I hope this Bitcoin dip won't be deeper?

[minime0105]

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 ?

Despite that we have being experiencing the bad side of Bitcoin this year, that is how the price of Bitcoin have been rotational sometimes, but the Bearish market have been long since it's started, so i believe that it will normalize due to it's technology, because it's understandable that in any cryptocurrency bearish market or bullish market they most set of people who is a beneficiary to it, so i believe that and that concept is real, we all know that the price of Bitcoin falls and rise which we believe that price will rise again despite the long stays in bearish market.

[1714675414]

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[Joshapat]

The price of Bitcoin Drop is more than 75% compared to ATH that occurred in November 2021 or a year ago, it is difficult to understand but this is a decentralized system that makes any chances can happen, and if a new case that appears like FTX it will increasingly make prices fall and may be possible Drop under $ 10K.

[Bitcoin1216]

I hope that November is the lowest price, there is something unique if we compare it with 2021, namely November 2021 reached ATH with a price of almost $ 70K while the lowest November 2022 price and made many panic so that they chose to sell assets.

But many experts believe that prices have the opportunity to drop again due to internal factors, namely scam cases such as FTX and of course external factors, namely the global economic conditions that are recession.

[Smack That Ace]

I am not sure if it will be deeper or not, but I try to ignore it and I suggest you guys to do the same as well. I know that many people keep on checking the price ever 5 minutes and that will not help you at all. There are days that I don't check the price, let alone hours, sometimes I do not check the price maybe for a whole week if nothing happens.

How come I am so calm and ignoring the price so much with money in crypto? Well, simple really, I trust crypto and I know that it will go up, that’s how I keep on ignoring it. I know that it will go up eventually and that’s how I will make my money, that’s how it will grow. If I can keep doing this, then eventually I will profit.

For me, I still check the price regularly but not every 5 minutes or every hour I usually check the bitcoin price every morning when I start work and at the end of the day check on coinmarketcap. Honestly, my assets are still pretty much in USDT and I still pump every month when I get my salary. I also have a strong belief in bitcoin with what I missed in 2018 and I promise myself this time I won't miss a single chance with bitcoin. I'm the opposite of a lot of people, I'm always excited when the market moves and causes bitcoin to plummet. I see it as an opportunity rather than a bad thing.

[Dave1]

The price of Bitcoin Drop is more than 75% compared to ATH that occurred in November 2021 or a year ago, it is difficult to understand but this is a decentralized system that makes any chances can happen, and if a new case that appears like FTX it will increasingly make prices fall and may be possible Drop under $ 10K.

It's easy to understand though, I mean by now we all know that the market has cycle, bear and bull. So obviously after a great and massive bull run, what follows is the bearish trend that we have seen already and still going to be bearish till next year. Historically, the price could go down as high as -85% as per previous bear.

So yes, we might still see the price going down around $10k - $13k till this next.

And there could be another case similar to FTX that can affect the market as well to pull the price to that levels.

[Bitcoin1216]

6 days ago when the price of dropping to $ 15700 made me worry that the price would not be able to rise again, I thought that immediately selling was the best option before the price continued to fall, but today the price has reached $ 17k and makes me no longer worried about bitcoin, And I plan to hold at least a year because I once bought when the price is expensive which is more than $ 52K.

[iamsange]

6 days ago when the price of dropping to $ 15700 made me worry that the price would not be able to rise again, I thought that immediately selling was the best option before the price continued to fall, but today the price has reached $ 17k and makes me no longer worried about bitcoin, And I plan to hold at least a year because I once bought when the price is expensive which is more than $ 52K.

If you are still worried and doubtful about Bitcoin only when you see the price dropping, it means you still don't fully believe in Bitcoin and usually people who say bad things to Bitcoin are those who don't fully believe in Bitcoin so they turn into people who blaspheme Bitcoin simply for not having the patience to wait for a price increase in Bitcoin.

I think people like that are people who don't have a stand in themselves for something so they are very easy to shake and change when instigated through FUD or news that is not true. Because they only believe in Bitcoin when there is an increase in price, whereas when a decline occurs in Bitcoin, they start to doubt and blaspheme Bitcoin with bad words. And I don't want you to be one of them.

[Pierre 2]

Its really hard to detect where true dip is. I mean 16000-15000 already feels like deep considering Bitcoin wouldn't go down under 10000 dollars (common sense). But markets were terribly affected by FTX thingy and right after, blockfi issue. Crypto is not what it used to be in 2021. I also hope Bitcoin starts recovering after this level, as I also started buying at certain points. But as other stated it is not something to worry unless price becomes like 2000-3000 (like in covid times).

[Quidat]

Its really hard to detect where true dip is. I mean 16000-15000 already feels like deep considering Bitcoin wouldn't go down under 10000 dollars (common sense). But markets were terribly affected by FTX thingy and right after, blockfi issue. Crypto is not what it used to be in 2021. I also hope Bitcoin starts recovering after this level, as I also started buying at certain points. But as other stated it is not something to worry unless price becomes like 2000-3000 (like in covid times).

