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Author Topic: Bothered about every DIP? It's just a mental check.  (Read 280 times)
Winterfrost (OP)
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March 20, 2024, 07:38:05 AM
 #1

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.

This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.

Don't loose sight, keep stacking.

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March 20, 2024, 08:26:02 AM
 #2

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.

This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.

Don't loose sight, keep stacking.
That's  what we call Volatility.
You don't  expect a market like Bitcoin  to keep on rising without a dip and every dip to me seem an opportunity as there's  been worsed dip  before which have been recovered  in a short period  of  time.
Also, if you are thinking  about  investing  in BTC you should know that you've  to be patience to see a good  ROI  so keep holding and buying  the dip
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March 20, 2024, 08:30:44 AM
 #3

I wasn't expecting $100k at all, all I was expecting was to see Bitcoin at $80k this month and I'm still positive that there's a chance for Bitcoin to reach $80 or at least $75k in the month of this March. I was expecting it to reach that point sooner but now I believe it will take some time.

The DIP has been beneficial for me as a trader because during the pump's peak I opened some short positions and due to the recent dump I made profits from those positions. So it depends on your mindset that how you see the volatility of the market.

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March 20, 2024, 08:40:08 AM
 #4

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.
The same way that I was never really expecting bitcoin to click above $70,000 the time that it did, I know Bitcoin will hit $100,000 and above, but I was never expecting it to happen just that fast and in an instant. A price correction after a large pump always occurs, and I believe this drop is part of that price correction. 
 
We might even see Bitcoin go below $60,000 before it can start recovering again. $100,000 is certain, but we can't really tell when that will happen for now. Maybe that should be after the halving, or if we see another unexpected pump, just like last time, we might see Bitcoin reach $80,000 and above. 
 
The goal is to hold until it hits your expected price target, and until then, this small price drop should not bother someone much. It's a long-term investment for many, and it's only those short traders who expect fast profit that will be affected by this drop in price.

R


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March 20, 2024, 08:54:14 AM
 #5

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
The price of any coin in the crypto currency market is never fixed, just as the price of Bitcoin is not fixed, it will fluctuate constantly. It is normal for everyone to react badly when the market goes down. Many of us expected it to hit 100K after seeing the price of Bitcoin rise, but I didn't expect the price to be that high at all.I guessed that the price of Bitcoin may touch 80 thousand dollars by March but that was not possible after the price of Bitcoin touched 72 thousand the market dumped.

But the good news is that for those of us who wanted to invest, we may be able to invest in Bitcoin now that the price of Bitcoin is low.

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March 20, 2024, 09:46:02 AM
 #6

I wasn't expecting $100k at all, all I was expecting was to see Bitcoin at $80k this month and I'm still positive that there's a chance for Bitcoin to reach $80 or at least $75k in the month of this March. I was expecting it to reach that point sooner but now I believe it will take some time.

The DIP has been beneficial for me as a trader because during the pump's peak I opened some short positions and due to the recent dump I made profits from those positions. So it depends on your mindset that how you see the volatility of the market.

I'm really confused with what you said. You expect BTC to reach $80k this March but you open some short positions when bitcoin hits $73k? So what exactly are you waiting for? Also, you would be a very talented person if you had the confidence to open some short positions when bitcoin hit $73k. I join quite a few social networks to follow market news and what I've seen in the past 2 days is that many people are losing money and losing all their profits because of the market correction. I haven't seen anyone boasting that they profited when bitcoin dropped in price, let alone those who were trading futures. You are the first case I have encountered.

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March 20, 2024, 11:25:35 AM
 #7

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.

This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.

Don't loose sight, keep stacking.

Not saying that I'm immune, but I have seen worst and never react, who forget the massive downfall during the pandemic about 4 years ago? Right, it's the time wherein there is a uncertainty and the price plummeted to $3,500?

So for those who have been here that time, there is the time that everyone is fearful and yet we survived, we had that halving and then years after all time high at $69k which was subsequently broken already. So just think about that time before you think of having a mental check.

R


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March 20, 2024, 01:42:41 PM
 #8

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.

This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.

Don't loose sight, keep stacking.
Well this is just normal since we are just humans on which we dont really like to see our investments going down and even if you are an old timer or veteran then it cant really be just that avoided that you would really
be having those kind of reactions on which this is something that would really be that normal. A market could really be only having 2 possible movements which is going up and down on which on the time that you do step your foot into this market then it would really be better that you should really be that aware with those kind of movements so that there would really be no great or huge disappointment on the time that the market
would really be having it corrections.

When it comes to DIP then instead on making yourself that seeing this to be on panic mode, it would be wise that you should really be seeing this as an opportunity
because majority of people would really be freaking out on the time that they would really be seeing those dropping prices.
You would really be that making yourself that missing out those opportunities on making profits in short time.

R


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March 20, 2024, 04:21:04 PM
 #9

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.

This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.

Don't loose sight, keep stacking.
You are just entirely wrong here, you do not use the basis of Concern to make a judgment against anyone and anyone who is concerned is wise as it's a means to prove that the person is cautiously bothered about the happening in the market. Perhaps you should have said the person should be more speculative in this regard than fidgeting, but you never said that.

More analysis and speculation are the next steps here for the trader/investor to know the way forward. Also, you cannot crucify anyone for having made any informed decisions after the analysis, especially if the person liquidates his position due to the sense of danger. This is the financial market we are talking about, it is so dynamic and could be so tricky and deceptive at times. For this, you don't blame traders/investors when they lose their sleep on the market situation.

It is better to be concerned but act right instead of being too relaxed the way you are preaching it now. And the only way to act right is to continue to be conversant with the situation and continue to update analyses to reveal the best decision to be made.

