[2022-12-14] BTC bear market 70% dip kills BTC ‘tourists’ as metric screams buy

[Kakmakr]

https://cointelegraph.com/news/bitcoin-bear-market-70-dip-kills-btc-tourists-as-metric-screams-buy

“Euphoria from bitcoin tourists has now been completely destroyed,” Swift commented.

He added that under such circumstances, the risk-reward (R:R) ratio for investing is at its most attractive, based on historical trends from RHODL Waves.

So to simply it..... "Buy the Dip and profit Big" 

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[AliErkic]

Bitcointourist or Cryptotourist from speculation section?

And I didn't know how a bear market dip can "kill" someone. Maybe it will result in a big loss of funds or erase some unrealized profits but "kill"? Seriously??

[Kakmakr]

Bitcointourist or Cryptotourist from speculation section?

And I didn't know how a bear market dip can "kill" someone. Maybe it will result in a big loss of funds or erase some unrealized profits but "kill"? Seriously??

So what it actually means is this.....

The Bitcoin tourists are those speculators that hang around Bitcoin, when the price are high. A lot of those people left the market, because a 70% dip in the price...signaled to them that Bitcoin is failing.  

The long-term Bitcoin enthusiasts know better...and they see the DIP as a trigger to buy more bitcoins. They have seen the Bitcoin price dip like this before and then the recovery period to a new "all time high" price.... so they know it is the best time to buy, when the price dip with 70%  

[cr1776]

Bitcointourist or Cryptotourist from speculation section?

And I didn't know how a bear market dip can "kill" someone. Maybe it will result in a big loss of funds or erase some unrealized profits but "kill"? Seriously??

So what it actually means is this.....

The Bitcoin tourists are those speculators that hang around Bitcoin, when the price are high. A lot of those people left the market, because a 70% dip in the price...signaled to them that Bitcoin is failing.  

The long-term Bitcoin enthusiasts know better...and they see the DIP as a trigger to buy more bitcoins. They have seen the Bitcoin price dip like this before and then the recovery period to a new "all time high" price.... so they know it is the best time to buy, when the price dip with 70%  

Ah, so the "tourists" are people looking to make a quick buck who haven't paid enough attention to know that BTC goes up and down.  In other words short term speculators who think "long term" is a few days  and "short term" is a few minutes.  lol.   Market timing is a gamble.  As you say, one sure way to have done well was to just buy a dip and then leave it for a few years. 

[bbc.reporter]

@cr1776. Do not make a mockery of them. Agreed that the tourists are those who want to make a quick buck but who ended being the buyers from the sellers who wanted to exit from the market hehehe. However, we should be thankful and also encourage to have more tourists next time because they are those happy buyers during the bubble before the bubble pop. Also, bitcoin cannot pump to a new all time high without tourists.