Anybody else feel relieved this dip finally happened?

[jaberwock]

Hands up here. Always relief when it happens sooner than most people expect, I don't like when we get rise after rise, ATH after ATH, reminds me too much of the tail end of 2017 rally.

Heads down though, and keep your seatbelts on. I don't think we're out of the woods just yet. I can imagine quite a few people holding the trigger on PR campaigns to FUD some more.

For long term hodlers these dips are never an issue if you talk about FUD also but the most legendary investors wait for such dips like whales who accumulate more in these dips.But these panic sellers are the ones who got negatively affected by these dips and sell instead at low levels.Just invest at dips because you don't know when next will happen so try to gain profits.Happy to witness these dips also.

Honestly it is not a "legendary" move to wait for these dips and just buy them and keep holding, it is a very very simple thing to do and I have been doing it for quite a while now, been few years, I have done it same with other stuff like stocks and so forth as well, I like to buy things when they crash if I believe their future profits.

I am in no way rich, because I do not have too much money, turned a 50-60 bucks into few thousand dollars but that's about it, if I had more money maybe that would have been a good retirement but unfortunately I do not, I keep doing things now with a bit better amount of money so it is getting better but at the end of the day the only thing I do is buy things when they are low and nothing else, it is really very simple, it doesn't require a person to be smart to do this, it just requires them to be emotionally calm so that you do not end up doing anything extra.

[Natalim]

I want to buy the dip, but waiting for it to reach $20k.

Don't worry, that will likely come, with the way bitcoin is moving now, it's likely that we will be in a bear market. We've seen this in the past, so it's not new, people should stop hyping and be realistic, prepare for the bear market and make the right decision.

$20k vs $100k probability, the latter is unlikely to be achieve.

[Yamifoud]

I am expecting a huge dump to come after the market hits its new ATH but then, it was a big opposite and I think, it could be likely impossible for it to come again. I hope I'll be relieved that bear season will come but unfortunately, we are not seeing it yet, we are still bullish.
I ask myself if I have to buy more Bitcoin during this time? Does it seem to have no more bear season to come?

[rahmatrf331]

I can't deny that I was happy with the dump. Not already it calls as a bear season but something it gives us a chance to reinvest Bitcoin. Either short-term or long-term investment depending on the market trend.

Imagine, if we buy Bitcoin as it reaches back to $32k, we are already in profit now for just a few week as we are gaining back to $38k. I think there are a lot of people who just miss that time as we are expecting a continuous downfall rather than recovery.

the cycle is turning and one opportunity for me to invest in bitcoin, where in the past I could see bitcoin going uphill and fearing it would never go down again. it turns out that bitcoin is still waiting for new people and wants to come down to deliver it back even though it has to walk a long way to be able to skyrocket its price again

[Distinctin]

I can't deny that I was happy with the dump. Not already it calls as a bear season but something it gives us a chance to reinvest Bitcoin. Either short-term or long-term investment depending on the market trend.

Imagine, if we buy Bitcoin as it reaches back to $32k, we are already in profit now for just a few week as we are gaining back to $38k. I think there are a lot of people who just miss that time as we are expecting a continuous downfall rather than recovery.

the cycle is turning and one opportunity for me to invest in bitcoin, where in the past I could see bitcoin going uphill and fearing it would never go down again. it turns out that bitcoin is still waiting for new people and wants to come down to deliver it back even though it has to walk a long way to be able to skyrocket its price again

I will not doubt that bitcoin could dip more, we might see it at $20k then $10k, anything is possible for this speculative market. People follow the market sentiment so it's easy for them to panic. As we witness during the bull run, that's panic buying, we could also witness panic selling, so be smart and always make that scenario a real possibility.

[rahmatrf331]

I can't deny that I was happy with the dump. Not already it calls as a bear season but something it gives us a chance to reinvest Bitcoin. Either short-term or long-term investment depending on the market trend.

