Share Your Thoughts on the Recent Crypto Price Drop

[Iamcrypticguy]

During the last week the crypto world has been quite a ride with the price slump we've experienced. With Bitcoin and altcoins taking a notable dip on the 23rd, I'm curious to hear how everyone is coping and how it affected your investments and what your strategies are moving forward considering the upcoming halving.

For the veterans, is this just another cycle, or does it feel different this time? And for the newcomers, how are you handling your first major dip?

Also, how do you think this slump will affect the growth of Bitcoin and altcoins in 2024? Are you adjusting your strategies, or holding firm to your original plans?

This price drop for Bitcoin in the lead up to the halving event follows a predictable pattern that has occurred before past halvings. Typically right before the halving takes place, Bitcoin dips in value temporarily to enable major holders ("whales") to accumulate more BTC at discounted prices. This appears to be occurring again as the market prepares for the upcoming halving. The price decline allows large investors to stock up on Bitcoin before the halving reduces the supply available.

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[Wind_FURY]

OP, we're in that part of the cycle where all DIPs should be welcomed to buy Bitcoin with a discount. It's the pre-halving phase, and your "mission should YOU choose to accept it" is to look for extra liquidity to buy these Bitcoin DIPs, especially if it's the BIG DIP, which I believe there's a high probability of happening.

But it will be painful, and it will make everyone panic. But during 2025, the DIP will not be noticed in a Bitcoin chart that shows the price at six digits.

Or perhaps we can say every dip does not have a strong reason behind it because the crypto space is recognized for its volatility so if we find any dip we can consider a buying opportunity in the case of Bitcoin to fill our bags more. Indeed there maybe another opportunity of buying again before halving which is near.

That would probably depend on the size of DIP. Because most of them, especially the smaller ones, might not have actual reasons behind them except that they are caused by market participants trading back and forth against one another. We also have the minor FUD which happens many times in Bitcoin every year. But saying that "every DIP doesn't have a strong reason" would be a mistake. The DIPs currently have a very strong reason behind it. DYOR on Grayscale Bitcoin Trust.

[Kelward]

I will share my opinion as a veteran, it really didn't create any panic or impact on me as we have seen this in the past and will continue to see this in the future as well, this is just a trailer of what we are going to see until the bull run because we are heading towards halving and this will occur more often. This should be considered as an opportunity to make some quick profit by buying more Bitcoins. I cannot commit on altcoins as it's bit risky but we can go for Bitcoin during these fluctuations and by the way it was not a huge dip.

This will be my first halving experience and I'm getting a load of it, I was hoping that the price pump will just be a smooth sailing, increasing till it hits bull season, I almost totally forgot that this is a price pump and dump market. What gave me confidence was that I was thinking that after the ETF approval that it'll be a rollercoaster to bull run, then this recent price dip happened and proved me wrong. But I'm still confident that despite the price fluctuations we're still heading to bull run, so we'll pretty much ignore the price trends now and continue accumulating and hodling till bull run.

[Lakai01]

This will be my first halving experience and I'm getting a load of it, I was hoping that the price pump will just be a smooth sailing, increasing till it hits bull season, I almost totally forgot that this is a price pump and dump market. What gave me confidence was that I was thinking that after the ETF approval that it'll be a rollercoaster to bull run, then this recent price dip happened and proved me wrong. But I'm still confident that despite the price fluctuations we're still heading to bull run, so we'll pretty much ignore the price trends now and continue accumulating and hodling till bull run.

Just take a look at the phases of past halvings, especially the last few months before the halving. These were very often characterized by relatively sharp slumps, especially in 2020, of course, when the coronavirus pandemic got into full swing at around the same time. It is therefore not unusual for us to see very choppy charts and high price drops again now. Here, for example, the months before the halving in 2020:


Source: Coinmarketcap

[|MINER|]

Dumping like that is really frustrating.  Everyone is a little nervous about this dump.  But this world is made up of pump and dump.  And traders have to keep pace with it.  Sometimes the market will pump and sometimes it will dump, you have to accept them and do the trading.  You can't be disappointed if the market dumps.  Those who can analyze the market well have less losses.

