Dip, Dipper, Dippest

[Cryptomultiplier]

A couple of weeks ago I was excited that bitcoin price had gained 23k+. I was positive that it was going to at least stay steady at that point for some and the go up gradually, but boy was I wrong. On Twitter this user - Richard Heart, tweeted "Pray that #Bitcoin doesn't hit $11,000. For if it does, the sound of me patting myself on the back will be heard around the world."(What does this even mean?). Anyways, I decided to open my Binance app(I do not check the price daily. Is this normal?) only to find out that the price has plummeted to 20k. Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.

[Don Pedro Dinero]

We cannot know if we are going to test new lows, but I do believe that the next few months are not going to be good. Maybe we will go up a little bit or down, but in essence we are going to stay at these price levels.

To go below 17,000 USD I don't think it will happen and if it does I think the price will recover soon, because it is a very clear buy zone.

[mk4]

First off, you don't listen to the shitstain that is Richart Heart. Dude was literally crying on stream when bitcoin was at near-bottom saying that it's over and all that, then created a scheme[1] that takes advantage off financially illiterate people.

[1] https://bitcointalk.org/index.php?topic=5286822

[franky1]

the window of price is a stretch between $15k and $90k
(lowest mining cost(lowest coin acquisition on planet) - (highest mining cost(highest coin acquisition on planet)

meaning those screaming $11k/lower or $100k/higher.. are just deceiving themselves.. right now,
the window is not in those realms right now to even be a possibility right now(short term)

bitcoins still in the healthy good zone of cheap bitcoin compared to for instance germany,japan, hawaii high mining cost at the $80k+ level..

buyers sentiment:
 $15k  $30k    $45k   $60k  $75k   $90k
   ||||||||||||||||||||||||||||||||||||||||
      ^
so bitcoin is still a great opportunity to buy cheap before the next cycle of store of value movement in the next cycle which will be a higher window amount (higher bottom, higher top)


the market price will never just be stable inside the window and can go up and down within this window..
but going beyond this window(below $15k or above $90k) is not really a rational amount to even think is a possibility short term..

if you imagine it as a length of string. and where the price is as a knot. you will become less worried about the movements of $17k-$23k $20k . and instead see the big picture of the length of string and where the knots (small movements of back and forth) within the string

[NotATether]

Not sure what Richard Heart is trying to imply except maybe that he has a huge buy order at $11K. So? What's the big deal about that? Perhaps HEX rewards have dried up and he needed to find a new source of revenue.

Not that it matters anyway. Bitcoin has never fallen below the peak price of the previous halvening cycle.

[Z-tight]

Richard Heart should not be a cause why anyone should panic, he is just a twitter user with his own fud instigating opinion, he can do whatever he wants to do without making it public, but no, he and so many others try their best to use either bitcoin's rise or winter period to become popular, or more popular.

The price can't stay steady for now because 1)bitcoin is still a very volatile currency, and that's because 2)weak hands keep throwing it away when there is fud, plunges or panic and 3)because we are in a winter period. It is a great time to buy more by the way and it is much better if bitcoin users can get good information from better sources than skewed information from twitter users and anti-bitcoin people.

[bitbollo]

during these years I have learned to ignore these predictions.
Because if you look around you always find the super optimistic and the super pessimistic one.
Even in situations of consensus (see end of year 2021)... you realize that that price does not arrive! (the famous 100k per bitcoin).

These opinions are useful to listen to... yes, but I always try to get my own idea that is also based on my finances, on my goals to achieve. and I think that everyone (with a large portfolio) has the same target even when spreading such "price targets" or "predictions"

[tranthidung]

On Twitter this user - Richard Heart, tweeted "Pray that #Bitcoin doesn't hit $11,000.

For me, I pray to see Bitcoin at $11,000 or even $13,000. I will be able to accumulate more Bitcoin and receive more satoshis from my salary.

I know if there are deeper falls, there are more victims who over leveraged or over gambled. However, it is their faults and don't blame their faults on the market. Even if there are bull runs, there are still gamblers who will die by gambling (shorting with high leverages).

[franky1]

Not sure what Richard Heart is trying to imply except maybe that he has a huge buy order at $11K. So? What's the big deal about that? Perhaps HEX rewards have dried up and he needed to find a new source of revenue.

Not that it matters anyway. Bitcoin has never fallen below the peak price of the previous halvening cycle.

those quoting stupidly low amounts (outside the logical. fundamental value window) are those hoping to get the price down lower then $20k to then buy back at the $17k-$15k by using speculation of FUD, scare tactics.
of a possible $11k


im assuming he sold out at $20k+ and is looking to buy back in (most probably a short loan order) at a much less amount. of a real possibly $17k or at worse $15k
its mainly shorter influencers(opposite of pumpers) that shout $11k or less. hoping it inspires other naive shorts to sell coin(lowering the price(opposite of a pump)) to set a buy in at that stupidly low amount .. to actually cause a sell off 'bank run' down but where the naive shorter sheep dont buy back in at $17k-$15k to stop the bank run

in most cases those shouting $11k know it wont get to $11k  and are ready to buy in at the actual "bottom" of ~$15k worse case right now... while they cause the other naive shorters they inspire to start a 'sell off' down to $15k for the influencer to buy back a little above $15k.. .. to then leave the shorters of $17k$15k to lose out by the price never reaching the $11k amount they were influenced rebuy at

[pooya87]

You need to zoom out more to see that price has been doing this for more than 2 months now so it surprising that you were surprised by the same trend that has been happening this long. We are in a sideways market, despite some signs of momentum but since $25k resistance was not broken we didn't turn sideways into bull market. Similarly since $20k could not be broken it also couldn't turn into a bear market either.
Sideways it is for more weeks probably.

