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Author Topic: This isn't the first time the dip has happened  (Read 817 times)
KaliLinux
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May 22, 2021, 10:02:51 AM
 #61

Bitcoin is bigger than any individual or corporation.

I agree with you on this really much. Yeah, the market is highly manipulable and we've witnessed so many examples so far too. But Bitcoin is a strong cryptocurrency. It will recover from this fall also sooner or later.

True and that is why Investors that believe in Bitcoin will always take advantage of circumstances like this dip to acquire more. History has told us plenty about how possible it is for Bitcoin to recover from dips and this is also one of such dips. 
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May 22, 2021, 10:10:30 AM
 #62

There is nothing to be afraid of, I agree. In fact, I see these situations as an opportunity to accumulate and increase my investment into Bitcoin. Buying from the dip is the most delicious activity for me.  Grin

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May 22, 2021, 10:24:08 AM
 #63

Bitcoin is bigger than any individual or corporation.
I agree with you on this really much. Yeah, the market is highly manipulable and we've witnessed so many examples so far too. But Bitcoin is a strong cryptocurrency. It will recover from this fall also sooner or later.
True and that is why Investors that believe in Bitcoin will always take advantage of circumstances like this dip to acquire more. History has told us plenty about how possible it is for Bitcoin to recover from dips and this is also one of such dips. 

Bitcoin dumps have been repeated many times, and after that many times Bitcoin has recovered successfully. The same is the case with Bitcoin today,
so we don't need to panic about the current decline in Bitcoin prices. We have to be patient and believe that Bitcoin will soon rise again in price. If we
look at the history of the movement of Bitcoin, several times the price of Bitcoin fell quite deep, but not long after that finally Bitcoin managed to
go up again, sometimes even higher. So I never had any doubts about Bitcoin, I will HODL the Bitcoin that I have.

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May 22, 2021, 11:19:55 AM
 #64

Of course this isn't the first time bitcoin experience such situations wherein only greedy ppl will immediately dump because of that tweet or some sort of fuds around the internet not those smart hodler.. Actually this have been tested and only greedy ppl missed the real opportunity to make a massive profits because its the way how bitcoin bump after the dip. They don't know about that probably?
Even if this is not the first time the bitcoin experience, many people still panic and sell their bitcoin. Maybe they forget that it happens temporarily and not for a long time, but they see much negative news spread on social media, which makes them worry. The news on social media is different than before, so people who do not have much experience and knowledge will confuse and afraid if their investment does not work. So they decide to sell their coins without thinking much about the recovery of the market.

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May 22, 2021, 11:27:00 AM
 #65

Yes, we shouldn't panic because of the recent dump. Panic makes people do silly things. I didn't miss this chance to buy more BTC and ETH. If one is a HODLer, this is one of the golden opportunities definitely.

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May 22, 2021, 02:51:04 PM
 #66

Of course this isn't the first time bitcoin experience such situations wherein only greedy ppl will immediately dump because of that tweet or some sort of fuds around the internet not those smart hodler.. Actually this have been tested and only greedy ppl missed the real opportunity to make a massive profits because its the way how bitcoin bump after the dip. They don't know about that probably?
Even if this is not the first time the bitcoin experience, many people still panic and sell their bitcoin. Maybe they forget that it happens temporarily and not for a long time, but they see much negative news spread on social media, which makes them worry. The news on social media is different than before, so people who do not have much experience and knowledge will confuse and afraid if their investment does not work. So they decide to sell their coins without thinking much about the recovery of the market.
- A history book with brief lines of market crash and return published every year with bitcoin is not a thing to be forgotten but the figures are inconsistent and that gives a different experience of panic, more precisely, people are still not able to adapt in time to this new collapse, communication is also strong in causing pressure and this is the result we get, the liquidation and evaporation a huge capital. Psychology is the weakest thing that people show outside, not for the first time but this ghost still affects decisions.


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Xinarae*
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May 22, 2021, 03:27:17 PM
 #67

In fact the crypto market must be stable or rise and fall. Pump dumps are constantly happening in the market there is nothing to panic about the reason for going down is that the market will go up again this is a good opportunity to hold on to huge profits in the market due to the negative impact, many traders are selling their currencies for which the prices of the currencies have started declining. You have to wait and see for the market to rise soon.
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May 22, 2021, 03:56:59 PM
 #68

Yes, this isn't the first time we are seeing the market as bearish. We will always have these times. The most important is to make use of these chance to invest more. This is one of the biggest chances for HODLers especially.

