thank God for bringing btc back in 2018.

[Mpamaegbu]

~snipped~

While you're happy that the market is dipping so you can increase your holding, many are still skeptical going in. They see the ongoing dip as a falling knife situation. A lot of wannabe investors love quoting Warren Buffet on the need to buy when others are scared and sell when they become greedy hodling. However, they don't keep to that fundamental principle of investing. Sometimes, I don't want to go out and blame them for developing cold feet during times like that because we are often going to be scared too watching the situation life. We get wiser with hindsight.

[Marykeller]

I wasn't aware of the bitcoin price around 2018, I can't attest to whether the crypto market is returning to the market of 2018 or not. The only thing I can say is that this is another given opportunity to invest in bitcoin for those that miss or encountered the 2018 bearish market. The opportunity is been thrown at you now, to invest if you can

[Leviathan.007]

Op made a good point, the market is still bearish and there is not any valid reason to say the bearish phase is over because of that, some people are not happy and they are worried about the price because their asset is losing its price over and over, while the people who look for a profit are gathering and buying bitcoin right now because they know the market is giving them a discount to buy bitcoin on a cheaper price while other people are panic selling they can have a chance to buy more bitcoins.

[BALIK]

I will be happy if btc goes back to 2016! golden days, I would not make the same mistake again (it will never happen)  . Now is the right time to take the advantage of the discount price.

It would be a disaster for others who bought at a high price but for us, that is buying for bitcoin; then it would be gold! I will also not make my mistake again, whatever I will do to buy it. But based on what I saw and the experts' analysis, it's difficult to reach, as it is very low from today's price. We can still purchase it now, no matter if it's just a small value; at least we bought it, and it would accumulate over time.

You don't need to consult an expert, a return to the 2016 price level for bitcoin is highly unlikely. I don't think it's a good thing for bitcoin to fall that deep, it could be a market crash, the end of the market.

Bitcoin price in 2016 is under $1000 and if bitcoin falls to that level that would actually be worse than seeing it as an opportunity and I really don't believe people will buy despite what they are claiming. If you don't want to make the same mistake again, buying bitcoin at the current price is already an extremely cheap price, don't expect more because bitcoin is growing and getting bigger day by day, big drops are sometimes not good for bitcoin.

[doomloop]

It would be a disaster for others who bought at a high price but for us, that is buying for bitcoin; then it would be gold! I will also not make my mistake again, whatever I will do to buy it. But based on what I saw and the experts' analysis, it's difficult to reach, as it is very low from today's price. We can still purchase it now, no matter if it's just a small value; at least we bought it, and it would accumulate over time.

You don't need to consult an expert, a return to the 2016 price level for bitcoin is highly unlikely. I don't think it's a good thing for bitcoin to fall that deep, it could be a market crash, the end of the market.

Bitcoin price in 2016 is under $1000 and if bitcoin falls to that level that would actually be worse than seeing it as an opportunity and I really don't believe people will buy despite what they are claiming. If you don't want to make the same mistake again, buying bitcoin at the current price is already an extremely cheap price, don't expect more because bitcoin is growing and getting bigger day by day, big drops are sometimes not good for bitcoin.

I would, I really would, not just because it would be an insanely well investment, but because I like having bitcoins, as much as I possibly can, doesn't really matter if it doesn't end up being a good investment, I would still keep buying even if it dropped to 1 dollar, would be a novelty thing if nothing else.

You do not understand that there are people out there like me who would be involved with crypto world no matter what the price is, that’s not the aim for us, sure we love it when we profit from it, but even if we dont, as long as we are in the crypto world that is goo enough for us. That’s the type of people who would continue to buy no matter what the price is.

[r111]

I do not think we should be happy with decrease in bitcoin prices just because it allows us to buy more bitcoins. This is because of two reasons:

1)  If there is drastic fall in price of bitcoin, it will affect the trust of users on bitcoin. From 60k , now it is at 20k. How will it look like to a new investor. He will think that there is so much volatility and thus it is not a good thing. Thus it will make new investors go away from bitcoin and they will never invest in bitcoin. Bitcoin adoption will be affected because of this.