Imagine, if we buy Bitcoin as it reaches back to $32k, we are already in profit now for just a few week as we are gaining back to $38k. I think there are a lot of people who just miss that time as we are expecting a continuous downfall rather than recovery.

the cycle is turning and one opportunity for me to invest in bitcoin, where in the past I could see bitcoin going uphill and fearing it would never go down again. it turns out that bitcoin is still waiting for new people and wants to come down to deliver it back even though it has to walk a long way to be able to skyrocket its price again

I will not doubt that bitcoin could dip more, we might see it at $20k then $10k, anything is possible for this speculative market. People follow the market sentiment so it's easy for them to panic. As we witness during the bull run, that's panic buying, we could also witness panic selling, so be smart and always make that scenario a real possibility.

that's exactly right. generally they are consumed by negative issues raised on social media about the fall in the price of bitcoin again.
so that there was a panic sell, even though we all know behind all this there are figures who are playing a role in seeking big profits and we can also take opportunities in that role.

[Mahanton]

I can't deny that I was happy with the dump. Not already it calls as a bear season but something it gives us a chance to reinvest Bitcoin. Either short-term or long-term investment depending on the market trend.

Imagine, if we buy Bitcoin as it reaches back to $32k, we are already in profit now for just a few week as we are gaining back to $38k. I think there are a lot of people who just miss that time as we are expecting a continuous downfall rather than recovery.

the cycle is turning and one opportunity for me to invest in bitcoin, where in the past I could see bitcoin going uphill and fearing it would never go down again. it turns out that bitcoin is still waiting for new people and wants to come down to deliver it back even though it has to walk a long way to be able to skyrocket its price again

I will not doubt that bitcoin could dip more, we might see it at $20k then $10k, anything is possible for this speculative market. People follow the market sentiment so it's easy for them to panic. As we witness during the bull run, that's panic buying, we could also witness panic selling, so be smart and always make that scenario a real possibility.

that's exactly right. generally they are consumed by negative issues raised on social media about the fall in the price of bitcoin again.
so that there was a panic sell, even though we all know behind all this there are figures who are playing a role in seeking big profits and we can also take opportunities in that role.

If you do really make  yourself got affected with these things then most likely you would really able to commit up mistakes because news and sentiments isnt always a solid indicator or factor on making out some moves towards investment and also if you dont make some action and
perception for possible movement then its up to your choice but someones profitability will vary on how you do act on a particular scenario.
Even though making one wont really be that simple but doesnt mean that you shouldnt really do something at all.

[jostorres]

I am expecting a huge dump to come after the market hits its new ATH but then, it was a big opposite and I think, it could be likely impossible for it to come again. I hope I'll be relieved that bear season will come but unfortunately, we are not seeing it yet, we are still bullish.
I ask myself if I have to buy more Bitcoin during this time? Does it seem to have no more bear season to come?

I believe we already had the "bear" market, currently we are not doing that well, why would we think that the same will not happen in the future? I mean we did badly with the 50%+ drop and now we are in the recovery stage, why is it so hard to imagine? Just because the previous bear markets happened in a long period of time, doesn't mean that it has to happen in the long period of time once again, it could be very quickly done and then be over with and move back to recovery stage. Remember 2017?

We had a very quick increase, from November to December in 2 months we had bitcoin move from 3k to 20k very easily and that was it, just two months and it was over, look at 2020 and 2021, it took like 8 months of constant increases for it to reach the ATH price of 64k. Same could happen here but reverse, we have a drop very quickly and then move back to bull run.

[SaveOurSea]

those who have capital, of course, I'm sure they are very relieved, because they can buy the price of crypto currency cheaply,
so it's been a few months since the price of Bitcoin has always increased without any correction,
and after that I'm grateful that the price of Bitcoin has corrected to -50%, yes this is good for bitcoin,
because if it doesn't experience a bubble correction, that's what will happen.

[Silberman]

I despise the sensation, but I'm grateful that it has actually occurred. We were all expecting a 30% drop. If it hadn't happened now, it would have happened at $100,000. At $100K, it's very likely! This price behavior is completely natural for bitcoin, and my durability deteriorates throughout bull runs.

Natural behavior of the market but still there are people who still easily get freaked out when they do see these kind of drops which is something usual into this market.

