I hope this Bitcoin dip won't be deeper?

[$crypto$]

Prior to the Bitcoin price at the time of writing, there were those who argued that Bitcoin would not cross $17.6K because it was the lowest point of support. Even I have also speculated like that. However, with the reality like the current market price, the sentence when the price is low cannot be guessed when, considering that when the cheap assumption is happening, there will be another price below that.
The truth is buy and hold for years to come.

Just as we expected in the prediction, I also assumed that it would not pass through the support point, but in fact the price went down even more and our prediction missed after experiencing the bitcoin price, so the price is difficult to predict plus there are many issues about the market crashing I think this has something to do with that, many investors sell their assets and transfer them to others to maintain their stability.

And HODL is the way to go for those who believe in bitcoin, for years it will do better than you think.
2024/25 we can see the bull in that year.

[1714745992]

1714745992

[1714745992]

1714745992

[1714745992]

1714745992

[1714745992]

1714745992

[STT]

Higher low across a couple days gives some hope of building a recovery here.  I still imagine price action explores the entire available area but its also possible the low is formed as a good one and feared effects by the market of recent events proves unfounded hence we build upwards from here.  Much left to prove that this isnt just a speculative or trading move.

[Reatim]

Higher low across a couple days gives some hope of building a recovery here.  I still imagine price action explores the entire available area but its also possible the low is formed as a good one and feared effects by the market of recent events proves unfounded hence we build upwards from here.  Much left to prove that this isnt just a speculative or trading move.

Maintaining price such this makes me realize that there will be more dumping to come in the coming days.
so best to keep our belt close , never panic and maintain our holdings , try to prevent from checking market from time to time as there will be huge dumping coming our ways.
and also there are so much happening in our days now , so why need to rush the effect when we can keep Holding and profit later.

[Dave1]

Higher low across a couple days gives some hope of building a recovery here.  I still imagine price action explores the entire available area but its also possible the low is formed as a good one and feared effects by the market of recent events proves unfounded hence we build upwards from here.  Much left to prove that this isnt just a speculative or trading move.

Yeah, for TA guys like you, it's two fold, maybe we have seen the bottom area already and it's time for the market to bounce back. And then take this very opportunity to accumulate. Might be different for day traders though, as everything is based on pure speculation.

But for us long term holders, we might see this as a great chance to stack sats again and look for the long haul.

Going dip again to $13k-$14k? same, buy more, prices going up to $18k-$20k? good as well, specially if we have been buying around $15k-$16k, win win for long term hodlers and DCA boys out there.

[CageMabok]

It is inconceivable if the price of Bitcoin drops below $ 10K or lower, I'm sure it will be difficult and it takes longer to be able to recover or reach ATH that has happened, especially the Exchanges War continues to occur and make panic for investors, I'm sure the Exchanges War will make investors leave the Exchanges and make the market conditions continue to deteriorate.

You concluded all things only after seeing the case of war between the two exchanges. I think it is not appropriate to conclude because your belief can still be inversely proportional to the reality that will occur in the future. When Bitcoin was able to increase and reach ATH last year, it is clear that there is still a possibility to reach ATH again in a certain year even though it is currently at a very cheap or low price. Because investors when they start to enter the market again don't tell everyone, including you.

[MarjorieZimmermanGinger]

A decline like the one going on could point to some of the questions some people are asking about when it's a good time to buy. Most of us answer when prices are low or when a decline occurs.

Honestly, I quite agree with answers like this, that low prices or a decline is the right time to buy. The investment concept does show a formula like this, although people can take any part of the buying choice.

Prior to the Bitcoin price at the time of writing, there were those who argued that Bitcoin would not cross $17.6K because it was the lowest point of support. Even I have also speculated like that. However, with the reality like the current market price, the sentence when the price is low cannot be guessed when, considering that when the cheap assumption is happening, there will be another price below that.
The truth is buy and hold for years to come.

Bitcoin is highly speculative, this is what makes it more interesting and it can be seen from the long discussion on the forums, realize it or not any opinion will never be accurate to predict, personally I am also part of the person who thinks that bitcoin will not touch the price of $17.6K, but reverse graph of what I said.
The most correct is Buy and Hold Bitcoin, this will be much more useful when the price returns to the green line or the next ATH hit.