2) Let us now think of current investors. Current investors who have invested at high levels will also feel demotivated when they see drastic fall in price of bitcoin. They will also feel like quitting bitcoin investment and will leave this field for ever. It will also result in reduced bitcoin adoption thought the world.

1. Trust is in the community and does not need to be approved by anyone.
2. Current investors need to do more research on the philosophy of BTC mining and they are going to be very eager to invest and create wonderful things not just speculate their fiat with inequality

[Marvell1]

I do not think we should be happy with decrease in bitcoin prices just because it allows us to buy more bitcoins. This is because of two reasons:

1)  If there is drastic fall in price of bitcoin, it will affect the trust of users on bitcoin. From 60k , now it is at 20k. How will it look like to a new investor. He will think that there is so much volatility and thus it is not a good thing. Thus it will make new investors go away from bitcoin and they will never invest in bitcoin. Bitcoin adoption will be affected because of this.

2) Let us now think of current investors. Current investors who have invested at high levels will also feel demotivated when they see drastic fall in price of bitcoin. They will also feel like quitting bitcoin investment and will leave this field for ever. It will also result in reduced bitcoin adoption thought the world.

1. Trust is in the community and does not need to be approved by anyone.
2. Current investors need to do more research on the philosophy of BTC mining and they are going to be very eager to invest and create wonderful things not just speculate their fiat with inequality

You're right.

@krishnaverma: If you are not a believer in bitcoin then you can leave the market, as bitcoin does not need to keep people who have no belief in it as well. Those who don't have enough faith, those who don't try their best, don't deserve the rewards. Bitcoin is just a vehicle, price movements are caused by human behavior, and you cannot expect everyone to win in the market. Money cannot be created by itself, it is transferred from the weak hand to the diamond hand.

[Oasisman]

I do not think we should be happy with decrease in bitcoin prices just because it allows us to buy more bitcoins. This is because of two reasons:

1)  If there is drastic fall in price of bitcoin, it will affect the trust of users on bitcoin. From 60k , now it is at 20k. How will it look like to a new investor. He will think that there is so much volatility and thus it is not a good thing. Thus it will make new investors go away from bitcoin and they will never invest in bitcoin. Bitcoin adoption will be affected because of this.

2) Let us now think of current investors. Current investors who have invested at high levels will also feel demotivated when they see drastic fall in price of bitcoin. They will also feel like quitting bitcoin investment and will leave this field for ever. It will also result in reduced bitcoin adoption thought the world.

Weak hands mentality. This also explains why  these investors you mentioned remains an investor who did not even experience how to have a pretty good profit.
Did the investors in 2018 felt demotivated when Btc fell almost  on the level of $2k after it peaked in 2017 at $19k?
As far as I am aware of, Bitcoin continued to have adoption globally regardless of how it's priced.

When you look at Bitcoin's historical data and understand it thoroughly, it would probably going to change your mindset and motivate you to buy during the dip.

[len01]

Well, as for me, I am wishing that BTC can go back to the time when it was just $1 so I can buy a thousand and then sell them at $20K at the very least...that could made me so rich since I am just residing in a poor country (though a very beautiful one). But at the back of my mind...when that can come true maybe BTC is already worthless just like what we are seeing with FTT right now due to the debacles orchestrated by SBF. Anyway, no one can really predict where Bitcoin is going...so maybe this can be the best time to buy some hoping that dipping will not further dip.

Looks like you regretted that when the bitcoin price was $1 you didn't know about bitcoin.
You shouldn't expect the price of BTC to go back in time and what you should see right now is that the current bitcoin price is much cheaper than $60k before and let's just say that the current price is as cheap as $1 bitcoin used to be. so you don't have to hope that bitcoin will return to the past if even now bitcoin is on a big discount and your chance to have more.

