Bitcoin has never pass ATH before halving but it has always dip don't panic.

[firstdeathstar]

For me I consider Bitcoin an opportunity for long term investment, storing it for my son. I keep buying, never selling. For me BTC is not tradable. I have other assets to trade off.

[peter0425]

Bitcoin dip below $40,000 yesterday which most people thought was going to be the support or lowest price of the market as we were all bullish after Bitcoin ETF got approval from the security & exchange commission. The price of Bitcoin has recovered to trading above $40,000 but it might dip again therefore I'm writing this thread to advice the forum members not to panic. I haven't been too long in the industry as I started my journey recently but during my research and comparing Bitcoin prices before and after the halving, I noticed Bitcoin has never crossed the ATH before the halving but many people are thinking it'll do that this year rather I noticed that it always dips before the halving and that what is happening to the market therefore we shouldn't not be alarmed, this is what happens always from the history of Bitcoin and history always repeats in the market. Lets be guided and don't lose faith as the market is only dipping not crashing.

It is good that you admitted to be new in crypto because what you have told us here is already in the table for many years, it is indeed that never that bitcoin crossed ATH before halving but also remember that we have not experienced ETF before those years so that is the reason but now that we have already approved ETF there are different scenario that may take place.

This isn't a crash, this has nothing to do with the halving. Read the news people.

Lot's of people are selling and redistributing. This money will come back in via ETF, but slowly. Big boys move slow.

it already shows now as  bitcoin recovered to 40k again after falling to 38k , if this will continue then you'll get the best result any time soon , yet still we might not see ATH before halving.

[adaseb]

Yeah it seems everyday there is $500M worth of outflows from GBTC and another issue is that MtGox is going to start sending bitcoins finally to the debtors.

So most likely the next few months will be bearish or sideways. Eventually the inflows to the other etfs are going to get smaller and smaller. So it’s possible we might see the low $30Ks before the halving and maybe towards the year we might get closer to ATHs.

[Samlucky O]

Frankly, I feel that the shock comes from the fact that everyone was expecting the price to rise after the news of the ETF getting approval, or that the price would collapse if that approval was not obtained, but what happened is that the approval was obtained, and yet the price did not rise. The shock is more psychological than an analysis of the price.

You are actually correct. The scenerio is just like "what I ordered vs what I get in return" people never expect the price of Bitcoin to dip This low after ETF approval. I am also overwhelmed and astonished because I felt after the approval that Bitcoin price will skyrocket. But seeing the price dip makes me think that Bitcoin journey is unpredictable and mysterious. Not what people feels or prdict that always give them %100 accuracy but give rise to at least %50 in absumbtion. But anyways the dip gives an opportunity for people to buy and accumulate more. People who feel that Bitcoin price was becoming too expensive could buy now because after now I think the price will move drastically uptrend. someone who can be able to afford 3 or 4btc and above, now that it's deep could make a profit of about $24k when the price will increase to $45k. For example you baugh like 4btc at the rate of $39k each that is $39k * 4=$156k. When the price goes up to $45k each it will be $45k*4=$180k. If you subtract $180k-$156k=$24k. So it's another opportunity for the whales to make more profit.

[rodskee]

For me I consider Bitcoin an opportunity for long term investment, storing it for my son. I keep buying, never selling. For me BTC is not tradable. I have other assets to trade off.

If that is your sole target then indeed that you are good parent and also your Son will  gather
all your crypto assets in the future when it surely accepted by the world so Can't wait to see you succeed
like what we are all facing.

About OP's post indeed that we only have to trust  the process and yeah bitcoin is just 
experiencing correction and small dumping that we must not  be worrying , each halving brings dumping
to bitcoin market.

