This isn't the first time the dip has happened

[ConnerDalfino]

The market corrects whenever it reaches the point where people are buying and selling based on tweets. Those corrections didn't matter a year or two later. Bitcoin is bigger than any individual or corporation. How many posts have we made where we "should have bought" something for $200 or $1,000? Is it really $3000? a thousand dollars?
These dips don’t matter, either you believe in bitcoin long term or you don’t. And if you're going to sell anything based on one man's tweets, you might as well purchase something else.

HODL

[NeuroticFish]

These dips don’t matter

HODL

The dips are "stops for refueling the rocket". So they do matter, although the big ones, like this, can badly shake newbies' "confidence" in Bitcoin. (Actually in its price evolution).
Of course, those who already experienced a couple such dips are somewhat more relaxed, also because they're usually still on profit.

Ah, and not only HODL, instead also BTFD 

[lifeforcepools]

Of course, this is not the first time. But I don't understand why many people start to panic about this. The price will rise again over time.

[isaac_clarke22]

~
How many posts have we made where we "should have bought" something for $200 or $1,000? Is it really $3000? a thousand dollars?
~

Expect a lot more of those soon. It is an immediate reaction of some people here just because the price corrects a bit.
They see a crash, I saw a discount and an opportunity to buy more.

I imagine that people even had those reaction back in 2019 when Bitcoin even dipped below 4k when it  was stabilizing back in 6k-7k before it rebounded back to 10k.
Just like what NeuroticFish said, it is just "refueling the rocket".

[aysg76]

The market corrects whenever it reaches the point where people are buying and selling based on tweets. Those corrections didn't matter a year or two later. Bitcoin is bigger than any individual or corporation. How many posts have we made where we "should have bought" something for $200 or $1,000? Is it really $3000? a thousand dollars?
These dips don’t matter, either you believe in bitcoin long term or you don’t. And if you're going to sell anything based on one man's tweets, you might as well purchase something else.

HODL

These dips are not new to the market but what actually happens after correction is weak hands or say new investors sold to the big whales who later on enjoys the real profit.They try to create FUD in the market after which price falls and new,weak and panic investors sold at that price levels and big whales and institutional investors took undue advantage of it and buy at low and sell at peak prices.We have seen market crash in 2017 when prices dumped from $20k to as low as $3k but again btc recovered from that and touch it's ATH of $64k this year.So we don't need to worry about such dips if you are long term holder rather what best you can do is buy at dips which will eventually boost the prices and situation normalises in this crypto market.

[Ludmilla_rose1995]

Of course, this is not the first time. But I don't understand why many people start to panic about this. The price will rise again over time.

they panicked because they were new. it was the first time they felt a price drop like this, plus the FUD made them even more panicked. I am not at all surprised by the decline that Elon musk tweet caused.

[TastyChillySauce00]

after knowing that bitcoin could go this high, the bearish in 2017-2018 also don't really matter that much, people seem to have forgotten that doesn't matter how much bitcoin gets dumped its gonna come back to up again and that already happened many times, further more
now bitcoin is more popular than ever, most of people who exposed internet also somewhat know the existence of cryptocurrency I wonder how big the next come back gonna be and yeah post like regretting not buying when in dip definitely gonna surface again meanwhile if given another dip they gonna engulfed in fear again lol.

[DapanasFruit]

Bitcoin is known for its extreme volatility where falling 30% of its value in a single day is not really shocking. Volatility is one factor that is actually working for Bitcoin as I don't think it is what it is right now if its price is moving as lazy as the real gold. All the excitement is centered on its capacity to go up and go down in a blink of an eye. When BTC is having a dip, we should not be worrying about because if it can go low it can also go high anytime in accordance to the market sentiment. The current dip we have is centered on developments in connection with Elon Musk, a man who is actually an outsider of Bitcoin. Sadly, we are being victimized again by another personality akin to Jamie Dimon in 2017, with twists of course. Wasn't it one of the reason why Satoshi Nakamoto left Bitcoin - so that the coin will not be tagged to a certain personality?

[cabron]

they panicked because they were new. it was the first time they felt a price drop like this, plus the FUD made them even more panicked. I am not at all surprised by the decline that Elon musk tweet caused.

No. Op is saying that its not Elon's fault why the market dumps but because the market just reaches its peak and its overbought. This is also true for those who look at the  charts but then the fundamental news also affects the market like Elon fud about mining and how it spend energy.

[Lucius]

These dips don’t matter, either you believe in bitcoin long term or you don’t.

That's part of the problem (if we can call it that at all), because to be honest, the vast majority of those who invest in Bitcoin do it only for profit, and most invest in the short term (6 months to 1 year). Inexperience, ignorance and the influence of the media and some individuals are factors that very easily move such a mass of people in the direction they want. Every success in life requires knowledge and even more experience, and a lot of people don't have any of that when they start investing in cryptocurrencies - which is again the fault of the media and some individuals who promote Bitcoin as the magic money of the Internet which can be obtained by writing nonsense on some forum or solving captcha on faucets.

