what a surprise dip

[cryptomaniac_xxx]

Yes what a surprise dip already, some of the things we all speculated in the previous month didn't happen, some of us said Bitcoin will hit $30k, $40k or even $50k but here 1st of September 2023  and the price has dipped from $30k to $25k and I feels that the price will still dip below this same amount but maybe before the end of the month of this September I believes that the price of Bitcoin will rise up again to maybe above $30k to $35k.

Actually we have bounce back from $25k to $27k after that huge dip because of the good news about Grayscale winning their case against SEC. But now we had another pull back as Bitwise withdraws their Bitcoin ETF application.

So we will see how deep this nose dive again, we are in the $25,700k'ish, so it really looks very bad at the start of the year. I'm expecting that the last quarter will be very bullish for us but I guess I'm wrong here. There are a lot of unexpected move, so just be patience and continue to accumulate BTC.

[Aanuoluwatofunmi]

Yes what a surprise dip already, some of the things we all speculated in the previous month didn't happen, some of us said Bitcoin will hit $30k, $40k or even $50k but here 1st of September 2023  and the price has dipped from $30k to $25k and I feels that the price will still dip below this same amount but maybe before the end of the month of this September I believes that the price of Bitcoin will rise up again to maybe above $30k to $35k.

Actually we have bounce back from $25k to $27k after that huge dip because of the good news about Grayscale winning their case against SEC. But now we had another pull back as Bitwise withdraws their Bitcoin ETF application.

So we will see how deep this nose dive again, we are in the $25,700k'ish, so it really looks very bad at the start of the year. I'm expecting that the last quarter will be very bullish for us but I guess I'm wrong here. There are a lot of unexpected move, so just be patience and continue to accumulate BTC.

I don't know if the ETF approval decision or not is playing a serious push on the market price these days, this could mean that if any other institution make their application then probably we may also have more impact on the market, but as to the withdrawal on the application, I don't really believe this could cause more dip to the market when we still have other giant applications awaiting response on approval, but let see what can cause the more future rise in the market maybe it could still be from the ETF approval, application or withdrawal.

[CageMabok]

Yes what a surprise dip already, some of the things we all speculated in the previous month didn't happen, some of us said Bitcoin will hit $30k, $40k or even $50k but here 1st of September 2023  and the price has dipped from $30k to $25k and I feels that the price will still dip below this same amount but maybe before the end of the month of this September I believes that the price of Bitcoin will rise up again to maybe above $30k to $35k.

The price level that is often seen in the market is still not much different even though every month there is always an increase and decrease in the price of Bitcoin and in general I am still very confident that the price of Bitcoin will return to the $30K level and could be more than that even if it is not to $35 K in the near future. Because we also have to see how much encouragement Bitcoin can get this month through several news and events that have previously occurred and can influence the price of Bitcoin in the market.

[AakZaki]

Such people can be called experienced. But they are a small part of the market. In general, when prices collapse seriously, people panic, which is why there is a collapse, when everything is sold. Only a small part of people who are sure that everything will be fine in the future buy. That is why you should never sell because of panic, but on the contrary, you should have money to buy.

Those who sell out of panic don't have any strategy, they just buy and sell to make a profit. But when the price drops below their purchase, they panic and stupidly sell at a loss. Don't you have to hold or buy gradually to get a profit? a surprising decline is one that must be overcome, having a reserve of money will be very helpful and therefore financial management is very necessary. No trader is successful overnight, everything requires a process and strategy. Those who panic will just leave and never come back.

[WatChe]

Those who sell out of panic don't have any strategy, they just buy and sell to make a profit. But when the price drops below their purchase, they panic and stupidly sell at a loss. Don't you have to hold or buy gradually to get a profit? a surprising decline is one that must be overcome, having a reserve of money will be very helpful and therefore financial management is very necessary. No trader is successful overnight, everything requires a process and strategy. Those who panic will just leave and never come back.