It had been tested out for how many times but we've seen on how the price did get able to hold into that price point and just like the rest on seeing it that it might really be
the bottom which it cant really be easily be broken out no matter how many times the market is trying out to give out negative sentiments or news but still we are holding that strong.
Im not saying that this is the sure thing but its impossible for us community not able to notice it out on how the price behaves within these levels.
What makes thing even more harder to predict is on the time where prices are really moving sideways.There's no way that we could really make out some good
positioning specially doubts and confidence is highly been affected.

[STT]

Impossible to say right now but the ominious sign despite current rises in price action is that the 50 day moving average is declining which means be on guard for future resets.  We cannot say if those resets will be deflected and minor in their effect but Im quite certain they will occur and register some negative and selling, makes sense there is a beginning and tail end to any event.
   I drew the uptrend at present in at 16.5k and if we cannot maintain that level even under duress then I think we have develop further downwards once again.

[jaberwock]

If you are still worried and doubtful about Bitcoin only when you see the price dropping, it means you still don't fully believe in Bitcoin and usually people who say bad things to Bitcoin are those who don't fully believe in Bitcoin so they turn into people who blaspheme Bitcoin simply for not having the patience to wait for a price increase in Bitcoin.

I think people like that are people who don't have a stand in themselves for something so they are very easy to shake and change when instigated through FUD or news that is not true. Because they only believe in Bitcoin when there is an increase in price, whereas when a decline occurs in Bitcoin, they start to doubt and blaspheme Bitcoin with bad words. And I don't want you to be one of them.

It's so wrong to blame the coin just because it didn't go to what you expected. The coin didn't force you to invest on it in the first place. Those people must be ashamed of themselves for doing that. There are events which affected the market in a bad way and they are real not just fuds but if we are holding a bitcoin and not just any other coin then we shall not worry too much because btc have a long history of dump and pump. It won't fail to do it just yet.

All we have to do is to wait for that right moment to come aka to hodl. We can also continue buying on the side if we still have a budget. I don't know if the price will dip more but if it did then that's great. This will be a good discount for us.

[redhack]

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 ?

It's nowhere near worst year. We've seen much worse years, I guess you are new here.

If your friend lost his hope that's a good sign. I hope you and your friend sell all your Bitcoin, so we can start new rally.

[Newlifebtc]

Many people will always be afraid of Bitcoin increment and bitcoin down for so I believe that the deep market is what is making people to run away from the crypto-currency market in so I believe that with the increment of Bitcoin many people will come back to invest with it

[Ani1985]

I hope that in 2022 it is the worst year after ATH, hoping that in 2023 it will continue to improve and can reach at least 50% of the ATH that has happened, if the market continues to worsen, the more people are impatient and make prices continue to decline.

[Jating]

I hope that in 2022 it is the worst year after ATH, hoping that in 2023 it will continue to improve and can reach at least 50% of the ATH that has happened, if the market continues to worsen, the more people are impatient and make prices continue to decline.

We can only hope but it seems that we are still in the bearish cycle next year though.

So I doubt that we can reach at least 50% of our last all time high, on the contrary we should brace ourselves as it could be worst. I know that this is just a wild and educated guess, but maybe $10k-$13k could be with it if there is another even, a black swan that will pull the price even further.

We have experienced $15k already, and if ever there will be another lower lows, then just accept it and then we deal like just like any other previous bear cycle.

[GigaBit]

One of the most reliable investments in cryptocurrency is investing in Bitcoin. Always plan long term before investing in Bitcoin. The current Ukraine Russia war has created a global financial Economic recession, causing inflation in every country in the world, and a massive bearish impact on cryptocurrencies as well. The Economic recession isn't the only reason for the crypto bearishness. Here two major project scandals have forced the market to be long bearish.

But those who believe in Bitcoin will never lose. Bitcoin is now in a dip and may be the highest dip during this period. Bitcoin is now about 75 percent down its bullish price. I think this is the best opportunity. May not come to this condition again. Still if anyone is confused following DCA method that will be better.

[ScamViruS]

I hope that in 2022 it is the worst year after ATH, hoping that in 2023 it will continue to improve and can reach at least 50% of the ATH that has happened, if the market continues to worsen, the more people are impatient and make prices continue to decline.

2022 is a bad year for the crypto market. There have been some incidents in the crypto market this year that were beyond the expectations of crypto investors, and those incidents directly impacted the entire market. Hopefully next year there will be no more such disappointing and damaging incidents for crypto. And the market will gain new momentum again. Next year crypto market situation can be very interesting and will be enjoyable for crypto investors, traders.

[Punakawan]

Today is the market drop again under $ 17K, in the last binance the price is $ 16850, hopefully no longer drops and return to the level of $ 17k or more, we certainly have been waiting for time to see the rising price again, and it seems the hope is to be able to see Rising prices in December will not occur.