[aylabadia05]

2024/25 we can see the bull in that year.

The most correct is Buy and Hold Bitcoin, this will be much more useful when the price returns to the green line or the next ATH hit.

I dare not say what year the bull arrived.
Another right alternative at this time is to buy and save to the wallet but not in the exchange wallet then buy a plane ticket to go to Qatar to watch the World Cup football party. Think of it as taking a vacation and entertaining yourself from FTX news and other FUD news.

[Agbe]

Based on recent trend in Bitcoin, this is the worst year in crypto history and the year is not over yet. I was talking to a friend this morning concerning the current crypto trend and guess what? This dude is loosing hope already.

And I don't even know how to encourage myself to invest more in Bitcoin, is it right for me to go ahead and buy the dip ?

As it is, the way I see it or look at it, it will be more deeper & dipper, I am even expecting $10 and I have already prepared my mind for that. Yes since when I started knowing Bitcoin this is, in fact this month of October is the worst month ever in the Bitcoin. Many millions and billions are already poor now because of this. Companies are sacking workers because there is no money to pay workers again and companies are folding up. The dip is something else. I can not the time the bull is coming again, I don't think the bull market will come again in this year. But I still encourage everyone to have a thick skin. Still be hodle.

[jaberwock]

Higher low across a couple days gives some hope of building a recovery here.  I still imagine price action explores the entire available area but its also possible the low is formed as a good one and feared effects by the market of recent events proves unfounded hence we build upwards from here.  Much left to prove that this isnt just a speculative or trading move.

Yeah, for TA guys like you, it's two fold, maybe we have seen the bottom area already and it's time for the market to bounce back. And then take this very opportunity to accumulate. Might be different for day traders though, as everything is based on pure speculation.

But for us long term holders, we might see this as a great chance to stack sats again and look for the long haul.

Going dip again to $13k-$14k? same, buy more, prices going up to $18k-$20k? good as well, specially if we have been buying around $15k-$16k, win win for long term hodlers and DCA boys out there.

Day traders do not really look at it for that long term, which means that their TA and our TA could be very different. While ours show that there is a good chance it could recover to 20k in a month or two, theirs show the next 15 minutes or 1 hour, which means it could be anything, could be downwards as well. A price drop from 16700 to 16600 is a huge deal for them, and it could happen inside an hour.

This is why they are caring about the things that we do not care about because that drop means absolutely nothing to a long term investor as long as it goes up in the long run. Which is a bit of a troubled thing considering how long we have been waiting for it to go up as well.

[milewilda]

Higher low across a couple days gives some hope of building a recovery here.  I still imagine price action explores the entire available area but its also possible the low is formed as a good one and feared effects by the market of recent events proves unfounded hence we build upwards from here.  Much left to prove that this isnt just a speculative or trading move.

Yeah, for TA guys like you, it's two fold, maybe we have seen the bottom area already and it's time for the market to bounce back. And then take this very opportunity to accumulate. Might be different for day traders though, as everything is based on pure speculation.

But for us long term holders, we might see this as a great chance to stack sats again and look for the long haul.

Going dip again to $13k-$14k? same, buy more, prices going up to $18k-$20k? good as well, specially if we have been buying around $15k-$16k, win win for long term hodlers and DCA boys out there.

Day traders do not really look at it for that long term, which means that their TA and our TA could be very different. While ours show that there is a good chance it could recover to 20k in a month or two, theirs show the next 15 minutes or 1 hour, which means it could be anything, could be downwards as well. A price drop from 16700 to 16600 is a huge deal for them, and it could happen inside an hour.

This is why they are caring about the things that we do not care about because that drop means absolutely nothing to a long term investor as long as it goes up in the long run. Which is a bit of a troubled thing considering how long we have been waiting for it to go up as well.

In short, it would really be on different perspective on each trader/investor because some might be pertaining or looking for longer term aspect and there are some who do goes for shorter one which means
that they dont really care on whats up the trend as long they would really be sticking out into their analysis that they had made out just for the good of short term.They arent really that get stressed
nor really that have anxiety on getting in as long they could see opportunity then they would be diving right away.Its not really something an assured thing since everything could happen.
Each person is totally different when it comes to their approach and decisions made.Dont make yourself believe that you could precisely predict on where price would eventually go.