P.S. Stop following idiots on social media who seek attention by predicting random "numbers".

[Baofeng]

A couple of weeks ago I was excited that bitcoin price had gained 23k+. I was positive that it was going to at least stay steady at that point for some and the go up gradually, but boy was I wrong. On Twitter this user - Richard Heart, tweeted "Pray that #Bitcoin doesn't hit $11,000. For if it does, the sound of me patting myself on the back will be heard around the world."(What does this even mean?). Anyways, I decided to open my Binance app(I do not check the price daily. Is this normal?) only to find out that the price has plummeted to 20k. Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.

I'm not that affected with some random tweets though, market is very volatile, that's why we won't see the price stabilizing. Maybe some sideway patterns with no movement, but still it won't last that long and it will eventually have to make a break out run, whether  going up (good), or down (bad).

And you still have to factor that we are still in the bear market so the price will definitely go down. We have hit the lowest low of $17,500 already. But if my chance the price still go go below that price then as a long term hodler, then take that opporunity.

[lionheart78]

Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.

We know the price of Bitcoin is greatly affected by supply and demand and this supply and demand is very sensitive to economic events.  I was, too, very positive that Bitcoin will stay in the range of $24k when the relief rally happens and another good news was released that one huge company will cater to BTC service. I even thought that it might recover way past $30k  but then there are lots of events that push the BTC down.  One of which is the recent speech of FED, which triggers bear break out.

I also think we will see another lower low before the Bitcoin market transitions to bullish sentiment.  But no matter what, this is a good time to do cost averaging.

[spiker777]

A couple of weeks ago I was excited that bitcoin price had gained 23k+. I was positive that it was going to at least stay steady at that point for some and the go up gradually, but boy was I wrong. On Twitter this user - Richard Heart, tweeted "Pray that #Bitcoin doesn't hit $11,000. For if it does, the sound of me patting myself on the back will be heard around the world."(What does this even mean?). Anyways, I decided to open my Binance app(I do not check the price daily. Is this normal?) only to find out that the price has plummeted to 20k. Honestly, I am not perturbed at all because I am a long term hodler. But why can't the price stay steady? Are we moving towards the dippest part of the dip? Just wanna know your thoughts. Thank you.

Richard heart is a moron bro. you should never believe him. he's not a true believer of bitcoin.

We cannot know if we are going to test new lows, but I do believe that the next few months are not going to be good. Maybe we will go up a little bit or down, but in essence we are going to stay at these price levels.

To go below 17,000 USD I don't think it will happen and if it does I think the price will recover soon, because it is a very clear buy zone.

I also feel this bear market will stay here for some time. I have a feeling that it will stay like this for possible another year.. but I don't think it'll break below 17,000. it'll most likely idle between $19k and $23K in these time until next Bull market.

[yazher]

The question here is, how much did you invest? it is some amount you can't afford to lose or do you need it in the future?
if so, then consider yourself unlucky because you ended up like anybody else who rush to invest without making enough research about the crypto market.

The only thing you can do right now is wait to gain back to the price when you bought it and decide whether you take it back or let it be there for a while.

[Rruchi man]

Are we moving towards the dippest part of the dip?

No one in my opinion, will be able to give an accurate prediction or answer your question correctly, but I would say that it is best you prepare your mind for whatever situation that comes so far you have made the decision to Hodl for long-term. See the dip as more of an opportunity to gather more bitcoins to add up to your portfolio but still you must refuse the urge to be tempted to invest more now than you can afford to loose because the market is presenting an opportunity.

[maydna]

People should not overreact when they read Tweets from Heart or anyone else because if they could do that, the market conditions would not change, and they would tend to be in a sideways position. But we can't prevent people from panicking when they read it and would rather save their funds than continue to hold their bitcoins. Everything is normal because bitcoin is still going up and down several times, and if the price goes down again, you don't need to panic. Stay alert and look for a good time to know when to buy bitcoin again.

[tjtonmoy]

These influencers and newbie panic sellers are the reason for that. They will say something for their own benefits. And newbie will trust them blindly. Even it moves towards the dippest, it will become an opportunity for long term holders. Not sure if it will though.
But this will be the best chance to fill the bag. So time to wait for that.

[Sweetbtc]

Yeah, I also think BTC will make move now to 27k$, but it again dumped to 20K$. The reason for this dip may be Mtgox news, they are releasing BTC, so many of them will sell and dump the market. This news has created panic in the market. So BTC dumping.

[Jeger.Kiting]

If you are an old player and still holding Bitcoin for sure you won't be wondering about this, I think it's just bullshit written on twitter to make everyone panic and ask about this, know Trends are always there for years and Bitcoin price will not be stable while in this bear market. So take your best time to do something about the price movement.

[Coin_trader]

It’s the common problem by newbie trader that keeps browsing social media post about Bitcoin without looking the bigger picture of the price chart. Newbie will usually interpret that the recent price pump is already a reversal but it’s just a relief when you look on longer timeframe charts. You can see the obvious end of relief on Weekly chart of Bitcoin after printing long red candle last week after consecutive of sideways movement.

We can expect a huge movement downward tonight before the weekly candle close tomorrow if bulls don’t find any solution to counter the current bearish movement. This time it will be stronger because the current week candle will confirm the bearish trend once it close in red.