This is because even if they know that something like this will eventually happen they do not want to believe it will happen just when they are invested and using too much leverage, but if that is all what they are doing as that is their trading strategy then there is a 100% chance this is going to happen to them just at the wrong time, this is why any strategy that relies on making the right move all the time is bound to fail and will produce massive losses once the markets go against your prediction.

[anti-dot]

I despise the sensation, but I'm grateful that it has actually occurred. We were all expecting a 30% drop. If it hadn't happened now, it would have happened at $100,000. At $100K, it's very likely! This price behavior is completely natural for bitcoin, and my durability deteriorates throughout bull runs.

Oh yes, it was really too good to be true and it wasn't fun anymore to take some cash and buy some more Bitcoin as it was pretty obvious that Bitcoin will take a little nose dive. I was sure it won't go down all the way to where we came from, and I also thought it will stabilize, which it did, but if you want to invest wisely you also have to go with your gut. My gut said we'll be going down soon.

Every old timers in cryptocurrencies knows that for every dip, it is a big opportunity to start buying and accumulating because price history repeats itself, of course the price can never be bullish continuously for long thus opportunities for profit taking before correction while price can not be bearish for long price recovery is very imminent if the correction is down to 30% thus the cycle continue.

I agree but you don't know where the dip ends or what its magnitude is. You could panic if you think cool great opportunity to buy Bitcoin at $50k and then it goes further down all the way to $20k. It is easier said than done to just catch a dip at the right moment.

[magneto]

Absolutely agree.

The market correcting at a lower price actually means that the long term stability of prices would likely increase substantially.

If BTC were to adjust at a higher level that is not backed up by fundamentals and due to pure speculation, say over $100k, then the crash would have been even more daunting (>70%, perhaps) and media would likely spun it off as proof that BTC can never be a store of value.

This correction has been pretty mild in nature compared to the previous bear markets, and is completely justified. Nothing to fear here.

[philipma1957]

I want to buy the dip, but waiting for it to reach $20k.

Don't worry, that will likely come, with the way bitcoin is moving now, it's likely that we will be in a bear market. We've seen this in the past, so it's not new, people should stop hyping and be realistic, prepare for the bear market and make the right decision.

$20k vs $100k probability, the latter is unlikely to be achieve.

so you are betting on 20k and not 100k

Okay how about 70k or 80k

vs 20K?

I have been tracking since 2012. I can say by sept we will know if this is a bear or we bounce back.  All other guessing is a waste of time. From now till then.

personally I still guess bull and over 70 k before the years end. But I am not much of a smart guy.

[uneng]

It's not possible to know yet if it's already the dip. Bitcoin is pretty stable around 35,000$ these days, but there isn't any indicator it's going to pump or dump next. For those focused on long run investments who don't want to miss the chance it's already a good moment to buy bitcoins, the price is really good and they can guarantee their holdings by entering the market now, although awareness is needed regards the correction reaching to deeper levels on soon. I'm not too relieved about this situation because it's always sad to see bitcoin losing value. At same time it had to happen sooner or later. It's part of the process, so let's wait and hope for a steady recovery.

[Ziskinberg]

Absolutely agree.

The market correcting at a lower price actually means that the long term stability of prices would likely increase substantially.

If BTC were to adjust at a higher level that is not backed up by fundamentals and due to pure speculation, say over $100k, then the crash would have been even more daunting (>70%, perhaps) and media would likely spun it off as proof that BTC can never be a store of value.

This correction has been pretty mild in nature compared to the previous bear markets, and is completely justified. Nothing to fear here.

That absolutely has nothing to get fear as the market sentiment hasn't been like before that it continues to drop going deeper. 30-40% market correction? It was still far from what happens in the previous bear season. Considering what it shows this time, I'm in doubt if the market will mark again for another dip, I'd never see such a possibility but instead of thinking it pumps back to $40k above.

[Saisher]

I despise the sensation, but I'm grateful that it has actually occurred. We were all expecting a 30% drop. If it hadn't happened now, it would have happened at $100,000. At $100K, it's very likely! This price behavior is completely natural for bitcoin, and my durability deteriorates throughout bull runs.

