Dip, Dipper, Dippest

[Bitcoin_Arena]

Don't listen and believe deluded fools like Richard Heart because they hate Bitcoin and want you to buy their shitcoins. The current price movements of Bitcoin are a common thing in normal and healthy markets. You can't expect the price of Bitcoin to just move up and up without any correction.
If you holding long term, you have nothing to worry about like FOMO and panic selling.

[Issa56]

I don't care about how low bitcoin price go, all what I know is that bitcoin price gives people opportunity to accumulate more now that the price is down, I don't care about how low the price goes am still accumulating more bitcoin and am really to hold for as long as possible, have been hearing lots of news that bitcon will die, some say bitcoin will dump to zero, if you believe those people then sell your bitcoin now and see what will happen in the next few year's, you will endup regretting why you sold your bitcoin and most people criticing bitcoin currently are holding bitcoin and some are waiting for it to dump more so that they will accumulate more.

[ObscurePen]

Yeah BTC price is not steady. It is basically a parallel of the US markets, which are currently in disarray with the actions of the Federal Reserve. Until inflation is controlled prices will be everywhere.

I think basically if Bitcoin drops to a certain amount then many market bulls will liquidate their assets which may cause a chain reaction. I think this is what Richard Heart meant. But yeah don't listen to him, he is a shady man.

[lienfaye]

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.

The nature of Bitcoin is high volatile therefore we cant expect the price to stay steady. There are also investors who take advantage the sudden increase/decrease to profit. Those who are investing for short term, it has an impact on the price depending on their decision either to buy and sell their Bitcoin. On the other side we cant pinpoint if we already reach the bottom or the price will decrease further. Those so called experts and streamers predicting the future price are just speculating, thus its not accurate prediction to rely on, because no one knows what will happen next.

Honestly, I am not perturbed at all because I am a long term hodler.

Then, dont mind the current price since you're holding for long term. Be used to it because its quite normal for the price to be unstable.

[Nrcewker]

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.

When BTC touches 17,000 USD, then definitely within the next few mins, many buy orders will be placed, as many will rush to buy Bitcoins as many they can.
Buying Bitcoins at such a low price is still a dream for many people, so if anyone the price touches 17,000 USD, then definitely in the next few hours the price will skyrocket as the demand gets increased.
Nevertheless this bear market will end soon, so I suggest all the fellow members to don’t panic and sell if the price falls. Just be patient and wait till be the bear market gets over.

[Fundamentals Of]

The price also made me positive recently when it touched $25,000. It made me think that we won't fall down to $20,000 anymore. Of course I was also wrong. The price not only hit $20,000 once again, it actually fell lower than that. This time around I am seeing the possibility of Bitcoin attempting to create a new bottom. But let it come, that's a good opportunity after all.

Why can't the price stay steady? Why, has Bitcoin's price even reached a steady state? Bitcoin's price has always been volatile. And I have also read a lot of news about the release of Mt Gox Bitcoin.

[amishmanish]

We need to accept that Bitcoin is over year loosing market share the main reason so this is many alternative coins. Moreover the mining cost of Bitcoin is now exorbitant.. All this show that it's time for Bitcoin to evolve into a more eco-friendly avatar... We need to show the world that Bitcoin is and will stay the king crypto currency.

[noormcs5]

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.

You said that you are a long term holder but your sentiments say that you are in a panic seeing bitcoin price dumps. No one knows if bitcoin can reach near 11K in near future but it should not matter to long term holders. I am just waiting for the price to hit the lows so that the accumulation journey starts from that point which will lead to another bull market after the next halving in 2024. Its sad but price will dump to very low levels to give maximum pain to the holders.

[Oasisman]

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.

You should be more positive if Bitcoin falls at $11k like what Richard Heart said. You know why? Because you are given another opportunity to buy at a lower price and will give you huge profit as you have mentioned you are a long term hodler.
There is always a possibility that Bitcoin may hit $10k or below, but don't get too emotional, it's not the end of the world. In fact, Bitcoin is just giving a lot of people a chance to make profit like the early adopters/long term hodlers experienced before.
People like Richard Heart only sounds relevant because they are known in the financial industry. They're either talking sh*t or just making a voice so he get the investors attention. Nevertheless, nobody knows how Bitcoin will be priced in the next coming years. 

[Stella Mese]

In investing, of course, we must calm our minds, don't panic, and our thoughts must be positive, because if we are not calm, especially if we add panic, sometimes we will get losses and I learn from my own experience.

In my opinion, investing should be calm, especially if we invest in bitcoin. because even if there is a decrease in price of course it will come back up again.

[Questat]

UP and DOWN? Never get surprised about it and never ever think that pumps can be certain at these bearish moments of the market as it was really hard.
Well, I understand what you feel but somehow, we should be aware of the situation as well and become ready for everything. We just think that all of these ups and downs are unpredictable, of course, we can do predictions but never think it all be right, not at all times.