You need to have strong nerves to have success in crypto market as this market moves haphazardly all the time. We saw few ups and down in bitcoin price during last 10 days and many people are speculating that price will go further down. We need to have firm faith in Bitcoin and don't pay much attention to FUD spread during these days. Bitcoin price is going no where and such ups and downs are normal.

[flyingcarpet]

Such people can be called experienced. But they are a small part of the market. In general, when prices collapse seriously, people panic, which is why there is a collapse, when everything is sold. Only a small part of people who are sure that everything will be fine in the future buy. That is why you should never sell because of panic, but on the contrary, you should have money to buy.

Those who sell out of panic don't have any strategy, they just buy and sell to make a profit. But when the price drops below their purchase, they panic and stupidly sell at a loss. Don't you have to hold or buy gradually to get a profit? a surprising decline is one that must be overcome, having a reserve of money will be very helpful and therefore financial management is very necessary. No trader is successful overnight, everything requires a process and strategy. Those who panic will just leave and never come back.

Sometimes you may need money and then you may need to sell Bitcoin. Except in such a case, it is a wrong decision to sell if the price of bitcoin is below the price you bought. We must learn to wait in this market and to trade when the time comes.

When you panic and sell when the market is falling, you want the price to drop more. Sometimes it can be like this, but after every drop in Bitcoin, the price increases. At the very least, selling by paying attention to support and resistance can reduce some of your losses.

[Yamifoud]

Sometimes you may need money and then you may need to sell Bitcoin. Except in such a case, it is a wrong decision to sell if the price of bitcoin is below the price you bought. We must learn to wait in this market and to trade when the time comes.

You can unless you have another source of income but for those who have not and see selling their Bitcoin as the last option, we can't hold them back. This is what happens to some holders, they're selling not because they are panicking but because of some emergencies and they are badly in need of money.

When you panic and sell when the market is falling, you want the price to drop more. Sometimes it can be like this, but after every drop in Bitcoin, the price increases. At the very least, selling by paying attention to support and resistance can reduce some of your losses.

When there is a huge selling volume, it will badly affect the price a reason why we can see an instant drop in prices. But if we absolutely trust Bitcoin, I don't think it will come to this point -panicking instead, we remain calm and ignore the dump because we believe that it has risen again.

[EFS]

When you spend enough time in this market, nothing comes as a surprise to you. Bitcoin has now fallen back to places that are said to never go below this price. Just when it was said that we are entering the bull market, it experienced decreases. These shouldn't be surprising. The market manipulates the emotions of the small investor, forcing them to sell their holdings. As soon as people are filled with hope, the market can collapse. On the contrary, it can rise when they are most desperate.
If there's one thing I know, don't trust anyone's price estimation. Don't invest the money you need in short term. As long as you don't sell, you're not at a loss. As long as these basic rules are followed, you will be comfortable.

[cryptomaniac_xxx]

Yes what a surprise dip already, some of the things we all speculated in the previous month didn't happen, some of us said Bitcoin will hit $30k, $40k or even $50k but here 1st of September 2023  and the price has dipped from $30k to $25k and I feels that the price will still dip below this same amount but maybe before the end of the month of this September I believes that the price of Bitcoin will rise up again to maybe above $30k to $35k.

Actually we have bounce back from $25k to $27k after that huge dip because of the good news about Grayscale winning their case against SEC. But now we had another pull back as Bitwise withdraws their Bitcoin ETF application.

So we will see how deep this nose dive again, we are in the $25,700k'ish, so it really looks very bad at the start of the year. I'm expecting that the last quarter will be very bullish for us but I guess I'm wrong here. There are a lot of unexpected move, so just be patience and continue to accumulate BTC.

I don't know if the ETF approval decision or not is playing a serious push on the market price these days, this could mean that if any other institution make their application then probably we may also have more impact on the market, but as to the withdrawal on the application, I don't really believe this could cause more dip to the market when we still have other giant applications awaiting response on approval, but let see what can cause the more future rise in the market maybe it could still be from the ETF approval, application or withdrawal.