I do not think we should be happy with decrease in bitcoin prices just because it allows us to buy more bitcoins. This is because of two reasons:

1)  If there is drastic fall in price of bitcoin, it will affect the trust of users on bitcoin. From 60k , now it is at 20k. How will it look like to a new investor. He will think that there is so much volatility and thus it is not a good thing. Thus it will make new investors go away from bitcoin and they will never invest in bitcoin. Bitcoin adoption will be affected because of this.

2) Let us now think of current investors. Current investors who have invested at high levels will also feel demotivated when they see drastic fall in price of bitcoin. They will also feel like quitting bitcoin investment and will leave this field for ever. It will also result in reduced bitcoin adoption thought the world.

What I do know is that if any existing or new investor wants to invest in bitcoin, they will not lose faith in bitcoin no matter what the circumstances.
because every investor already has a bitcoin track record analysis so far, always giving the best price in the future. so that no matter what happens to the bitcoin price, investors will never panic, regret, or lose faith in bitcoin

[Ummarr]

Well bringing back bitcoin is very important to the society youth are benefiting from it..
I made a mistake in 2018, when I was introduced to bitcoin and I didn't take it seriouse buh now I'll not make that mistake again.

[isaac_clarke22]

~

Yeah, I am not sure what the user you quoted is talking about. Wouldn't the 64k ATH back then make the investor wait for the price to at least go down so that they can now buy for themselves? If I was just a newbie, I would have done the same. Newer investors would be hella having a great time once they get their Bitcoin now and surely if those who do not have that much money had managed as well if Bitcoin even goes down further would have a great time as well.

Current investors would just like "sleep on the market" if they do not have more to invest, unless they invested something that they were not supposed to invest which is a common mistake for investors these days smh.

[Blawpaw]

Thank you for driving away all the sellers of smoke and speculators. Thank you for demonstrating the reality of a market that is for all the voiceless in the world. You must be happy, you got your big fiat reward after speculating with BTC. Thanks to all who made this technically possible, those who maintain the network and who have created wonderful things these last 4 years. They worked twice as hard thinking btc would get to 100k (not saying it won't get there) you have left us wonderful things for crypto.

I hope it goes down even more, how happy I am every time I will be able to get some btc at a fair price.

A lot of people believe we are walking through the bottom. One thing is for sure, Bitcoin is pretty undervalued and this may well be the best time to buy and a good entry point for new blood to get into the bandwagon.

There are some who say that this will be a rough bear market and probably the longest one, but from what we know about Bitcoin the next super cycle could be just around the corner, and once it starts, we may see way higher than 100k

[fennic]

Thank you for driving away all the sellers of smoke and speculators. Thank you for demonstrating the reality of a market that is for all the voiceless in the world. You must be happy, you got your big fiat reward after speculating with BTC. Thanks to all who made this technically possible, those who maintain the network and who have created wonderful things these last 4 years. They worked twice as hard thinking btc would get to 100k (not saying it won't get there) you have left us wonderful things for crypto.

I hope it goes down even more, how happy I am every time I will be able to get some btc at a fair price.

You are applauding, I do not know but people are affraid because a lot of people have bought Bitcoin Over 30k to 40k dollars and that's why fear and greed level is too much low. It means that very less people will buy Bitcoin at lower rate and later when btc might go above 100k dollars than these people will cry.

[Inwestour]

Weak hands mentality. This also explains why  these investors you mentioned remains an investor who did not even experience how to have a pretty good profit.
Did the investors in 2018 felt demotivated when Btc fell almost  on the level of $2k after it peaked in 2017 at $19k?
As far as I am aware of, Bitcoin continued to have adoption globally regardless of how it's priced.

When you look at Bitcoin's historical data and understand it thoroughly, it would probably going to change your mindset and motivate you to buy during the dip.

