Everyone acting like there hasn’t been dips like this during a bitcoin bull mark

[Mituletr]

This is the worst dip we’ve seen yet this cycle, but we’ve seen lots worse in previous cycles and bitcoin still came back to rally when the time came. Be patient. one bad thing happens and everyone seems to forget the long game. This is exactly how they want you to react so they can have your bitcoin.

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[AB de Royse777]

I don't think it's everyone. There are people who have seen bitcoin to drop under $3.5 from $20k not long ago. Bitcoin history and volatile price movement is attached closely. It's the noobs who are panicking, and they will always panic until they spend a few years in this space. There will be new noobs all the time though.

[micro4lpha]

Why do people think that an ATH will be the new "stable" price? From what I have seen that is rarely the case.

[Kong Hey Pakboy]

Because a lot of people on the market are ungrateful pieces of shit that thinks that everyday is a green day for the market. They are greedy so they can't wait for it to go up because they want to replicate the profits of the early adopters who got a lot of money hodling bitcoin.

[electronicash]

Because a lot of people on the market are ungrateful pieces of shit that thinks that everyday is a green day for the market. They are greedy so they can't wait for it to go up because they want to replicate the profits of the early adopters who got a lot of money hodling bitcoin.

its always been green if you just zoom out because bitcoin started with zero. but then there is always up and down in different time frames which we always focus on when we become traders. elon trying to crash the market can be look at in both ways like the market has to go down first before going up again.

even though he had crash the price, the chart is still running sideways. it doesn't plummet like a red candle actually breakout the support. and this is an indicator that there are traders buying the dip.

[pooya87]

This is the worst dip we’ve seen yet this cycle,

The "cycle" starts from the previous ATH when the bubble bursts or you could start it from the time it reverses and goes back up. The bull market also started a lot time ago when we broke $4k resistance.
In that "cycle" we have already had much worse drops that were a lot bigger than this. For example the two times price dropped almost 50% from $6k to $3k comes to mind.

[meanwords]

To be fair it's not everyone though, I bet it's only those who follows Elon Musk and his shills that's panicking right now. They probably feel betrayed after what Elon did to Bitcoin. Though I guess he still into Doge coin, looking at his recent tweet.

[AniviaBtc]

Just chill out and observe the market, don't be so sad when you see a bearish market.

All of us are aware that bitcoin is volatile and before it reached a new ATH this year, it also went a bearish market.

Be optimistic and understand why bitcoin is moving like that, it is not only Elon Musk who can manipulate the market but also other big investors.

[Lorence.xD]

Just chill out and observe the market, don't be so sad when you see a bearish market.

Tell that to those people who go on a rampage on Twitter on Elon Musk's statement regarding bitcoin. The reason that I think that this rabid people are acting stupid is because they are greedy and they felt like the need to make a lot of profit at shortest time possible.

[slaman29]

Those who already know or have been in past cycles aren't worried. I know I'm not, I've been through worse, why would I panic?

Besides, the rise before this crash was also quite sudden and Elon-based. Now we can give back those gains and grow more logically.

If price doesn't reach the desired peaks, it's okay. It means it wasn't ready yet.

[lifeforcepools]

If price doesn't reach the desired peaks, it's okay. It means it wasn't ready yet.

Exactly. I felt it, and I was sure it would happen.

[Wexnident]

Facts. Yes, the recent dip probably had something to do with musk, but that's it. It just happened, nothing permanent. We're in a volatile market, being surprised by a dip, no matter the reason, seems kind of weird since the moment you entered, it should have been quite obvious what volatile means. Though honestly, it's probably more that they're hating on musk, not about the price dip or anything, but rather the negative idea musk puts out about Bitcoin and the environment.

[mr_ROBOTT]

When bitcoin grows, these people talk about astronomical prices, and when bitcoin corrects its price, these people talk about $ 7,000 bitcoin. We need to correct this idiotic thought.
Personally, I was very happy with this drop because I found a new opportunity to enter the market and I know that the capacity of Bitcoin is higher than these figures.

[TastyChillySauce00]

most of people are in panic, it always works like that when we're suddenly in dip but people who have experienced of past cycle will stay calm because no matter what the price will eventually hits ATH again and that's not without reason, simply put the development of blockchain in many aspect is enough to guarantee such thing to happen again in the future. not to mention that this is exactly what people would expect after reaching such high ATH, none of market could hold on for too long around the peak except the market itself is preparing for another bullrun and that also usually accompanied by accumulation through the dips.

