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Author Topic: This isn't the first time the dip has happened  (Read 817 times)
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May 18, 2021, 06:51:35 PM
 #21

The market corrects whenever it reaches the point where people are buying and selling based on tweets.
And also to the negative news that are spreading FUD as well as the usual market that's being oversold.

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
Very well said. We don't have to be dependent on one man's tweet and this market is bigger than the past which there were more of these type of people that have been stopping and likely wants to do the same of control to the market. But as time passed, most of them failed and just eventually sold. Look at what Microstrategy has been doing, they've just bought again $10M worth of bitcoin.

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May 18, 2021, 06:55:58 PM
 #22

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
Must be a thing that should have in mind but it seems people arent really get used to on how Bitcoin or this entire market works or moves on where they get still shocked when they do see out corrections.
Market has always been like this and we cant just expect that it would just having that continuous behavior where we can see constant price increase or staying up high.Always consider that there would
always be a profit taking made out by those big investors which simply means when a certain point had been reached out then these kind of sell outs can really be seen.
This is why you should really be wise on when to get out and when to get in into this market but for those who do HODL then this wont be an issue.

R


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May 18, 2021, 07:13:10 PM
 #23

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
If I am not mistaken the market correction occur when we have a sudden price increase or strong up trend.
And those past correction matters every dip matters maybe not for you but for those who are waiting for it to invest more and have it cheaper.
In every price fall that we have there are some who have a successful trades because of it.
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May 18, 2021, 08:08:42 PM
 #24

Over coming emotions should be one of the key point of tackle for all investors. No matter how we avoid this a dip must always occur since the market moves in three directions. We shouldn't be expecting a one sided market move only taking advantage from the both trend would make you a more profitable trader

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May 18, 2021, 11:06:00 PM
 #25

Indeed. This is not the first time and probably will not be the last time the dips will happen for it will come concurrently depending on the market situation based on the volume and demand people are acquring in the market. Dips are part of the balance in the market because if increase will just happen, there will no balance and opportunity to be seen already. What you are supposed to do is not to negatively take those dips for those at times comes to provide chances or opportunity to acquire while the market is on its down state. We must see the bigger and in depth meaning of it to purposely see why such thing happens and see the positive side that it can do for us as well.

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May 18, 2021, 11:16:36 PM
 #26

Indeed. This is not the first time and probably will not be the last time the dips will happen for it will come concurrently depending on the market situation based on the volume and demand people are acquring in the market. Dips are part of the balance in the market because if increase will just happen, there will no balance and opportunity to be seen already. What you are supposed to do is not to negatively take those dips for those at times comes to provide chances or opportunity to acquire while the market is on its down state. We must see the bigger and in depth meaning of it to purposely see why such thing happens and see the positive side that it can do for us as well.
Pumps and crashes or dips would normally happen because it cant be called a market if it doesnt have those kind of traits then this wont called a market.

We are just really highly reactive on whatever the the price is going.When its going up then we are just hoping that it can even reached up to millions and

when it dips then we do say that bitcoin would come to zero or those worst things which they do keep on telling.
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May 19, 2021, 03:47:49 AM
 #27

This isn't the first time I've seen my portfolio drop more than 50% in just 1 week, btw i didn't care about the market situation right now because i believe with my altcoin and i don't thinking about sell it because my plan is to keep my investment more than 3 years.

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May 19, 2021, 05:07:31 AM
 #28

Some are panicking as they are seeing that bearish market is approaching us, but i'm telling you that never be so downed.

There are a lot of opportunity in a bearish market and there are a lot of coins who are profitable not only bitcoin.

Be optimistic and know that this is really a part of the market where dip will occur but also remember that there's a good thing that will happen after the suffering.

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May 19, 2021, 12:17:05 PM
 #29

For me, this is a good time for me to be able to buy coins in the dip. Of course, I need to wait first until the dip stabilizes and we could be able to detect if there would be no further dip. But the volatility is very unpredictable right now so we have to be careful. Anyway, to those who are good at looking at charts maybe you can also share us your thoughts as to how low this dip might reach. Would it go back to 10k? Do you think that we might be seeing the worst of Bitcoin?

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May 19, 2021, 12:38:59 PM
 #30

I agree with @OP. We do not need to panic if the price is down because the price will be back to the high price, although it takes longer to see the price start increase. We need to believe that bitcoin can increase so high and the correction is not a problem to us. We can use the time to buy bitcoin as much bitcoin as we can when the price is down. But many people afraid to see the bitcoin price still going down and they think that the price will drop too deep.

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May 19, 2021, 12:48:15 PM
 #31

For me, this is a good time for me to be able to buy coins in the dip. Of course, I need to wait first until the dip stabilizes and we could be able to detect if there would be no further dip. But the volatility is very unpredictable right now so we have to be careful. Anyway, to those who are good at looking at charts maybe you can also share us your thoughts as to how low this dip might reach. Would it go back to 10k? Do you think that we might be seeing the worst of Bitcoin?