[bitterguy28]

Bitcoin dip below $40,000 yesterday which most people thought was going to be the support or lowest price of the market as we were all bullish after Bitcoin ETF got approval from the security & exchange commission. The price of Bitcoin has recovered to trading above $40,000 but it might dip again therefore I'm writing this thread to advice the forum members not to panic. I haven't been too long in the industry as I started my journey recently but during my research and comparing Bitcoin prices before and after the halving, I noticed Bitcoin has never crossed the ATH before the halving but many people are thinking it'll do that this year rather I noticed that it always dips before the halving and that what is happening to the market therefore we shouldn't not be alarmed, this is what happens always from the history of Bitcoin and history always repeats in the market. Lets be guided and don't lose faith as the market is only dipping not crashing.

I have seen 2  halving already and yes this is a normal scenarios to expect dumping before or just after halving so indeed that we only need to deal with it in short period of time most specially now that we also have other flavor and that is the approval of Bitcoin spot ETF and with all those we might see or witnessed different approach from the market when bull market comes.

This isn't a crash, this has nothing to do with the halving. Read the news people.

Lot's of people are selling and redistributing. This money will come back in via ETF, but slowly. Big boys move slow.

thanks for sharing this and clearing that this is not crashing and indeed because the market now seems recovering and look we now stands 40k again.

https://coinmarketcap.com/currencies/bitcoin/

be ready to what will come in the next coming days.

[Outhue]

@Hugeblack is right, everyone thought that ETF will make Bitcoin reach a new all time high liken ever before, breaking its past price actions in every circle, all because of the ETF approval, I was like isn't this too much to ask for?

Now that this isn't happening many people feel bad, there is a saying that when the hordes follows left you must take the right path because there is a huge chance that things wont go their way, I was expecting this crash anyway and it's more healthy and bullish for Bitcoin, the best time is almost here.

You guys should not feel too concern about this price action right now, take this as another opportunity to grab more Bitcoin before it's finally too late, there won't be anymore opportunity like this by the mid of this year, now is the time to buy.

[Richbased]

This is what I termed "necessary corrections" because had it been the price actually continue to skyrocket after spot Bitcoin ETFs were approved, then so many short term investors would have sold their coins thereby causing it's demand and supply to fall drastically. This correction is an opportunity for long-term investors to buy now that it's dipping because after this corrections have been made, the dip may not go any further but rather it would be rising gradually till the bull run starts.

 Though nobody believed that this dip would continue after spot Bitcoin ETFs were approved considering the speculations and predictions that the price would skyrocket if SEC approves ETFs but however, we should endure the dip and hodl the coins in our portfolios rather than selling with fear of further dipping because I don't see this dip going much further. Moreover, had it been the price continues to skyrocket and maybe surpassed the previous ATH before halving don't you think it would be an error?

[Luzin]

This is what I termed "necessary corrections" because had it been the price actually continue to skyrocket after spot Bitcoin ETFs were approved, then so many short term investors would have sold their coins thereby causing it's demand and supply to fall drastically. This correction is an opportunity for long-term investors to buy now that it's dipping because after this corrections have been made, the dip may not go any further but rather it would be rising gradually till the bull run starts.

This is called the saturation phase, where buyers stop. Conversely, and in this phase there is a lot of selling, there will be a price drop. This is normal in technical trading, it is bound to happen unless there is a Whale that can ruin the market. Besides, the history of halving is always almost the same. During the 2 periods I went through halving 2016 and 2020 ATH always occurred after Halving. It seems that this history is a reference for investors and traders to find the most appropriate moment to increase the number of coins they have. Although indeed the market is always different and difficult to guess exactly.

[Maus0728]

Oh, I'm not panicking. I wasn't expecting it to go wild as soon as the year began. I've been in crypto for quite some time already, I'm used to stuff like this. A calm mind is the key.

The current movement of bitcoin isn't that wild in my opinion, bitcoin went to much lower price than that in the past, the recent all-time high gap from the current price right now is so wide and didn't the drop last time when it reached that all-time high, the drop was much faster and more wild than many expected, I've seen some thinking that the drops were a way for the price to pump again but it didn't so yes, it's not that wild. And if you're not panicking then it shouldn't surprise you how "wild" the current price movement is right? But I guess, you can be chill and be surprised on the unexpected at the same time so carry on.

