BTC dump breaks through 53K resistance barrier

[onecall123]

This is March and this move is completely conceivable. Anyway, Does Bitcoin bull run officially reach a conclusion? what thing I'll do? sell my bags or holding my position? This is really disturbing with BTC, It's breaking below the 51K. If you want to make money, you can hold and don't sell. Certainly its pretty safe to long.

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[DarkDays]

I will keep HODL. There is no reason for us to panic and sell our bitcoin too. I even think this is the best time to accumulate bitcoin more because it's cheaper than yesterday. Let weak hands dumped all their bitcoin, so there will be only HODLer bitcoin later

It is true, HODLing does seem like the natural thing to do given the circumstances but we also know that a green market can't be sustained forever...
And since my initial post I people were HODLing are now in a somewhat worse position with BTC having moved to under 51K. It just makes it all too complicated to think rationally.

In any case, it seems that the drop is also happening across the traditional markets not just crypto.

[aoluain]

I'm buying the dip.
As you can also see on some on-chain analysis that the Bitcoin reserves on exchanges are still decreasing, that's why I conclude, it could be possible that people started to withdraw their Bitcoin off to exchanges, and it can be the result of fewer people are selling their Bitcoins.

With all these recent dumps, it can be considered a pullback. The same happened last time when Bitcoin reach around $40,000 and dumped around $29,000.

yup, great time to buy, Bitcoin's monthly sale price, unfortunately I would
love to buy but dont have any spare FIAT.

I would recommend this to be the best tactic now, once we enter into April
we should see positive movement.

Buy the Dips and HODL

[el kaka22]

This has been one of the biggest falls that I have been part of because defi world is going crazy right now. I get that regular things are not falling down a lot, I have seen bigger falls on bitcoin just in the past few months, we have seen 58k to 43k and that was alright, but during that period defi was holding its own.

Now I lost more than 10k dollars, that is really not amount I am capable of losing without being upset, thankfully it was money that I didn't need, I still have my salary and I still do not have any debt at all in my life, so basically I will live just the way I always lived without any change, that is good I suppose, but I had so much more money and now I lost most of my money, only 2k left, that is why I do not feel fine about it, sure it is not changing my life but it was getting to a great level before it all crashed during this bear run.