.

[asrinur]

Indeed, Buy the DIP, and HODL are good strategies to apply when investors are feeling FOMO, FUD, and various other potentially detrimental emotions. Especially when the price drops compared to when the price was purchased. This helps us to prevent wrong timing of sales in the market.

[milewilda]

Indeed, Buy the DIP, and HODL are good strategies to apply when investors are feeling FOMO, FUD, and various other potentially detrimental emotions. Especially when the price drops compared to when the price was purchased. This helps us to prevent wrong timing of sales in the market.

Easy to say but would really be hard when you are on the actual situation specially as of this moment where price decline is something recognizable or something which you cant ignore.
Pretty much sure that to those who had bought on 36-38k are on panic now.Its true that buying even more on this price level is a good or ideal or simply talks about DCA.
If you do still have that funds to invest then its up to your choice if you could still put risk but if not then its better to hold because price would recover no matter what
but somehow knowing on when for it to happen is something that no one could really know.

[GigaBit]

If I compare the current market condition with 2018 then we will get vast difference the issue that will come up is the amount of investors which are more then before. One more thing that can be realized is how many people understood about Bitcoin in 2018 and what is the amount in 2022? Of course more. In that case the price of Bitcoin will go down as much as possible. That must be upward. Buying something from Dip is not an easy task. However, the current situation is in favor of those investors.

[Wind_FURY]

Indeed, Buy the DIP, and HODL are good strategies to apply when investors are feeling FOMO, FUD, and various other potentially detrimental emotions. Especially when the price drops compared to when the price was purchased. This helps us to prevent wrong timing of sales in the market.

Easy to say but would really be hard when you are on the actual situation specially as of this moment where price decline is something recognizable or something which you cant ignore.

Pretty much sure that to those who had bought on 36-38k are on panic now. Its true that buying even more on this price level is a good or ideal or simply talks about DCA.

If you do still have that funds to invest then its up to your choice if you could still put risk but if not then its better to hold because price would recover no matter what but somehow knowing on when for it to happen is something that no one could really know.

Investors who follow a truly DCA method don't panic, especially if the investment is in Bitcoin. Zoom out, where is Bitcoin going? Up. Plus from the use case side of things, the true underlying nature of Bitcoin,especially in geo-politics, might not be priced in yet. JuanJayGee is a believer of DCA, I respect his standpoint, but personally it's not good for my sanity. Hahaha.

[JayJuanGee]

Indeed, Buy the DIP, and HODL are good strategies to apply when investors are feeling FOMO, FUD, and various other potentially detrimental emotions. Especially when the price drops compared to when the price was purchased. This helps us to prevent wrong timing of sales in the market.

Easy to say but would really be hard when you are on the actual situation specially as of this moment where price decline is something recognizable or something which you cant ignore.

Pretty much sure that to those who had bought on 36-38k are on panic now. Its true that buying even more on this price level is a good or ideal or simply talks about DCA.

If you do still have that funds to invest then its up to your choice if you could still put risk but if not then its better to hold because price would recover no matter what but somehow knowing on when for it to happen is something that no one could really know.

Investors who follow a truly DCA method don't panic, especially if the investment is in Bitcoin. Zoom out, where is Bitcoin going? Up. Plus from the use case side of things, the true underlying nature of Bitcoin,especially in geo-politics, might not be priced in yet. JuanJayGee is a believer of DCA, I respect his standpoint, but personally it's not good for my sanity. Hahaha.

Well, you realize that I believe in DCA.. but I also believe in buying on the dip..

Just like milewilda mentioned, none of us can be sure how much of a dip is enough of a dip.. and then another thing is that we might run out of money if we buy too much and then it dips further..

So there are likely guys who bought in the lower $50ks after the dip from $69k, and then they bought in the $40ks and $30ks and now we are approaching the $20ks.. so if they still have money, shouldn't they be attempting to figure out how much to attempt to balance buying on further dips or just DCA'ing.

DCA surely is the best of strategies to initially get in.. but then once in, there can be more abilities to be more discretionary regarding when to buy and how much of a dip is enough.

I doubt that it would be correct to proclaim that ONLY one strategy would be appropriate, because let's say that someone has $100k in various investments (but none in bitcoin), and then s/he c comes across an additional $10k that s/he could invest into bitcoin.. there could be a variety of strategies in terms of how to divide that $10k to get part of it in without necessarily waiting for an additional dip when there may well be quite a bit of uncertainty regarding whether more dip is going to happen or not.

Accordingly, lump sum investing, DCA and buying on dip are the main three methods that the person with a new $10k should be considering and attempting to figure out how each (or all three) of those methods might work well for him/her both psychologically and financially... accounting for all of his/her individual factors which are cashflow, other investments, timeline, view of bitcoin as compared with other investments, risk tolerance, time, skills and abilities to strategize, plan and to learn along the way which also might involve tweaking strategies from time to time reallocating, trading, use of financial instruments and leverage... and of course, those factors listed in the beginning are more important and basic rathe than attempting to employ more advanced techniques at the end of the list.

[pooya87]

The difference that I was pointing out is, there was a narrative change during the bull phase which started during 2020 after the pandemic crash. Because during this current bull phase, the institutions came in, Elon Musk came in, Chad Saylor came in. The anti-Bitcoin trolls can't make an argument that Bitcoin "is dying" when the next crash arrives. They simply can't anymore.