[Wakate]

This is what I termed "necessary corrections" because had it been the price actually continue to skyrocket after spot Bitcoin ETFs were approved, then so many short term investors would have sold their coins thereby causing it's demand and supply to fall drastically. This correction is an opportunity for long-term investors to buy now that it's dipping because after this corrections have been made, the dip may not go any further but rather it would be rising gradually till the bull run starts.

This is called the saturation phase, where buyers stop. Conversely, and in this phase there is a lot of selling, there will be a price drop. This is normal in technical trading, it is bound to happen unless there is a Whale that can ruin the market. Besides, the history of halving is always almost the same. During the 2 periods I went through halving 2016 and 2020 ATH always occurred after Halving. It seems that this history is a reference for investors and traders to find the most appropriate moment to increase the number of coins they have. Although indeed the market is always different and difficult to guess exactly.

We don't need to be surprised about what's happening in the market now, this is a way that would allow people that are not so strong as an holder to sell their holdings making them to lose there asset when the price of Bitcoin finally goes up. The ETF was not able to keep the price of Bitcoin up so we need to keep holding waiting for the arrival of the Bitcoin halving probably the price of Bitcoin would goes up. This is like a last opportunity for people that want to be a profitable holders to buy now that the price of Bitcoin is down so that they could make an earning from the market. It is not too late for us to buy now, the time is still there to buy at lower price.

[moneystery]

there is no need to worry when the price of bitcoin decreases when it approaches the halving, because it is a natural correction before the halving occurs. and what's more, the news about the bitcoin etf has passed, so more people are selling their bitcoins to make a profit, so that has affected the price of bitcoin in recent days. and because of this, there is no need to rush to sell your bitcoin because there is nothing to worry about. and conversely, today is the best day to increase your investment in bitcoin to be able to make a profit later.

[Abu-Naim]

Only people that think we are fully into bull run and think that the price will keep pumping without correction are the ones panicking to sell because they are into bitcoin investment for quick money and to go for long term investment. If they sell at lost, they are not part of the people that will enjoy long term investment profit.

No panic from me - even if Bitcoin falls down to $35k.

I havent bought any yet in this mini crash but will do once it falls below $40k.

We are only 3 months from halving , good times are coming.

Yes, there is no reason to panic even if the price of bitcoin drop below $30k because some people are hoping to buy more.

It will be a good one if you start investing from now because there is no guarantee that the price will drop to your expectation; DCA method will be a good one even if you don't have enough money to invest once.

[stompix]

I haven't been too long in the industry as I started my journey recently but during my research and comparing Bitcoin prices before and after the halving, I noticed Bitcoin has never crossed the ATH before the halving

Misleading and false as Bitcoin crossed that in November 2021 when it reached 67k compared to 63k in April.
So back to the drawing cope board!  

there is no need to worry when the price of bitcoin decreases when it approaches the halving, because it is a natural correction

What is a natural correction here?
Seriously people, what's NATURAL about this?
It's been 3 years since 67k, we had ton of adoption (at least on paper), thousands of investors, countries adopting it as legal tender or at legalizing it, and still were down 30% after 3 years of this growth!
So, again what's NATURAL in this correction? Cause I've never in my life heard of a thing gaining adoption and investment and losing 30% over 3 years of "growth".

Did some tank full of copium blow up and it's flowing anywhere while I', the only one that had the windows closed?

[Franctoshi]

Frankly, I feel that the shock comes from the fact that everyone was expecting the price to rise after the news of the ETF getting approval, or that the price would collapse if that approval was not obtained, but what happened is that the approval was obtained, and yet the price did not rise. The shock is more psychological than an analysis of the price.

In my opinion, the price would have reacted positively. Maybe we see Bitcoin move to claim the $50k level had the first tweet officially came from the SEC, and before we see price retrace downwards, but I kind of think that the SEC twisted the game with that tweet by coming back later to claim that it was not originally from them, and then later when the news officially came out to be that the ETF has finally been approved, plenty of investors already lost interest while some investors started playing the safe game, and the whole market were filled with FUD.