[snowpega]

Dumping like that is really frustrating.  Everyone is a little nervous about this dump.  But this world is made up of pump and dump.  And traders have to keep pace with it.  Sometimes the market will pump and sometimes it will dump, you have to accept them and do the trading.  You can't be disappointed if the market dumps.  Those who can analyze the market well have less losses.

Dear if you are holding assets in spot and don't open any trade Dumping is not really frustration so consider it buying opportunity to fill your bag more because as well know Bitcoin ETF has been approved and Bull run is on the way we should not miss any buying opportunity when the market takes any correction Because in coming time market will not allow us or give us a buying opportunity again. So keep filling up your bags from time to time. DYOR

[Lanatsa]

During the last week the crypto world has been quite a ride with the price slump we've experienced. With Bitcoin and altcoins taking a notable dip on the 23rd, I'm curious to hear how everyone is coping and how it affected your investments and what your strategies are moving forward considering the upcoming halving.

For the veterans, is this just another cycle, or does it feel different this time? And for the newcomers, how are you handling your first major dip?

Also, how do you think this slump will affect the growth of Bitcoin and altcoins in 2024? Are you adjusting your strategies, or holding firm to your original plans?

Stick to your plans! If you do see that the market do make out some dips or correction then this would be the best time on making some DCA and accumulation rather than on making some cut loss on which this is where most newbies or those new traders/investors would really be doing on which on the time that the market becomes red then they would really be tending to freak out on which this is really he most common
emotion and reactions on which these people would really be doing. This is why it would really be always important that you should really be that making yourself that pretty aware
that it isnt really that never that having a market that would be increasing its price like a ladder or a stairs.

Market cant be called just like that because there would really be up and downs on which you should really be needing to watch out and something that you should be realizing.
Crypto prices are really that highly volatile and if you arent that careful nor really that get prepared then you would really be definitely be having that kind of
problem on which it would be causing for you to have that kind of broken expectation on which it would bring out that kind of disappointment.

[Maslate]

What we have seen is just a price correction, from $39k and now it’s back again into $41k so for obvious reason, bitcoin is not yet at its long price dips or a bearish market instead. However, if you decide to buy at the current price, I can still say it’s a good time to buy since we are not yet at its peak price. And as long as bitcoin halving is not happening yet, then accumulating bitcoin through DCA is still highly advisable.

Bitcoin price remains unpredictable all throughout its process, so if we can see an edge to buy, then buy. As long as our aim is to hold it longer, then price drop or temporary market crash should not bother us.

[synchronym]

There is nothing to worry or despair about the fact that the Bitcoin market will basically fluctuate because when the Bitcoin market goes down, we can definitely buy Bitcoins. Many of us who want to buy bitcoins may not be able to buy bitcoins due to the high price of bitcoins. Now there are many opportunities for them, especially when bitcoins go down, we can buy bitcoins if we want. So that we can benefit in future. It is expected that the Bitcoin market will accelerate in 2024.

[GreatArkansas]

During the last week the crypto world has been quite a ride with the price slump we've experienced. With Bitcoin and altcoins taking a notable dip on the 23rd, I'm curious to hear how everyone is coping and how it affected your investments and what your strategies are moving forward considering the upcoming halving.
(....)

I'm neutral, I know, and positive that the recent dump was just a correction, we must appreciate the pump recently and then we should be ready for a pullback, it is just not every day Christmas.
I just don't panic at all because I already experienced these multiple times.

[bluebit25]

And now bitcoin is back at the $42k , it seems that it will not agree with the crowd's speculation in the short term, but in a broader view, it can also be seen that the price adjustment and fluctuations are often consistent. If I go to bed at the beginning of the week and wake up at the end of the week, things don't change significantly, but each person's approach depends on their interests and understanding. Doubt/optimism always exists, and if you have built a long-term plan with the market, the recent fluctuations really aren't too much of a concern.