[XZERO1]

Influencers are just one of the cancerous aspects of what social media brought to the table.

Most of them act like they can predict the future with almost 100% accuracy while as a matter of fact they're just as clueless as you or anyone else on what happens next with the market, and unfortunately many newbies in the market think making money with trading/investing is easy and they can rely on these accounts to give them proper advice which is absolutely not the case.

Don't get me wrong, there are some good influencers in the space that can give you great advice and help you develop a new perspective on the market and how they operate, but they often remind you that they're not a know it all and they're merely trying to increase the chance of seeing the next move of the market with their data/information provided in their tweets, but sadly that doesn't include a very large percentage of them.

[BobK71]

Market volatility will not have any negative effect on those who are gaining knowledge and believe in crypto. However, as the current situation is a little worse, the market has dipped below $20k, many are looking for a big support zone at $17k. That may be the maximum dip for those who are interested in investing. Despite having dip, some investors may not buy because they are always waiting for dip.

[m2017]

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

If we consider a hypothetically possible situation, then the bitcoin's fall below "the peak price of the previous halvening cycle" will mean that something unusual and force majeure is happening, which means that need to start to get nervous and panic?

Are we moving towards the dippest part of the dip?

This is not excluded, but as NotATether claims above, the probability of this is minimal, because until now, this has not happened. So, most likely, the price will hang around at this level and will not go lower.

[Fivestar4everMVP]

Just wanna know your thoughts. Thank you.

Unfortunately, the price of bitcoin can't be correctly predicted whether it will go up or down, we all are just holding and hoping for the best, the dip also is an opportunity to buy more at a cheaper price, but this is for those who have the extra cash to throw in, and not for those who already bought with all the cash they have and currently waiting for profit.
Anyways, like I said before, we keep holding and waiting for the best, also buy more at every dip, if you have the cash.

[pealr12]

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.

How can the price stay steady when it is been traded actively? I doubt btc price can ever stay stable, it is the up and down movement of price that helps new investors to come in and also gives opportunity for day traders to make profit. Btc is not designed to be stable so don't expect it to be suddenly. If you can't watch the price, uninstall the app, unfollow the sites till when bear market is over.

[KingsDen]

Just wanna know your thoughts. Thank you.

Unfortunately, the price of bitcoin can't be correctly predicted whether it will go up or down, we all are just holding and hoping for the best, the dip also is an opportunity to buy more at a cheaper price, but this is for those who have the extra cash to throw in, and not for those who already bought with all the cash they have and currently waiting for profit.
Anyways, like I said before, we keep holding and waiting for the best, also buy more at every dip, if you have the cash.

Op has already said that he is a long-term investor, it means that he should not be bothered about the current price of Bitcoin but since we are all in the industry, that is no way we are not going to be concerned about the price of Bitcoin. But there is absolutely nothing we could do because we cannot make the coin to be stable. Bitcoin is either going up at a time or coming down at another time, it cannot be stable so we must learn to deal with it.
To be on the safe side at this moment  what we should be doing is DCA bcause we don't know actually where the bottom is or when the next bull will run.

[KaliLinux]

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.

That didn't happen yet so there is no confirmation there that this is the case besides, even before the Mtgox rumor, Bitcoin has been trading between the $17k it fell to in July to around $24k+ which looks more like a sideways movement from the chat to me if you look from a daily chart plot unlike what was happing from previous months of decline. However, I hope it doesn't dip more cos we could see a $16300 BTC price next. 

[Piesel]

Bitcoin plumbing to $11k is just an imagination of funds makers that want to buy back at relatively low price and just as frankly have said rightly, there have sold out the holding to take gain at earlier price and they hoping to cause the weak hand to sell off the Bitcoin at a cheaper price.

There is no way possible Bitcoin will pull back to 11k I don't expect that in Bitcoin history again we have gone beyond that price range and nothing could force Bitcoin to lower down to that price. But if you are looking for the lowest Bitcoin can go for now then it will still be in the range of 20k and judging from events in the price for the past 2 to 3 months you will agree with me on that.

[Agbe]

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.

Though no one want the bitcoin price to come down even those who are buying in the bear Market would still want it to be high for them to sell. But people who are dealing with bitcoin supposed to understand the movement by now. Yes when bitcoin price goes up bitcoiners rejoice. But you don't have to over rejoice because it has its own peculiar way of movement. Yes when BTC was going up I also predicted that the price would not come down again but the price drastically come down to 19k last weekend.

Richard Heart is not supposed cry as a strong bitcoin influencer in that matter. He would have been the right person to encourage others that not strong in the faith. Now that he is the one doing the opposite what will the other that are not strong in the bitcoin faith will do?
Moving to the dipest part is what we can not predict. But I believe it would stay on this figure of 19k to 20k within this imber month period.