[franky1]

So, again what's NATURAL in this correction? Cause I've never in my life heard of a thing gaining adoption and investment and losing 30% over 3 years of "growth".

you do know the price is not meant to stay at ATH.
the correction is back down to value AFTER temporary post-halving pump to a temporary ATH

corrections in general are not to ath/ups.. but the opposite.. corrections are back down closer to value

as for you never seeing prices come down after a ATH
you might want to check after the 2011 ATH
you might want to check after the 2013 ATH
you might want to check after the 2017 ATH
you might want to check after the 2021 ATH

the new value per cycle is higher then last. but "value" are bottoms of periodic market cycles..

[Blitzboy]

The market is indeed dipping, not crashing.

Let me offer some financial insights from my years. Cryptocurrency prices reflect human sentiment, collective belief, and market dynamics. Our strength as a community is our capacity to stay grounded and believe throughout difficult times. Bitcoin is a revolutionary idea, and revolutionary ideas last.

The key is perspective. Viewing dips as opportunities rather than disappointments can change our investing mentality. Long-term thinking and patience are needed. I urge forum members to look beyond the chaos. Bitcoin's growing legitimacy and potential are marked by the Bitcoin ETF's approval. So, lets keep supporting Bitcoin. Every great journey has problems, and how we overcome them determines our success.

[spectre71]

If y'all  thought it was going to skyrocket the day of and shortly after ETF approval you are a fool. Big money moves slow.

Since most here walk around with blinders on not looking at anything else but, let me help you.

Here is some homework kiddo's.

-First week of trading BTC ETF's exceed that of silver! That's pretty f'n epic. That's winning but y'all focused on the number and not the big picture.

The day of ETF's started trading silver AND gold took a hit before the price fixers stepped in.

Look at the blip on jan 11th on both gold and silver and you can see it in the gold/silver ratio charts.

https://www.apmex.com/gold-price

There is alot of money is in flight and I bet some is coming our way.

Relax, read the news. Beware of echo chambers like here and social media, especially the youtube idiots. This dip has ZERO to do with the upcoming halving, nothing. Since the halving is emotional and not technical it's a great time to take peoples money which I am happy to do, suckers.

Kill your need for immediate gratification and the whining that ensues.

[3kpk3]

Honestly, I don't really give a damn about BTC reaching a new ATH because its current pricepoint is already optimal at the moment and I hope it stays or goes above this range in the future instead of sliding downwards.

Another thing that I give a damn about are BTC fees which aren't going back to normal thanks to crappy ordinals.

[stompix]

So, again what's NATURAL in this correction? Cause I've never in my life heard of a thing gaining adoption and investment and losing 30% over 3 years of "growth".

you do know the price is not meant to stay at ATH.
~
corrections in general are not to ath/ups.. but the opposite.. corrections are back down closer to value

Care to share one company shares, one commodity, one everything that followed this path?

Grew by the number of users like this:

he number of global crypto users reached 221 million in June 2021, reported

vs

A research report from Crypto.com estimates the number of worldwide cryptocurrency users surged to 580 million people in 2023

So a ~200% increase in userbase and still toiling 40% behind its ATH price?

Not even counting all the investment in everything else, all the mining companies listed on the stock exchange, all the payment gateways all the everything, always and regulations, how can one think a correction at this point is NATURAL?
If it's a natural correction then it means the natural price is lower which bring us to the problem of the growth compared to lowest point, just a head's up it would mean that from low to low in the 2020 Bitcoin was out performed by the top gainers on NASDAQ by over 200%.
So if this is the natural growth it means it has lost a ton of its shine in the last 4 years!

Besides making this the natural price would also mean that the halving would be just a pump and dump scheme, right?  
So you either label it as NOT being NATURAL at all, or you agree that it underperformed by a ton compared to traditional stocks, which would be  way heavier blow and way harder for most to accept!
Again, it's either coping or agree that all numbers on usage and adoptions are blown out of proportions!