People who cannot understand the basic things of the market should not invest in anything, let alone in something as volatile as cryptocurrencies. Everything that goes up must fall sooner or later, and smart people use every situation to their advantage - anyone who has invested in the past few days will surely make a very nice profit in the next few months.

[tranthidung]

The market corrects whenever it reaches the point where people are buying and selling based on tweets.

At any point, there are people who rely on tweets of KOLs, influencers and experts to buy or sell their Bitcoin. It is unnecessary to connect their actions with tweets and market corrections.

These dips don’t matter, either you believe in bitcoin long term or you don’t. And if you're going to sell anything based on one man's tweets, you might as well purchase something else.

People who buy Bitcoin from tweets, Facebook status, signals from groups, etc. and don't mind to spend time to learn about Bitcoin, will be losers. They will shake their hands when they panic.

Learning means at least read and know basics of Bitcoin. The least basic is its inflation chart.

What do you see from the chart? When the curve will become flat?  

[BrotherMencius]

Thanks for posting this. I started buying bitcoin around it's highest point, so I'm feeling pretty silly now.

I definitely intend to HODL. I truly believe bitcoin is my best shot to be able to own a house without the bank owning me until I'm dead.

[peter0425]

and this wont be the last , so for those who can afford to hold and keep their coins better do it . and those who has been wanting to make profit literally then better get off now or else you will regret your final decisions in the following days.

[KaliLinux]

Of course, this is not the first time. But I don't understand why many people start to panic about this. The price will rise again over time.

You are right but I believe it is the "Overtime" that is the issue for some. Some investors are very well still in profits right now but some are well underneath their investments and the thinking of how long they will have to wait to get back into profits is their concern I believe even when they know it will happen again. 

[crwth]

These dips don’t matter, either you believe in bitcoin long term or you don’t. And if you're going to sell anything based on one man's tweets, you might as well purchase something else.

I don't think it's the same as anybody else. Most of the people have relied on riding the trend and probably gambled their money. It's either they have won or not but it's always going to be down to the risk management and how people would handle the current markets.

It's okay to have these dips, it's healthy and this is the time that you could buy more of the asset. It's the best way to have more, knowing you could afford it too.

[MFahad]

The market corrects whenever it reaches the point where people are buying and selling based on tweets. Those corrections didn't matter a year or two later. Bitcoin is bigger than any individual or corporation. How many posts have we made where we "should have bought" something for $200 or $1,000? Is it really $3000? a thousand dollars?
These dips don’t matter, either you believe in bitcoin long term or you don’t. And if you're going to sell anything based on one man's tweets, you might as well purchase something else.

HODL

Usually people forget about the previous dumps where the market recovered after being dumped 40-50%. The experienced traders and investors will not panic in these times. There has been bigger dumps in the history of bitcoin and there was not a single time when bitcoin not recovered. Be patient and holding is the key to ultimate success.

[Kelvinid]

These dips don’t matter, either you believe in bitcoin long term or you don’t. And if you're going to sell anything based on one man's tweets, you might as well purchase something else.

I don't think it's the same as anybody else. Most of the people have relied on riding the trend and probably gambled their money. It's either they have won or not but it's always going to be down to the risk management and how people would handle the current markets.

It's okay to have these dips, it's healthy and this is the time that you could buy more of the asset. It's the best way to have more, knowing you could afford it too.

Okay, then everybody doesn't think bad and get mad at the current situation but instead, consider this as an opportunity to buy more and hold again.
And knowing that this is not the first time the dips had come, then we have no right to complain and blame someone who causes this drop like blaming Elon Musk. We have to fully accept that the market will certainly be going like this at no specific time. MUch better to keep in silence and set a plan when to buy as the bear season will likely begin once again.

[crwth]

Okay, then everybody doesn't think bad and get mad at the current situation but instead, consider this as an opportunity to buy more and hold again.

It really depends on how you see the market and how your psychology and basically how your psyche, works. It's just that it's going to be harder if you be emotional in this state which serves nothing to you. A better look at the bright side right?

And knowing that this is not the first time the dips had come, then we have no right to complain and blame someone who causes this drop like blaming Elon Musk. We have to fully accept that the market will certainly be going like this at no specific time. MUch better to keep in silence and set a plan when to buy as the bear season will likely begin once again.

He did what he had to do, IMO. Maybe some of his board members are worried about what the image of Tesla be if it began supporting a "dirty" and "wasteful" type of asset (which is not entirely true), which is Bitcoin. Maybe they are going for a grant that will gain them lots of money and they need to be fit in the category to manufacture green materials.

[BrewMaster]

the most important thing for people who are new and are currently in the middle of this drama is to learn that this is also going to be repeated again. so they should soak this in, see how they made a mistake by acting irrationally based on their emotions and the lies that other people were telling them with fancy words. maybe by learning from this mistake they don't repeat it next time the same exact thing happened at a higher price level.

[ropyu1978]

yes it is clear that this is not the first time btc has dropped in price ,, people who have been in the world of bitcoin for a long time, I think they will all relax, and not bother at all, because they already know the ins and outs of bitcoin, so for us our beginners We have to learn from our seniors, so that we will be more enthusiastic and not easily get down ..