Is $30k the bottom for this dip?

[wozzek23]

If my memory serves me right, we have achieved multiple all time high in a single year. We haven't seen that before that's why others have said that bitcoin narrative is changing already with many whales and then majority is still the retail investors like you and me.

Nevertheless though, we are still not sure if we have seen the lowest low or not, many things can happen in the future. The best thing to do is really be very careful and just buy if the price goes down hard in the lower $30k.

In 2021? We definitely did. We reached to 30k level by the end of 2020, and from there we just kept on going higher and higher, reached 64k which was a new all time high and dropped very hard, like literally under 30k levels at some point.

By the time October came around, we reached 68k again from all the way down, which was awesome to see, and that was breaking another ATH. I do not remember a single year where we had a more than 2x increase, more than 50% drop and then more than x2 increase and another 50% drop, all in a single year. Doesn't mean that it is impossible, it happened so it is possible but it was something I really did not expected at all.

[yohananaomi]

Since New ATH is almost a year when prices will approach $ 30k, there will be a very large transaction volume, can even be higher than when the price skyrocketing, Bitcoin is always interesting to observe because anything can occur so when the market is red, the price can drop below $ 30k even though the opportunity to skyrocket again is very big

but it seems that since the beginning of 2022, bitcoin has no desire to drop below the $30K price and continues to hold on to a fairly stable price in the $33K+ - $47K+ range, and now the trend will increase again to be able to break the crucial figure at the $50K price. .

but I strongly agree that bitcoin is very interesting because it is always changing quickly and not easy to predict, this is indeed a characteristic of bitcoin. at any time able to increase quickly but will also be easy to drop drastically. but because bitcoin will always create its newest ATH, this is what makes bitcoin always in demand as an investment.

[Baofeng]

Since New ATH is almost a year when prices will approach $ 30k, there will be a very large transaction volume, can even be higher than when the price skyrocketing, Bitcoin is always interesting to observe because anything can occur so when the market is red, the price can drop below $ 30k even though the opportunity to skyrocket again is very big

but it seems that since the beginning of 2022, bitcoin has no desire to drop below the $30K price and continues to hold on to a fairly stable price in the $33K+ - $47K+ range, and now the trend will increase again to be able to break the crucial figure at the $50K price. .

So far so good though, maybe we have seen the worst already at $33k, but I wouldn't be that confident, we still have 9 months to go for the year, many things can popup that can change it.

but I strongly agree that bitcoin is very interesting because it is always changing quickly and not easy to predict, this is indeed a characteristic of bitcoin. at any time able to increase quickly but will also be easy to drop drastically. but because bitcoin will always create its newest ATH, this is what makes bitcoin always in demand as an investment.

Bitcoin has always been interesting to many of us. Some see the volatility as a "friend". And as long as you know how to squeeze and utilize it's unstable price, then you are going to stay in the market for so long and play along with it as a investment instrument.

[stadus]

Bitcoin has always been interesting to many of us. Some see the volatility as a "friend". And as long as you know how to squeeze and utilize it's unstable price, then you are going to stay in the market for so long and play along with it as a investment instrument.

Volatility is the nature of bitcoin, regardless of the number of users and demand, volatility will always stay, that is the result of a fixed supply, so we have to deal with it. Some of us are just investing for long term, but volatility might cause a panic to us if we are not aware of it in the first place, we should not only look at the price increase or bull run because the market has a cycle, and we cannot deny that some of us are entice to invest during the bull run.