Is someone worried about the recent decline of BTC?

[Ridwan Fauzi]

I guess for thoss who have got a lot of profit from bitcoin then a huge dump from bitcoin is the momentum that has been waiting for because they will buy bitcoin at the lower price. Take a look from on this daily time frame, when bitcoin touched a psychologist price then we will see a bounce from the area and if you familiar with future market and you use a high laverage then you will get a huge profit instantly, it just need a few time to getting.

Unless, you just new to bitcoin and spend money for investing in it then a huge dump will be the scariest thing you see. Even, when you are holding it you will force yourself to sell your investment in the lose situation. Bitcoin is the promissing place for investing, especially for those who knows its price movement but for those who haven't known its price movement then they must be prepared to accept heavy losses.

[Hamphser]

No need to worry because it is a good opportunity to buy more bitcoin before it will bounces back again. It's difficult to wait such opportunity, why not grab it because we know bitcoin has a bright future, no doubts about it.

This is we should have that thing on mind on where rather than on freaking out when we do saw price decline its better to see this as an opportunity to buy more while its still cheap

but honestly this isnt something that you can really decide off right away because you would always thought that the price might really be going even way lower than currently is.

We are sitting now on 48k which is already low and if those supports would be break out then expect for further dips but this isnt a bad point for you to enter the market

[pawanjain]

Another dip on it's way !!
I think we will be hitting $42k - $43k in the upcoming dip. I wonder how long will this correction last.
Alts are bleeding in USDT pair which is obvious since bitcoin itself is getting dumped so bad.

[wiss19]

Is someone worried about the recent decline of BTC? Don't worry, and it won't lose BTC's momentum in the future. A new report from Whalemap shows the largest cluster of whale coins in the range is 120,000 BTC at $ 58,000. As such, the lowest price can drop now at $ 52,000

$ 52,000 “Should Be BTC Floor.”
https://medium.com/snapbots-news/snapbots-news-review-bitcoin-drops-but-bull-run-wont-end-9090f739a6f3

But the truth is that no matter how low it goes everyone now knows that it's always going to come back up. It's only going to take time and it will come up again. I believe this last bull run has really proven to a lot of people that no matter how low bitcoin gets, even if it should drop from this $50,000 to $10,000, in some years coming it's going to recover again and reach a higher rate again, that will even be more than what we have seen this year so far.

There were so many people that doubted Bitcoin in the past, and a lot of them are regretting it now, and some of them are ashamed that they said trash about it, and now they want to be part of it and start investing. Some are doing it secretly and some are open about it. And that's just it.

[Tahsin Kabir Kollol]

Everyone hopes that the value of the cryptocurrency they have invested in will continue to rise but this is not possible for any investment. If we take a closer look, we can see that Bitcoin has grown a lot in the last few months, and now it is in a situation of falling in value and rising again. With this situation, Bitcoin will reach it's new all-time high and it will take time. I am not bothered by the current downward trend of Bitcoin as such a downward trend is normal after an excessive increase. However, caution must be exercised in the case of trade.

[Golftech]

Another dip on it's way !!
I think we will be hitting $42k - $43k in the upcoming dip. I wonder how long will this correction last.
Alts are bleeding in USDT pair which is obvious since bitcoin itself is getting dumped so bad.

Wow close to that level now, Bitcoin @ $47K if this trends continue we might see that value in next few days

the whole market is bleeding and those who bought at the peak are now suffering from this huge fall, 12%

down inside the whole crypto market, it's unpredictable what might happened next.

[thecodebear]

Not worried at all. For the past few months Bitcoin has been establishing the BOTTOM at $45k-$50k. Even FUD from the chief market manipulator himself, Elon Musk, who millions of investors and dumb enough to follow his every whim, couldn't drop the price below this range. Still in the early stages of this bitcoin bull run.

[mevsmyself]

I had to feed my margin trade like a hungry dog! WOOF..... Thanks Elon.

[hazenyc]

$ 52,000 “Should Be BTC Floor.”

Lol screw $52k, let it drop to $10,000 if possible. The lower the price drop, the better the opportunity, and the more price increase I can have for the long-term. Also, we probably need another shake-off to get the weak hands out. People are getting too cocky investing in animal coins.

Ok $52k has already been crushed easily. As was said here we could see prices in the $30k range, maybe even $25k. If a real sell off gets going, panic will be everywhere as we have learned in the past.