No one knows where it would stabilize but just DCA to be safe. In case you see the green candles before pulling the trigger, the feeling of regret not entering earlier might haunt you Grin

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May 19, 2021, 12:54:26 PM
 #32

For me, this is a good time for me to be able to buy coins in the dip. Of course, I need to wait first until the dip stabilizes and we could be able to detect if there would be no further dip. But the volatility is very unpredictable right now so we have to be careful. Anyway, to those who are good at looking at charts maybe you can also share us your thoughts as to how low this dip might reach. Would it go back to 10k? Do you think that we might be seeing the worst of Bitcoin?
I agree, I do plan to buy but currently I don't nhave money to do it and most of what I own are in bitcoin and Ethereum and some alts sprinkled around, I am waiting for my other alts to bloom before I can buy some more bitcoin and hopefully I can get in the market while it is still this low.

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Oasisman
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May 19, 2021, 01:05:20 PM
 #33

For me, this is a good time for me to be able to buy coins in the dip. Of course, I need to wait first until the dip stabilizes and we could be able to detect if there would be no further dip. But the volatility is very unpredictable right now so we have to be careful. Anyway, to those who are good at looking at charts maybe you can also share us your thoughts as to how low this dip might reach. Would it go back to 10k? Do you think that we might be seeing the worst of Bitcoin?

Man, its hard to detect the bottom price. It's always a good strategy to gradually accumulate Bitcoin while it keeps on declining.
$10,000 might be so deep, but who knows. We are speculating anyway.
Bitcoin is currently down big and is trading at $33,000. So, that means it's consider a good buying price considering the $63,000 ATH, and that's a 50% price pullback.
But then again, accumulate gradually.

R


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May 20, 2021, 02:20:13 PM
 #34

There have been many such price drops, but there will be even more of them. And no matter how much the cryptoguru is called to treat this with a cold mind, some stress is still experienced. Although I sold all of the cryptocurrency a couple of weeks ago, I am also haunted by such price shocks. Of course, there is no plus without a minus, there is no rise without a fall, so I just wish everyone good luck and that on such price drops we earn more, not lose.
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May 20, 2021, 03:14:50 PM
 #35

For me, this is a good time for me to be able to buy coins in the dip. Of course, I need to wait first until the dip stabilizes and we could be able to detect if there would be no further dip. But the volatility is very unpredictable right now so we have to be careful. Anyway, to those who are good at looking at charts maybe you can also share us your thoughts as to how low this dip might reach. Would it go back to 10k? Do you think that we might be seeing the worst of Bitcoin?

No one knows where it would stabilize but just DCA to be safe. In case you see the green candles before pulling the trigger, the feeling of regret not entering earlier might haunt you Grin
Indeed. We know that the bottom is when the big red candle appears at the market, but we never know when the bottom will come. We can only predict without knowing the right answer but from that prediction, we can prepare to buy bitcoin at a low price and hopefully, that is the bottom for bitcoin price so we can hold it after we bought it. We never know if $10k will be the next bottom of bitcoin, but we do not want to see that price this time. But if that is what will happen later, then we can not do anything except buying bitcoin at that price.



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mamiko
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May 20, 2021, 10:53:43 PM
 #36

These declines were not the first and will not be the last. Of course, an investor who has spent time in this market knows these. The real investor is the person who stays in this market during the bear season and the bull season and seizes the opportunities. As people who believe in bitcoin, I am not worried about the dips in this market and I evaluate them. Denigrating bitoin in the fall is just manipulation and ignorance.

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May 20, 2021, 11:07:11 PM
 #37

These declines were not the first and will not be the last. Of course, an investor who has spent time in this market knows these. The real investor is the person who stays in this market during the bear season and the bull season and seizes the opportunities. As people who believe in bitcoin, I am not worried about the dips in this market and I evaluate them. Denigrating bitoin in the fall is just manipulation and ignorance.
Indeed, it was a common scenario that we have to experience but I just wonder why many people still understand this but they keep blaming others as the reason for the dip. Many of them are probably selling their holdings now, they are quite panicking at this time when seeing a huge market decline. But above all these things this gives an opportunity for the whales and some investors to take advantage of the market while many were dumping their cryptos.

Many are waiting for this moment to time and we have noticed that the price easily recovers as this because the buying demand goes high right after the dip. I think that many had taken the opportunity helping the situation to get back in a shorter time than what we expected.

R


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May 20, 2021, 11:32:53 PM
 #38

In this market, dips are something everyone should experience. They need to see that this market is not just about ups and downs and coins that are constantly increasing in price. Investors who do not know these will have difficulty understanding this market. People who do not know this anyway think that the market is a fraud and withdraw from the market. In order for people to be informed, they have to experience and learn everything in this market. this is not a market where hearsay information is invested.
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May 20, 2021, 11:54:23 PM
 #39

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

I mean Bitcoin is still up this year up to 300% so it's not obviously expected to have this correction in the market, I just can't imagine bitcoin dropping its market price so much.

Even at bare market maybe it will not even drop below 20k$ because there are so many investors these days compared to the past months or years, so for sure we could expect a slightly different deep compared to what happened in 2018 where it drops to 3k$ from around 20k$, so if you think about it that's a high percentage drop but I don't think that's gonna happened these time.

Big opportunity when the market price drop, I just buy some potential altcoins, I didn't buy bitcoin because I want to generate a big profit so I invested more in potential altcoins.

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May 20, 2021, 11:55:50 PM
 #40

As long as the market remains decentralized, we absolutely have to see and experience this all the time. But talking about HOLDing, it gonna be depending on the situation and I don't suggest people do this always. It is sometimes we have to sell because that is the only way we can generate profit and don't become a victim of false hope as not all the time the price is high while dumping is inevitable.

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