[Oasisman]

Based on recent trend in Bitcoin, this is the worst year in crypto history and the year is not over yet. I was talking to a friend this morning concerning the current crypto trend and guess what? This dude is loosing hope already.

And I don't even know how to encourage myself to invest more in Bitcoin, is it right for me to go ahead and buy the dip ?

Worst? I dont think it is.
Your friend will not only lose hope, but he's about to lose the biggest opportunity for him to make a good profit in the next couple of years or so.
I'm pretty sure, your doubt will turn into regrets once bull season comes. I've seen a lot of this kind of situation before. A lot of new people in crypto have missed the dip and I think they'll gonna miss it again this time as they are afraid of how sharp the dip will become.

[MarjorieZimmermanGinger]

I dare not say what year the bull arrived.
Another right alternative at this time is to buy and save to the wallet but not in the exchange wallet then buy a plane ticket to go to Qatar to watch the World Cup football party. Think of it as taking a vacation and entertaining yourself from FTX news and other FUD news.

There is no need to say when the fortress run will arrive, we will enjoy any conditions with bitcoin at this time. But my advice, don't store bitcoins on online exchanges, as stated by (theymos) Reminder: do not keep your money in online accounts This is to keep bad things from happening and not ruin the vacation schedule that you plan to schedule.

Of course you can take advantage of your free time for holidays this year, the World Cup will be taking place in the near future, you can visit there while enjoying your holidays, because the world's sight and center of attention is currently in this rich country (Qatar).

[Raflesia]

I do not think that there will be even bigger dips. All of those "predictions" are not really true, because if it was that easy to do then we would all be super wealthy right now, and yet we are not, which shows you proof that there is no known way of making money for sure. Even if a single person figured it out, it would grow out of them and everyone would hear about it. This is a proof that predictions are just predictions, they are not guaranteed results.

So, the dip that they are calling for already happened, and this is it, buy from here and be happy that it dropped so much for you to buy, so you can profit more than x4 when the price goes back to ATH and then some more when it keeps growing bigger and bigger.

At least with this there are many naive thoughts that have been corrected in terms of the mindset that Crypto is something that makes us rich instantly. As for predictions, there are only 2 possibilities of being right or not because this is only speculation when someone reaches the results of the research carried out so this is not really guaranteed because speculation is still at that level so you don't really need to believe.
Now Crypto conditions are not too hot for us to see, I personally am not a person who likes to trade and prefer to save so for a few days this might even last for a few weeks I continue to refrain from opening my portfolio so that it is not too be thought.

[Maidak]

It is inconceivable if the price of Bitcoin drops below $ 10K or lower, I'm sure it will be difficult and it takes longer to be able to recover or reach ATH that has happened, especially the Exchanges War continues to occur and make panic for investors, I'm sure the Exchanges War will make investors leave the Exchanges and make the market conditions continue to deteriorate.

In this case, I take it as an opportunity and I will be happy if bitcoin declines to 10k, it can cause extreme panic in the market and many people will leave the market but if calm you will see it as an opportunity. When others are afraid, that's when we should be greedy, you should remember that wealth is not for the masses. If you want what others don't have, you have to go through what others can't get over. It may take a long time for bitcoin to recover but for sure bitcoin will recover in the future, think about it, don't panic.

[KennyR]

It is inconceivable if the price of Bitcoin drops below $ 10K or lower, I'm sure it will be difficult and it takes longer to be able to recover or reach ATH that has happened, especially the Exchanges War continues to occur and make panic for investors, I'm sure the Exchanges War will make investors leave the Exchanges and make the market conditions continue to deteriorate.

In this case, I take it as an opportunity and I will be happy if bitcoin declines to 10k, it can cause extreme panic in the market and many people will leave the market but if calm you will see it as an opportunity. When others are afraid, that's when we should be greedy, you should remember that wealth is not for the masses. If you want what others don't have, you have to go through what others can't get over. It may take a long time for bitcoin to recover but for sure bitcoin will recover in the future, think about it, don't panic.

Those are the old days when some form of market manipulation takes place, people get panicked and leave the market. Now things have changed and we'll understood about the market. This have made majority of the users to hold unlike the market variation. Everyone finds the drop as an opportunity to invest, maybe the beginners into the market leave out of panic.