I said that because it coincides with the recent increased in the price of bitcoin, from $25k to $27k when the news come out. But then when there is news about Bitwise withdrawing their application, the opposite happens, so it goes from $27k-$25k.

You can look at the price movement and the said date of the news being released to the public. So I'm not making it up, everything is up there. That's why I make the conclusion that they could have tied somewhat to the price decline or increase.

[karabiber]

Yes what a surprise dip already, some of the things we all speculated in the previous month didn't happen, some of us said Bitcoin will hit $30k, $40k or even $50k but here 1st of September 2023  and the price has dipped from $30k to $25k and I feels that the price will still dip below this same amount but maybe before the end of the month of this September I believes that the price of Bitcoin will rise up again to maybe above $30k to $35k.

The market is used to plenty of money but if the United States does not start pumping dollars into the market, Btc will spend time in the negative. The $25,800 band is important but if the closes below it continue, worse scenarios may occur towards the $22k-$23k levels. Meanwhile, while the average trading volume in the cryptocurrency markets has fallen to very low levels of 20 Billion Dolar, the risk appetite has decreased significantly, preventing volatile movements but when the interest rate policy of the United States and the statements that will stimulate the market come, Btc will set off towards new records. For now, we are facing a really boring market. Whoever can withstand the market's intimidation will emerge victorious.

[doomloop]

Yes what a surprise dip already, some of the things we all speculated in the previous month didn't happen, some of us said Bitcoin will hit $30k, $40k or even $50k but here 1st of September 2023  and the price has dipped from $30k to $25k and I feels that the price will still dip below this same amount but maybe before the end of the month of this September I believes that the price of Bitcoin will rise up again to maybe above $30k to $35k.

What makes you think that the market will recover this soon and the price of Bitcoin will reach $35k within this month? I don't really see any signs of that at the moment because there isn't a lot of volume pouring in which would push the price forward. There is only one way that can make this happen in such a short period of time, and that is a couple of good news roaming around giving retail investors some confidence so that they don't panic sell their assets.

I don't expect the market to recover this soon, even if it does, it will barely go around $30k within September because the price might dip a little more from here and that will make it more difficult for it to recover and we have seen that happening just last year when it took a lot of time recovering from $18k to $30k.

[AakZaki]

Sometimes you may need money and then you may need to sell Bitcoin. Except in such a case, it is a wrong decision to sell if the price of bitcoin is below the price you bought. We must learn to wait in this market and to trade when the time comes.

When you panic and sell when the market is falling, you want the price to drop more. Sometimes it can be like this, but after every drop in Bitcoin, the price increases. At the very least, selling by paying attention to support and resistance can reduce some of your losses.

So we must distinguish between money for personal needs and money for investment or trading needs. Not distinguishing between the two will affect when you start holding, money that should be used for long-term investment will be forced to cut losses to meet personal needs.
Buying and selling based on support and resistance is highly recommended and also pay attention to where your target is to start selling and buying using the DCA strategy,

[fzkto]

Sometimes you may need money and then you may need to sell Bitcoin. Except in such a case, it is a wrong decision to sell if the price of bitcoin is below the price you bought. We must learn to wait in this market and to trade when the time comes.

When you panic and sell when the market is falling, you want the price to drop more. Sometimes it can be like this, but after every drop in Bitcoin, the price increases. At the very least, selling by paying attention to support and resistance can reduce some of your losses.

So we must distinguish between money for personal needs and money for investment or trading needs. Not distinguishing between the two will affect when you start holding, money that should be used for long-term investment will be forced to cut losses to meet personal needs.
Buying and selling based on support and resistance is highly recommended and also pay attention to where your target is to start selling and buying using the DCA strategy,

There is another good advice to avoid losing money. You should always invest only the amount that you do not need in an emergency, i.e. your spare money that you are prepared to forget about for a long time. If you invest money that you need, but you think you will get a quick profit, then this idea will fail.