[the rise]

This is quite natural to happen, maybe this provokes holders to sell some of what they hold, but many people really believe that when Bitcoin goes to halving everything will go to the moon, and I myself believe in this, it's better to know the market in detail, what is it? just a threat in my opinion the btc halving moment will affect the price, so it's time to save now I don't recommend this is just my personal assessment

[Assface16678]

This is quite natural to happen, maybe this provokes holders to sell some of what they hold, but many people really believe that when Bitcoin goes to halving everything will go to the moon, and I myself believe in this, it's better to know the market in detail, what is it? just a threat in my opinion the btc halving moment will affect the price, so it's time to save now I don't recommend this is just my personal assessment

Exactly because of the slight dip in the market, many investors or holders panic sell. That's the reason why the dip continues; the happenings make them panic. The ETF's approval plus the slight market dip, which is natural, is why those easily scared panickers sell. Thanks to that, it's an opportunity for those of us who believe in bitcoin and are calm about the happenings. Because of that, I can buy more satoshis to add to my holdings and get ready for the upcoming bull run. I know there is no exact date, but of course it will be great to have more holdings and wait for the reward. So for the others who see the dip in the market as a bad sign, but for us who know how the market moves, it's a big opportunity for us to grab. It's better to be early than never, so stay calm and chill; the market will show its rewards.

[lombok]

The market has two movements, namely up and down. This seems normal, where there is an increase there must be a decrease and vice versa. And what is happening still looks normal, we know that Bitcoin has wild movements in terms of price increases and decreases. Even now that Bitcoin has found its way into an ETF, I think from now on the up and down movements will be more controlled.

[LastKiss]

During the last week the crypto world has been quite a ride with the price slump we've experienced. With Bitcoin and altcoins taking a notable dip on the 23rd, I'm curious to hear how everyone is coping and how it affected your investments and what your strategies are moving forward considering the upcoming halving.

For the veterans, is this just another cycle, or does it feel different this time? And for the newcomers, how are you handling your first major dip?

Also, how do you think this slump will affect the growth of Bitcoin and altcoins in 2024? Are you adjusting your strategies, or holding firm to your original plans?

It's only a healthy correction in my opinion we are already up 3x from the bottom price in this cycle. Since this is not my first major dip I feel like it's something normal happening, many people expected we're go above 50k$ when the ETF got accepted but in reality we had healthy corrections that don't get affected easily by those who post price analysis in the social media cause their prediction won't 100% accurate. Use your own strategy and don't be greedy

[Rehan Zakir]

I am not so much surprised about the recent Bitcoin price drop. Because it's a part of trading. Bitcoin price pumped from 27000$ to 49000$ without any major correction. So, price pump and dump is a part of market. So, don't worry about that it is a part of market.

[Questat]

During the last week the crypto world has been quite a ride with the price slump we've experienced. With Bitcoin and altcoins taking a notable dip on the 23rd, I'm curious to hear how everyone is coping and how it affected your investments and what your strategies are moving forward considering the upcoming halving.

For the veterans, is this just another cycle, or does it feel different this time? And for the newcomers, how are you handling your first major dip?

Also, how do you think this slump will affect the growth of Bitcoin and altcoins in 2024? Are you adjusting your strategies, or holding firm to your original plans?

Not all dumps or price corrections need to know the reason because it is pretty simple, the market has been driven by its volatile nature - it pumps and dumps all the time due to the changing demand and supply. Rumors and speculations are possibly rising but should have to keep everyone aware of it? We can't buy all of it but rather accept that the market goes in up-and-down directions no matter what.

Let us widen our understanding, the market is so volatile. That is why Holding is necessary in case there is a dump. And aside from that, every drop is an opportunity as well as the rise.

[gunhell16]

During the last week the crypto world has been quite a ride with the price slump we've experienced. With Bitcoin and altcoins taking a notable dip on the 23rd, I'm curious to hear how everyone is coping and how it affected your investments and what your strategies are moving forward considering the upcoming halving.

For the veterans, is this just another cycle, or does it feel different this time? And for the newcomers, how are you handling your first major dip?

Also, how do you think this slump will affect the growth of Bitcoin and altcoins in 2024? Are you adjusting your strategies, or holding firm to your original plans?

Not all dumps or price corrections need to know the reason because it is pretty simple, the market has been driven by its volatile nature - it pumps and dumps all the time due to the changing demand and supply. Rumors and speculations are possibly rising but should have to keep everyone aware of it? We can't buy all of it but rather accept that the market goes in up-and-down directions no matter what.