[Kadal Ijo]

I think the influence of Luna and FTX makes many investors panic, this proves that Altcoins are very strong influence, if there is Altcoins that become a scam, it will directly adversely affect Bitcoin's performance, and now the issue of centralization in ETH, BNB and so on continues to occur and make a lot Investors are worried.

[EdenHazard]

It is inconceivable if the price of Bitcoin drops below $ 10K or lower, I'm sure it will be difficult and it takes longer to be able to recover or reach ATH that has happened, especially the Exchanges War continues to occur and make panic for investors, I'm sure the Exchanges War will make investors leave the Exchanges and make the market conditions continue to deteriorate.

In this case, I take it as an opportunity and I will be happy if bitcoin declines to 10k, it can cause extreme panic in the market and many people will leave the market but if calm you will see it as an opportunity. When others are afraid, that's when we should be greedy, you should remember that wealth is not for the masses. If you want what others don't have, you have to go through what others can't get over. It may take a long time for bitcoin to recover but for sure bitcoin will recover in the future, think about it, don't panic.

Those are the old days when some form of market manipulation takes place, people get panicked and leave the market. Now things have changed and we'll understood about the market. This have made majority of the users to hold unlike the market variation. Everyone finds the drop as an opportunity to invest, maybe the beginners into the market leave out of panic.

True . There are a lot of huge institutions holding and doing the bitcoin project which mathematically would make the crazy crash unlikely happened overnight just like we witnessed in the past , a crash could possibly happened still .. but it would be in different way.

I mean like , no more crazy dump by an individual hands , we are in really different phase.

[CageMabok]

I think the influence of Luna and FTX makes many investors panic, this proves that Altcoins are very strong influence, if there is Altcoins that become a scam, it will directly adversely affect Bitcoin's performance, and now the issue of centralization in ETH, BNB and so on continues to occur and make a lot Investors are worried.

Only investors who are not familiar with Bitcoin will trust altcoins for this influence. But for investors who have known Bitcoin for a long time, they will not believe in the influence of altcoins which basically do not exist in the market. If Luna can influence Bitcoin, why can't Luna increase its price when Bitcoin is falling?

This is actually very strange when you put it like that, because the altcoins that are presented to the market are not to influence Bitcoin and the Bitcoin that has been created is also not to gain influence from new altcoins like Luna. Lol, I don't think your thinking is being illogical, but what you said makes me think that your mind is probably just messing around right now.

[crunck]

I think the influence of Luna and FTX makes many investors panic, this proves that Altcoins are very strong influence, if there is Altcoins that become a scam, it will directly adversely affect Bitcoin's performance, and now the issue of centralization in ETH, BNB and so on continues to occur and make a lot Investors are worried.

Only investors who are not familiar with Bitcoin will trust altcoins for this influence. But for investors who have known Bitcoin for a long time, they will not believe in the influence of altcoins which basically do not exist in the market. If Luna can influence Bitcoin, why can't Luna increase its price when Bitcoin is falling?

This is actually very strange when you put it like that, because the altcoins that are presented to the market are not to influence Bitcoin and the Bitcoin that has been created is also not to gain influence from new altcoins like Luna. Lol, I don't think your thinking is being illogical, but what you said makes me think that your mind is probably just messing around right now.

It is true that every altcoin movement depends on bitcoin, altcoins will not be able to rise in price if bitcoin does not rise in price. But you can see that luna's death dragged the market down and the market cap evaporated over $60 billion. Which means it does not affect bitcoin directly but it affects investors and they are also bitcoin holders. Once there is panic selling in the market, bitcoin will certainly not be immune to the impact of Luna.

[STT]

There is the technical point to consider in that any money not to tied to FTX might end up providing too much liquidity, supply to the market so lowering the price in that immediate way.   Im not sure that is happening, I heard billions mentioned were actually a legitimate withdrawal by a large entity not a trader or misdirected transfer so that might have been a false alarm that occured.

The pricing right now is beating a 12hr average, very fast trading momentum has us moving upwards.   It can also move above something like a weekly average so that would amount to alot more but I think will be capped at 20k or so at best in the next 7 days I guess.