[GeorgeJohn]

There is another good advice to avoid losing money. You should always invest only the amount that you do not need in an emergency, i.e. your spare money that you are prepared to forget about for a long time. If you invest money that you need, but you think you will get a quick profit, then this idea will fail.

Actually you are on point because their one thing I understand in cryptocurrency investment, with what I'm seeing in cryptocurrency I believe that bitcoin have it's ways to follow, so I believe that bitcoin having it way doesn't mean that investing in bitcoin you should use all your savings to invest in bitcoin, this is a cryptocurrency and it's a virtual money and during the investment anything can happen you might end up in losing or gaining, so therefore I do encourage new investors who has not gather much experience in cryptocurrency investment to use their spare money for their investment.

[bestcoins1]

There is another good advice to avoid losing money. You should always invest only the amount that you do not need in an emergency, i.e. your spare money that you are prepared to forget about for a long time. If you invest money that you need, but you think you will get a quick profit, then this idea will fail.

Actually, it is not the failure of the idea but the level of pressure that will be felt by someone who uses the money because basically the money is intended for other needs that he must fulfill in his life. So the thing about using money that can be forgotten for a long time when investing is the meaning of money that is not used at all for other needs so that there are no obstacles or anything that can interfere with living with that money. Although in general this money should also be considered important because it has been used as basic capital for investment.

[lixer]

There is another good advice to avoid losing money. You should always invest only the amount that you do not need in an emergency, i.e. your spare money that you are prepared to forget about for a long time. If you invest money that you need, but you think you will get a quick profit, then this idea will fail.

Actually you are on point because their one thing I understand in cryptocurrency investment, with what I'm seeing in cryptocurrency I believe that bitcoin have it's ways to follow, so I believe that bitcoin having it way doesn't mean that investing in bitcoin you should use all your savings to invest in bitcoin, this is a cryptocurrency and it's a virtual money and during the investment anything can happen you might end up in losing or gaining, so therefore I do encourage new investors who has not gather much experience in cryptocurrency investment to use their spare money for their investment.

Well, one might not lose their investment if they have invested in Bitcoin even if the market crashes but their investment will surely lose value and they won't be able to sell their assets back to cash it out because it will be in loss and one would obviously not want to sell them at a loss. This is the main reason why it is not recommended to use money that you might need urgently since once they get stuck, it might take years for them to release.

Those who invest money that they don't need anytime soon can always wait for them to get profitable even if it takes 2 years or more because we know that a bear market sometimes takes a lot of time. In the current cycle, it took around 2 years or maybe more before we could see some recovery.

[STT]

BTC price right now is below the Feb 13th peak so it is challenging prior highs and so resistance and support that has been useful so far to maintaining prices.   25306 was the peak price on that date and its a couple hundred below that now.   Theres no solid absolute line to define the support, it will vary where the volume was at that time but it impacts on perceptions.   Holding this area is very relevant to the bullish pattern some take in 2023 being true.
  Actually its true at the start of this thread, mid August we did also challenge this area and recover upwards a bit.  To pull this far is further revision and its worth considering the breadth of this thread in the time and volume put into BTC while its been existence did we gain some stability in this area or we more certain to fail below this price first tested almost 4 weeks ago.
  Almost this entire time of near a month a tight range was kept 25500 to 26500 and its below that now, also end Aug it challenged upwards and reverted.  Markets are up today and ok recently imo however Dollar itself as an index to other FIAT has improved some, not significantly only 1%.  I think sideways is my only conclusion, if we leave and break range more of a conclusion can be drawn. 

[rachael9385]

There is another good advice to avoid losing money. You should always invest only the amount that you do not need in an emergency, i.e. your spare money that you are prepared to forget about for a long time. If you invest money that you need, but you think you will get a quick profit, then this idea will fail.