[sapnu]

This is the worst dip we’ve seen yet this cycle, but we’ve seen lots worse in previous cycles and bitcoin still came back to rally when the time came. Be patient. one bad thing happens and everyone seems to forget the long game. This is exactly how they want you to react so they can have your bitcoin.

We can't actually blame them for their acts of panic since this is one of the worst dips we've had ever since the bull run occured once again. But we still need to believe in bitcoin because even though it experienced the worst dip during the 2018 dump bitcoin was still able to return strong and rally once again. If we would be careless with our decisions, we should expect regrets as bitcoin gets back up again. Many people have already experienced much regrets before when the bull run happened again last year.

[Daltonik]

Now there are a lot of info reasons that somehow affect the bitcoin exchange rate, recently more and more information appears in the press about the introduction of new bans and restrictions, for example, the latest news from China, as reported by journalist Colin Wu: "Three associations under the People's Bank of China (NBK) have issued a joint notice prohibiting companies from supporting business related to cryptocurrencies." The document referred to by Wu was signed by the China Banking Association, the Internet Finance Association, and the Payment and Clearing Association. They recommended that citizens refrain from investing in cryptocurrencies and reminded that such operations are not protected by law"

[tranthidung]

There are people who have seen bitcoin to drop under $3.5 from $20k not long ago.

I am certainly that very few people who saw the free fall actually bought up the dip, on that day or a few days later. They only watched and hesitated. When their fear was gone, Bitcoin already rallied in a V-shape.  

Bitcoin history and volatile price movement is attached closely. It's the noobs who are panicking, and they will always panic until they spend a few years in this space. There will be new noobs all the time though.

Newbies are most vulnerable participants in the market but senior traders or investors can feel panic too. There are winners and losers in the market and a senior trader or investor does not mean that person is a winner.

This dip is not the most terrible one in history of Bitcoin. Terrible here is for losers but for winners, they see such deep dips are perfect chances to enrich their balance. Please review some corrections in 2017 bull run and 2 topics of mine.

• Bitcoin price history -- most profitable and bloodiest months, days
• Bitcoin Streaks (Rise/ Fall) - 2013 to 2020

[uneng]

Now there are a lot of info reasons that somehow affect the bitcoin exchange rate, recently more and more information appears in the press about the introduction of new bans and restrictions, for example, the latest news from China, as reported by journalist Colin Wu: "Three associations under the People's Bank of China (NBK) have issued a joint notice prohibiting companies from supporting business related to cryptocurrencies." The document referred to by Wu was signed by the China Banking Association, the Internet Finance Association, and the Payment and Clearing Association. They recommended that citizens refrain from investing in cryptocurrencies and reminded that such operations are not protected by law"

That is something I don't understand. How can China be so hostile towards bitcoin since most mining bitcoin power is concentrated in that country? Theoretically they would be more benefited if China were friendly to crypto currency, especially bitcoin. Or are they just trying to avoid common citizens from adopting btc, while the government and some vip citizens are incentivized doing so?
Anyway I think it's not so impacting for the market, because these news coming from China always follow the same pattern, and as said above, they are the main bitcoin miners in the world, so it makes no sense for them to prejudice bitcoin.

[isaac_clarke22]

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I remember that back in 2019. It was stabilizing for quite a while above 7k then it slowly went below 6k. I'll avoid to term "crash" as much as possible now, because it is kinda discouraging word to use.
Somehow I wish that became a lesson for a lot of people to still hodl on their coins. It's like they wanted still to see below 1k before they even learned anyway .

[slaman29]

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I remember that back in 2019. It was stabilizing for quite a while above 7k then it slowly went below 6k. I'll avoid to term "crash" as much as possible now, because it is kinda discouraging word to use.
Somehow I wish that became a lesson for a lot of people to still hodl on their coins. It's like they wanted still to see below 1k before they even learned anyway .

Same as ETH actually,,, remember that it was struggling many times to get above $400 then, and even the same in the current rally, $400 was a big problem. Crashing back to $90 again to effectively lose 75%.

It was never the end for either coin and this is also for sure not the end. Relax and enjoy this dip:)