I'm not comfortable with the dip, but it's not happening at the end of the year and there's still hope for the market to get up and reach more milestone, we are six months to go before the end of the year, and every month new things are happening maybe this month is the month where Bitcoin will recover and people will finally realize that they should stop listening to FUDERS.

[freedomgo]

I despise the sensation, but I'm grateful that it has actually occurred. We were all expecting a 30% drop. If it hadn't happened now, it would have happened at $100,000. At $100K, it's very likely! This price behavior is completely natural for bitcoin, and my durability deteriorates throughout bull runs.

I'm not comfortable with the dip, but it's not happening at the end of the year and there's still hope for the market to get up and reach more milestone, we are six months to go before the end of the year, and every month new things are happening maybe this month is the month where Bitcoin will recover and people will finally realize that they should stop listening to FUDERS.

Can't stop them, they follow the market sentiment, when the market is bullish, they are bullish and if it's bearish, they'll do the opposite. Let's be smart, we don't need to follow our emotions, instead, follow the news, speculation, and the graph to make a better decision.

When it's bearish, it's not bad, it's part of the market cycle and we should have a ready strategy on what to do during the situation.

[Oasisman]

I am expecting a huge dump to come after the market hits its new ATH but then, it was a big opposite and I think, it could be likely impossible for it to come again. I hope I'll be relieved that bear season will come but unfortunately, we are not seeing it yet, we are still bullish.
I ask myself if I have to buy more Bitcoin during this time? Does it seem to have no more bear season to come?

A huge dump already happened. Bitcoin is down 50% from the last ATH. Though the price may not be considered as bearish because it's still up by more than 50% as well since we left the bear market in 2020. Instead, we are experiencing a major correction and the market seems consolidating after the huge run. So, I guess the current Btc price is very good for accumulation. $30,000 - $35,000 seems reasonable. $20,000 might not gonna be reached by the dip.

[freedomgo]

I despise the sensation, but I'm grateful that it has actually occurred. We were all expecting a 30% drop. If it hadn't happened now, it would have happened at $100,000. At $100K, it's very likely! This price behavior is completely natural for bitcoin, and my durability deteriorates throughout bull runs.

Oh yes, it was really too good to be true and it wasn't fun anymore to take some cash and buy some more Bitcoin as it was pretty obvious that Bitcoin will take a little nose dive. I was sure it won't go down all the way to where we came from, and I also thought it will stabilize, which it did, but if you want to invest wisely you also have to go with your gut. My gut said we'll be going down soon.

Every old timers in cryptocurrencies knows that for every dip, it is a big opportunity to start buying and accumulating because price history repeats itself, of course the price can never be bullish continuously for long thus opportunities for profit taking before correction while price can not be bearish for long price recovery is very imminent if the correction is down to 30% thus the cycle continue.

And we also understand that the price could dip more after a bull run, if in the last bull run bitcoin went to $20k more or less and dip at $3k+, the same thing could happen now in terms of percentage, so this $35k is still not cheap, we can still see lower than the previous ATH.

[Silberman]

I despise the sensation, but I'm grateful that it has actually occurred. We were all expecting a 30% drop. If it hadn't happened now, it would have happened at $100,000. At $100K, it's very likely! This price behavior is completely natural for bitcoin, and my durability deteriorates throughout bull runs.

I'm not comfortable with the dip, but it's not happening at the end of the year and there's still hope for the market to get up and reach more milestone, we are six months to go before the end of the year, and every month new things are happening maybe this month is the month where Bitcoin will recover and people will finally realize that they should stop listening to FUDERS.

Since this happens very frequently we need to find a way to get comfortable with corrections like the one we saw a few weeks ago, obviously no one likes to lose money and this is understandable but this is better for the long term prospects of bitcoin, the price was on the verge of going out of control and begin to grow up very rapidly and while traders love this as a long term holder you should be against it, it is way better for the price to grow slowly than the alternative which is a fast growth followed by a big crash and then years of no movement.