[blackened515]

Why worry? Increasing my BTC holdings is always a good thing, especially during corrections. It's the BTC balance I care about, not USDT.

I am not worried and can never be worried, people think when bitcoin prices decline, then that's the end of bitcoin, Crypto markets does not work that way, there is time for every coin to experience serious downfall and there is time for every coin to experience serious rise of price.

The very time I noticed that bitcoin can survive any time under any circumstances is during the pandemic period, when btc rises from $3k to where it is now, after this my worried faded away. Make use of this opportunity and buy more now that it dip.

[tabas]

Why worry? Increasing my BTC holdings is always a good thing, especially during corrections. It's the BTC balance I care about, not USDT.

Most of the newbies don't look at corrections that way. They treat it as an opposing factor that will lessen the value of their bitcoin holdings but they don't look to the positive side that if they start buying again, they'll get more.
If most of the newbies have the same mindset as yours, we won't be seeing people asking if it's going to continuously drop or it's the end of the market which is becoming a normal reaction for them.

[arapgeceleri]

bitcoin decline worry me. But as long as there are no sharp decline, it is better not to worry. bitcoin will not rise steadily. as it rises, it needs to make adjustments with decreases. These corrections are what bitcoin needs to be for a healthy rise. but the sharp decline she has experienced over the past day has worried me too much.

[7788bitcoin]

I am not worried and can never be worried, people think when bitcoin prices decline, then that's the end of bitcoin, Crypto markets does not work that way, there is time for every coin to experience serious downfall and there is time for every coin to experience serious rise of price.

The investors who are in the market for sometime who has witnessed one rally will understand that these decline is an opportunity if not for now or you can hold for the next few years for the next rally. People panic when the price goes down due to one reason, they either are planning to book the profit at a certain valuation and the market corrected without reason them and it will set some panic among some. Other than that there is no point in panicking as the market will recover eventually even if it takes a longer time.

[LUCKMCFLY]

There is always a way out in the face of any crisis, this market scenario is very common, we already know in advance that Elon Musk does have an impact on the market, at least it makes it move 10% and that is quite a lot, many whales when they enter the market without using social networks to "manipulate" to move only 1% translates into a lot of money, and most who want to buy generally end up with "Shorts", that is what happened in 2018-2019, "Shorts" were awesome, but the reason was to buy Btc cheaper and take it away from weak hands, who always panic.

We must not rule out that it is a strategic move by Elon Musk to buy cheaper BTC, now we do not have to fear, if we follow the PlanB S2F model we just have to trust it, 1 whale does not dominate an entire ocean.

[dongyi17]

we too are worried about the recent decline of bitcoin, who wouldn't be? but then we have to accept that bitcoin sometimes is unpredictable, they can be high and low anytime depending on the movement of the crypto world or in the market. we still hoping that it will rise again.

[lifeforcepools]

I'm not worried about that, because I know the price will rise again soon.

[veznata]

generally I am not worried because bitcoin price will surely hit new ATH and will be "x"times previous ATH. What worries me is the possibility it could take another 3-4 years but personally I think there is not more than 2-3 % chance to happen. the most probable scenario is to continue price climb to 6-digit range(s) with price 10-30% dips that saw some times this year. hope to hit 100K by late 2021. will start selling then. everyone must decide for himself what to do according to how many bitcoins he has and how urgently he needs money.

[Reosta_]

I can't say that I'm so worried about this fall. Yes, it was a really big hit from Tesla and Elon Musk to Bitcoin and the rest of the market. But it doesn't seem like the market has been affected critically. I think we will see it recovering soon also.

[peter0425]

I'm afraid that we are now starting the Bear market , there is a continues denial about the price of Bitcoin and also many altcoins.

I'm not worried about that, because I know the price will rise again soon.

How  sure?

[hazenyc]

I can't say that I'm so worried about this fall. Yes, it was a really big hit from Tesla and Elon Musk to Bitcoin and the rest of the market. But it doesn't seem like the market has been affected critically. I think we will see it recovering soon also.

I am not so optimistic, but wouldn't attribute the uncertainty in the market to Musk and Tesla alone. It was about time for the market to show some uncertainty after everything was so gloomy. Everybody again began thinking that there is only one way for Bitcoin and that way goes up. That is just not true. If it went on like that I would even be more afraid than ever that we will see another 2018.