Plus there are also other narratives, like the tens of thousands who came in here to "be rich". Some of them will eventually understand, and truly learn about Bitcoin. They will learn the importance of running a node, even if they will not run a node. Because if indeed they find themselves to be in an adversarial environment that forces them to run a node, they can do it.

Unfortunately the only existing and dominating narrative right now is the one that has convinced everyone that bitcoin follows US stock market which means as it is dumping hard, people panic sell bitcoin too. Sadly it has been an impossible task to make them realize that bitcoin was the exit not the repetition of the same corrupted markets.

The only question remaining is how much more are people going to follow this fake narrative and act irrationally since I don't think the US stock market crash is going to stop but I also don't think bitcoin can continue falling like this. At some point it has to stop and reverse while the stock market continues crashing.

In any case it is interesting to see this very new market behavior this year.

[Wind_FURY]

The difference that I was pointing out is, there was a narrative change during the bull phase which started during 2020 after the pandemic crash. Because during this current bull phase, the institutions came in, Elon Musk came in, Chad Saylor came in. The anti-Bitcoin trolls can't make an argument that Bitcoin "is dying" when the next crash arrives. They simply can't anymore.

Plus there are also other narratives, like the tens of thousands who came in here to "be rich". Some of them will eventually understand, and truly learn about Bitcoin. They will learn the importance of running a node, even if they will not run a node. Because if indeed they find themselves to be in an adversarial environment that forces them to run a node, they can do it.

Unfortunately the only existing and dominating narrative right now is the one that has convinced everyone that bitcoin follows US stock market which means as it is dumping hard, people panic sell bitcoin too. Sadly it has been an impossible task to make them realize that bitcoin was the exit not the repetition of the same corrupted markets.

That's not a narrative. It's simply the market naturally acting like the market. Zoom out, there's a bull/bear cycle pattern that Bitcoin always follows. But where is it truly going? Up. Bitcoin is still on its path to price discovery. Would any Bitcoiner actually believe that this is "the end"?

The only question remaining is how much more are people going to follow this fake narrative and act irrationally since I don't think the US stock market crash is going to stop but I also don't think bitcoin can continue falling like this. At some point it has to stop and reverse while the stock market continues crashing.

In any case it is interesting to see this very new market behavior this year.

Markets have always been, at times, inefficient. It will never change.

[Semar Mesem]

When the bitcoin price at the end of 2021 reached more than $50k I often saw people buying if the price was below $35k, now in telegram chat a lot of people are spreading FUDs, it even looks like they are massive and organized more than 10 people, are they paid to make users panic?

[pooya87]

Zoom out, there's a bull/bear cycle pattern that Bitcoin always follows.

There is always a bull/bear cycle alright but if you analyze the previous cycles you realize that this is a brand new trend that has never happened.
For example it is unprecedented to see this much drop after such a tiny rise to a very low ATH.
The lowest price (currently $25k) is also unprecedented since the last cycle's ATH has never been reached in the bear part of the next cycles. Meaning when the $20k bubble popped price went as low as $3200 and previous ATH was $1100 (3x higher) or when the $1100 bubble popped it went down to $150 and previous ATH was about $20 (7x higher).

The problem I have is not even the drop itself but the reason why people are panic selling. They aren't panic selling because of bear market or bubble pop or anything like that. As I said above, people are panic selling simply because S&P 500 is crashing which makes no sense at all!

[istiak2277]

You have no other option. I joke about the whalecumulators, but what else can we plebs do? Buy the dip, and HODL! You do not want to end up empty handed on the next cycle, https://twitter.com/misir_mahmudov/status/1118243131584065537

Always zoom out if in doubt, https://bitcoin.zorinaq.com/price/

I do not believe this not any more. Instead, I want to say buy with everything in a bull season even scam coin will gives you profits. Sell everything and wait for the next bull season in a bear market. Buying the dip in a bear market is like a suicide because the market will create lower low in every month. I do not care about 2017 or 2018 I see this right now in the current market.

[ningrum]

Just buy it now, because now the altcoin price is at the bottom, I'm sure with long-term Hold you will have a lot of profit in the future,
buy really cheap coins, like CKB on Binance, because Nervos has very good fundamentals, I'm sure CKB's future could reach $0.1 more

[_BlackStar]

I do not believe this not any more. Instead, I want to say bye with everything in a bull season even scam coin will gives you profits. Sell everything and wait for the next bull season in a bear market. Buying the dip in a bear market is like a suicide because the market will create lower low in every month. I do not care about 2017 or 2018 I see this right now in the current market.

Why don't you think that DCA can help you collect assets at different prices every time you want to buy?

You don't have to buy this asset with all the capital you have in 1 transaction, you can save some of your funds to make another purchase if the price drops lower than before. In the long run the accumulation strategy of buying dip and hold + DCA will help you make a profit, that's great and a lot of people have done it. Then why don't you?

You shouldn't think the downturn is the end, the trend will change and you should be prepared enough and have a number of assets that will benefit you if the trend changes later. The decline in price will eventually form the basis of a new price, and you should know that the price will not always go down.