This is how it should be, but the lower the price falls, the greater our fear becomes. And in this situation, we understand that cyclicality for bitcoin is normal, but I also think everyone can agree that nothing can last forever, at some point everything can change, and the usual order of things will become different. I believe in growth, I believe that a new bull market will come, but this does not make me less doubtful than other people, but I continue to buy and believe.

[sulendra12]

I hope it goes down even more, how happy I am every time I will be able to get some btc at a fair price.

2018 would be a down for some us despite the huge price drops until late 2020. But for those who is still holding it from the price crash 2018 until today then I got a mad respect for you.
But as for today, I'm doing DCA as I don't want to do any hassle to think for now due to real life problems so I think if the price drops even more then it would be better for some people to grab more Bitcoin to your bag. But as for DCA strategies, it doesn't affect but it will add up in the future once you are ready to withdraw it.

[r111]

I hope it goes down even more, how happy I am every time I will be able to get some btc at a fair price.

2018 would be a down for some us despite the huge price drops until late 2020. But for those who is still holding it from the price crash 2018 until today then I got a mad respect for you.
But as for today, I'm doing DCA as I don't want to do any hassle to think for now due to real life problems so I think if the price drops even more then it would be better for some people to grab more Bitcoin to your bag. But as for DCA strategies, it doesn't affect but it will add up in the future once you are ready to withdraw it.

bitcoin is sending a big message to the world, but investors are fixated solely on price

[stomachgrowls]

I hope it goes down even more, how happy I am every time I will be able to get some btc at a fair price.

2018 would be a down for some us despite the huge price drops until late 2020. But for those who is still holding it from the price crash 2018 until today then I got a mad respect for you.
But as for today, I'm doing DCA as I don't want to do any hassle to think for now due to real life problems so I think if the price drops even more then it would be better for some people to grab more Bitcoin to your bag. But as for DCA strategies, it doesn't affect but it will add up in the future once you are ready to withdraw it.

Not all does have the money to buy this is why its really that they are minding that much on where they would be entering on such price.Yes, some are really that thankful on seeing these prices once again.

Yes, its really that good to enter with these prices which are really that in likes in 2018.We dont know if we would really be reaching out those previous ATH's that we do have on after years.

For now, even myself isnt really that too much confident because im expecting that it would really be that much lower, but i had already secured out some buys
within these levels.

[Ahli38]

the decline in BTC is indeed a joy for those who are still in accumulation mode. I have been accumulating gradually since the price was still above $20K USD. However, because it uses gradual accumulation of DCA each decrease. so that the average value of my purchases becomes relatively lower.
The decline in bitcoin this time has indeed had a positive impact on small investors who want to enter to invest in bitcoin from a price that is not too high.

A bow arrow will fly quickly if we first pull it backwards with a strong pressure from the bowstring. the tighter we pull back. the faster the arrows shot. BTC is now in square off mode before sprinting. more and more people are interested in bitcoin. as evidenced by the number of holders which continues to grow every day. the whales may come out partially. but the small fish then flocked to replace.

before a tsunami occurs, the sea water will recede first.

[Ale88]

I hope it goes down even more, how happy I am every time I will be able to get some btc at a fair price.

Personally I think this is already a great price to start buying some bitcoins. It may go down even more of course, it depends if you are willing to take the risk and wait hoping it'll happen. Another important thing is to actually have a value in mind and placing the orders.

[laurenB7742]

...

I hope it goes down even more, how happy I am every time I will be able to get some btc at a fair price.

I don't know how many other people think like me and the OP, but I really want this to happen. The bitcoin drop is more of an opportunity for me than a fear. I'm not afraid of bitcoin falling more, what I'm afraid of is that I don't have enough money to buy them. Perhaps I'm a bit greedy to want to own a lot of bitcoins, but to make a good profit, we need to buy at the lowest price and sell at the high price. So I expect bitcoin to drop much more in 2023, and it will be great if bitcoin drops below 10k.