Let us widen our understanding, the market is so volatile. That is why Holding is necessary in case there is a dump. And aside from that, every drop is an opportunity as well as the rise.

I agree with what you said; honestly, dude, it's not important to know the reason. If we look at the candlestick, we have been mostly bearish for a while, and in this case, our patience is being measured because of the volatility exhibited by crypto assets on exchanges currently.

This is the opportunity to be cautious in every decision we make in our holdings, whether they are short- or long-term. If you're confident enough to keep up with the market, go ahead, but if you're not, stay and ease up on waiting for the right opportunity.

[dunfida]

During the last week the crypto world has been quite a ride with the price slump we've experienced. With Bitcoin and altcoins taking a notable dip on the 23rd, I'm curious to hear how everyone is coping and how it affected your investments and what your strategies are moving forward considering the upcoming halving.

For the veterans, is this just another cycle, or does it feel different this time? And for the newcomers, how are you handling your first major dip?

Also, how do you think this slump will affect the growth of Bitcoin and altcoins in 2024? Are you adjusting your strategies, or holding firm to your original plans?

Not all dumps or price corrections need to know the reason because it is pretty simple, the market has been driven by its volatile nature - it pumps and dumps all the time due to the changing demand and supply. Rumors and speculations are possibly rising but should have to keep everyone aware of it? We can't buy all of it but rather accept that the market goes in up-and-down directions no matter what.

Let us widen our understanding, the market is so volatile. That is why Holding is necessary in case there is a dump. And aside from that, every drop is an opportunity as well as the rise.

I agree with what you said; honestly, dude, it's not important to know the reason. If we look at the candlestick, we have been mostly bearish for a while, and in this case, our patience is being measured because of the volatility exhibited by crypto assets on exchanges currently.

This is the opportunity to be cautious in every decision we make in our holdings, whether they are short- or long-term. If you're confident enough to keep up with the market, go ahead, but if you're not, stay and ease up on waiting for the right opportunity.

Technicals or fundamentals arent solid things that you could rely on it 100% on which there's no way that we could really be able to assure on where the prices would really be going.
People around do really love always on seeing the price to shoot upwards without even realizing that corrections and price drops are really just that part of the movement on which we know that this is how market works
or behaves. It is really just that people cant really just that accept out whenever they do see a red candle. Instead on making some DCA then do rather freak out and making those cut losses
on which they are really just that shooting up into their own heads.

Instead on taking up the opportunity on accumulating more, they do rather do the opposite.They would really be just starting out to make out actions on the time that
they've been seeing the price is shooting up on which it is really just that totally opposite on what a certain individual should really be doing in the first place.
If you are someone whose really that being impulsive and dont have the idea on how this market works then you are really bound on such mistakes.

[justdimin]

During the last week the crypto world has been quite a ride with the price slump we've experienced. With Bitcoin and altcoins taking a notable dip on the 23rd, I'm curious to hear how everyone is coping and how it affected your investments and what your strategies are moving forward considering the upcoming halving.

For the veterans, is this just another cycle, or does it feel different this time? And for the newcomers, how are you handling your first major dip?

Also, how do you think this slump will affect the growth of Bitcoin and altcoins in 2024? Are you adjusting your strategies, or holding firm to your original plans?

It's only a healthy correction in my opinion we are already up 3x from the bottom price in this cycle. Since this is not my first major dip I feel like it's something normal happening, many people expected we're go above 50k$ when the ETF got accepted but in reality we had healthy corrections that don't get affected easily by those who post price analysis in the social media cause their prediction won't 100% accurate. Use your own strategy and don't be greedy

ETF didn't get accepted, that's the problem. We seen ETF accepted fake news, but it wasn't accepted yet. There was a "hacking" that they so called, but in reality it is not really accepted and the tweet was a fake one and they removed it. That was of course not accepted by the public right away so the price went up al to ,and when it goes up a bit, the rest is done by the hype and the FOMO and the price goes up even more.

I believe that we are going to be fine eventually, we just need to let it be for a while. I know that life isn't fair and simple, but we just gotta do what we gotta do whenever we possibly could. This is why it gets to a point where price will go up, with or without ETF being a thing, all from people getting hyped for it.