Actually you are on point because their one thing I understand in cryptocurrency investment, with what I'm seeing in cryptocurrency I believe that bitcoin have it's ways to follow, so I believe that bitcoin having it way doesn't mean that investing in bitcoin you should use all your savings to invest in bitcoin, this is a cryptocurrency and it's a virtual money and during the investment anything can happen you might end up in losing or gaining, so therefore I do encourage new investors who has not gather much experience in cryptocurrency investment to use their spare money for their investment.

Yes @George_john, you are correct, Bitcoin has its own ways and the ways of Bitcoin no body knows because it is a secret that nobody knows about even the government doesn't know at all. As an investor we are today, we are hoping that the ways of Bitcoin should favour us more, especially to those who have hold and accumulated for a very long time now, it is a very good idea for all new investors to invest with the little money that they can afford to lose so that if the investment doesn't go well as it was plannwd by them, they will not regret it.
Also, every newcomer to the crypto world should know that Bitcoin has a very good purpose in the society, Bitcoin is not permitted in some areas but still it is make a very big name through the help of a p2p transactions.
Moreover as a newcomer in the crypto world you should not totally depend on crypto currency, it has reasons.

[GeorgeJohn]

There is another good advice to avoid losing money. You should always invest only the amount that you do not need in an emergency, i.e. your spare money that you are prepared to forget about for a long time. If you invest money that you need, but you think you will get a quick profit, then this idea will fail.

Actually you are on point because their one thing I understand in cryptocurrency investment, with what I'm seeing in cryptocurrency I believe that bitcoin have it's ways to follow, so I believe that bitcoin having it way doesn't mean that investing in bitcoin you should use all your savings to invest in bitcoin, this is a cryptocurrency and it's a virtual money and during the investment anything can happen you might end up in losing or gaining, so therefore I do encourage new investors who has not gather much experience in cryptocurrency investment to use their spare money for their investment.

Well, one might not lose their investment if they have invested in Bitcoin even if the market crashes but their investment will surely lose value and they won't be able to sell their assets back to cash it out because it will be in loss and one would obviously not want to sell them at a loss. This is the main reason why it is not recommended to use money that you might need urgently since once they get stuck, it might take years for them to release.

Those who invest money that they don't need anytime soon can always wait for them to get profitable even if it takes 2 years or more because we know that a bear market sometimes takes a lot of time. In the current cycle, it took around 2 years or maybe more before we could see some recovery.

In a normal circumstances it's not fair and encouraging for someone to use all his or her earn or savings to invest in cryptocurrency, because one of the major reasons while some people doesn't invest withdraw or panic to withdraw their investment money is as result of what they feel like, because they instinct do tell them that investing in bitcoin two things are involved and they should not allow the negative side of the investment to meet up with them, and that's while so many of them rash to cash out their investment, so investment in bitcoin you have to ensure that you use your spare money that will not bother no matter how long the investment may last.

[Yaunfitda]

Sometimes you may need money and then you may need to sell Bitcoin. Except in such a case, it is a wrong decision to sell if the price of bitcoin is below the price you bought. We must learn to wait in this market and to trade when the time comes.

When you panic and sell when the market is falling, you want the price to drop more. Sometimes it can be like this, but after every drop in Bitcoin, the price increases. At the very least, selling by paying attention to support and resistance can reduce some of your losses.

So we must distinguish between money for personal needs and money for investment or trading needs. Not distinguishing between the two will affect when you start holding, money that should be used for long-term investment will be forced to cut losses to meet personal needs.
Buying and selling based on support and resistance is highly recommended and also pay attention to where your target is to start selling and buying using the DCA strategy,

Of course, smart investors knows this, not saying that everyone here is not that good or what, but if we have been in this situation before, we all know that we could step aside some money for investment in crypto that we are not going to touch for a long time and at the same time, we have money at a side that we used like everyday.

So in crypto investment, we really have to think on how we are going to approach everything so that we can stay here for a long time. And also the experience that we gain will also give us some edge as well, in my opinion.