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Ibrahim60
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May 22, 2021, 05:57:16 PM
 #69

Yes, this isn't the first time we are seeing the market as bearish. We will always have these times. The most important is to make use of these chance to invest more. This is one of the biggest chances for HODLers especially.
I'm appreciating with your opinion. Price falling is the biggest opportunity for investment. But in Bitcoin you need to invest for long time. If you have enough patient to hold bitcoin long time then this dip is the biggest opportunity for you to buy some Bitcoin. Bitcoin is one of the most potential Crypto currency. Though now price is decreasing but price will increase soon. Stop panic sell and hold strongly.

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May 22, 2021, 07:52:21 PM
 #70

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
Bitcoin has been declared dead many a times in the past and it always bounce back. This time too, it will go up again to new level.
BTC and crypto market is highly volatile, just a small or big negative news can crash it.
We need more and more people to understand that panic selling is only going to hurt them. If they want to make profits in crypto, always hold when price are falling.
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May 22, 2021, 08:03:53 PM
 #71

~
Many are not used to the volatility, that's why.
Let them sell whenever they want, it should surely bring down the price a bit but that's an opportunity for all of us to buy more and take theirs.
I wonder how many regretted selling all their BTC back in 2019 when it dipped in 3k then saw that it is now above 30k+. Imagine that people if you sell right now, what would people think that will panic in the late times when BTC managed to get around 70k when its ATH was 100k. Smiley
Floors is getting higher, don't you all think?
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May 22, 2021, 09:08:04 PM
 #72

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.

It's money so people will always panic when they see their holdings crashing down.  Aside from that, there are lots of new hands in the scene (the reason for Bitcoin surging to new ATH) and most of these new holders had never experienced the true volatility of  Bitcoin so being their first time, many of them panic sell.  They FOMO buy when the price is at the top and easily shaken when the price is down.
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May 22, 2021, 10:31:17 PM
 #73

I started cryptocurrency few years ago and we have faced lots of challenges we are definitely use to dump this is not our first dump and we are not suprise or discourage, I just want everybody to hold any coin they are having and not to be scared to sell off at lost most especially the newbies that are new in Cryptocurrency or that have not hard this kind of experience before. Just hold your coin and have patience with time the market is going to bounce back.

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May 23, 2021, 06:36:34 AM
 #74

Truth remains that this isn't even going to be the last time the market will dip after an enviable rally. Also, it isn't going to be the last where those who regretted not buying before the last rally will still not buy at a time of a dip. Humans are like that. They will wish they were already in before the take off and then become skeptical buying in during a crash, believing it's a falling knife situation. Of course, those who trade will tell you of the need for Bitcoin to have built up support momentarily as it journeys up. No support with a major push up is a recipe for a huge crash. This is what is being experienced fuelled by Elon's tweets and the FUD from China. TA (Technical Analysis) needs FA (Fundamental Analysis/News) to achieve its reach.

Bitcoin will be fine after this. It's just a passing phase.

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May 23, 2021, 07:34:44 AM
 #75

It's been a bad week. Only by coming to the forum can I regain my lost courage.
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May 23, 2021, 07:56:15 AM
 #76

This isn't the first and isn't last. Only new hodlers are in panic. We've been here many times. And we now what to do!
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May 23, 2021, 08:21:00 AM
 #77

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 believe that this is not about a tweet of a single person because there are other new that comes out who's the reason for the continues lose of support for Bitcoin and of course the affected altcoins.

But what you said is perfectly correct, If you are not ready for this kind of situation then you are investing in the wrong place..This is Volatile market and weak hands does not belong here.

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May 23, 2021, 08:43:05 AM
 #78

This market has different dynamics to it, there are some that sold off during the beginning of the dip but not for panic but to take advantage of the reset market and get more if you don't understand this for this dip and sold off thinking and afraid if the market will come back again, then those probably are no true Bitcoiners.
This is a good position to get more but I am kinda selfish hoping to see some more dips  Grin to even get a bigger potion.
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May 23, 2021, 09:00:34 AM
 #79

It's time to hold back, don't panic when prices go down, make sure all of this will recover to normal, many panic and sell their assets at times like this but they will regret it when they see the market has started to recover like my experience in 2018, I don't want that bad experience to repeat itself.

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May 23, 2021, 09:17:06 AM
 #80

It's time to hold back, don't panic when prices go down, make sure all of this will recover to normal, many panic and sell their assets at times like this but they will regret it when they see the market has started to recover like my experience in 2018, I don't want that bad experience to repeat itself.

If we panic to see the Bitcoin price fall deep enough right now, it will only hurt us. Because Bitcoin prices have often fallen, even the worst happened
in 2018, but in the end Bitcoin always managed to recover again. That's right, don't let our bad experiences in 2018 happen again, we must be able
to learn from every experience we have experienced. The best step we have to do now is that we have to HODL our Bitcoin until the price recovers
and that does require patience.

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