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March 20, 2024, 05:44:34 PM
 #10

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.

This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.

Don't loose sight, keep stacking.
It's not worth taking your eyes off just because there is a slight price drop currently occurring in the market for Bitcoin. I still really want to monitor the market and buy on the Dip because in a market trend like now it is possible that the price decline like now will not last too long on Bitcoin so it is still quite feasible to be prepared to buy again in this downtrend. Apart from that, the next upward price trend is still quite possible for Bitcoin to return and I believe it could return in the near future or at least before the halving starts this year.

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March 20, 2024, 06:04:45 PM
 #11

If you find yourself being emotional over the dips than that means you own too much BTC and should sell some.  Sure, that's not the smart move and it lets your emotions get the best of you costing you future profits, but it will give you a peace of mind.  If Bitcoin dips and you don't care, congratulations, you own a healthy amount of Bitcoin for your risk tolerance.  Nobody should be risking a heart attack over every dip betting with their life savings.  Just stack sats and chill.  Don't get caught up in betting the farm on every move.  Eventually that won't work out for you.

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March 20, 2024, 06:22:18 PM
 #12

It was just another day on crypto for me as I am not a newcomer and this was expected, I am comfortable with such dips as we are used to exclusively for Bitcoin wherein I don't but the situation would be bit different had it been any Altcoin (right now I have much of my investment into Bitcoin hence not bothered about Altcoins).

I think it would be better if everyone understands just like day and night there would be pump and dump in the market we have to utilize it to our benefit rather than panic selling or stressing on it.









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March 20, 2024, 06:34:11 PM
 #13

The downtrend to $61K has not crossed the halving limit whether it will be a result of panic, I don't think it needs to decline now it is still considered reasonable because after all it will inevitably correct first so it will stick with HODL even if the price drops.

Those newbies who just entered the circle then became worried and panicked then it is natural they will not be familiar with the current situation especially having bought at $73K, but when they already know there is a decline then it will be an opportunity to buy DIP then when you have capital do DIP of course in the future the price will go to $100K. Just wait for patience and strong HODL to take advantage of every moment.

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March 20, 2024, 06:58:37 PM
 #14

It's risky to be out of Bitcoin, if you know what's good for you, find some stable coins and buy this dip, I have been expecting this dip for weeks because we moved up too fast.

Now that this correction is happening, it's not something to be scared of, this is necessary for a more healthy market moment to occur down the line in this same year, I knew that a BTC halving would never happen without a big correction.

This is normal, if you are smart you will take advantage of this dip after Bitcoin halving we will see another pump again, but emotions will surely get the best of many people.

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March 20, 2024, 07:00:06 PM
 #15

i was bothered for awhile. its not he first time i am wrong with my analysis as i thought the dip would just be on 65k actually so I was just feeling very positive that it would bounce quickly so I didn't sell. it's too late for me to sell so I was just holding them since i was expecting more profit after halving.

as of the time of writing its already back tp $65k. this could be the bounce I'm looking for and my altcoins are back to green again.









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March 20, 2024, 07:54:29 PM
 #16

Expecting an upward trend to $100K will never be easy, there will definitely be more challenges including several corrections, so here the mental question will be whether the strength to withstand will overcome this challenge?

Beginners will definitely panic especially if they have just come and made an investment but rest assured this will all be sweet in the end with a goal of $100K by the end of the year that is my prediction.

Every decline definitely has good benefits, especially if you know where the gap is to buy bitcoin now, never give up hope because the correction takes too long, no matter what, it will definitely pass.

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March 20, 2024, 08:34:17 PM
 #17

The road to $100k is paved with many bumps and hollows!

There is no way Bitcoin was going straight to $100k without a correction. and just
because we have had a $10k drop doesnt mean there wont be another along the way.


This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.


Some people refer this scenario as "weak hands" and "diamond hands". It happens
alot where newcomers buy when the price is rising but when it falls back like we had
in the last week they panic sell.

Then it goes back up again after diamond hands bought the discounted coin and the short
positions get liquidated.

R


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March 20, 2024, 08:54:15 PM
 #18

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.

This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.

Don't loose sight, keep stacking.

My reaction was normal because, to be honest, I wasn't expecting Bitcoin to rally towards $100k straight because that doesn't happen, there had to be a correction in between, and as soon as the price started dropping after reaching $73k, I knew it's time for the correction though I wasn't sure how deep it can be, and to my surprise again, it didn't dip that much because I was expecting the price of Bitcoin to go below $60k at least.
However, I was never worried or will ever be about short term corrections and dips because I know Bitcoin has got the potential to recover from any of such corrections and dips and even crashes.









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March 20, 2024, 09:08:10 PM
 #19

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.
This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage. Bitcoin is currently at $67k, achieving $100k may not be possible but that of $80k before the halving can be touched.


Don't loose sight, keep stacking.
I haven't been bothered anyway, seeing the price even declining has given me another opportunity to hold Bitcoin at a low previous price, it's DIP became a favor to increasing my portfolio.
I yet consider myself a late investor, and I find nothing sceptical on Bitcoin during the DIP as I have understood it's volatile nature and going through historical charts and data which helped in solidifying my heart and mind to withstand any Bitcoin DIP.

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March 20, 2024, 10:34:29 PM
 #20

As a long-term investor who is always prepared to buy more Bitcoin, you will even be happy for every opportunity that the price of Bitcoin offers you to buy more. For example, the scenario you gave will create an opportunity for a long-term investor to cease the opportunity to accumulate more, while traders are the Bitcoiners who oftentimes get so bothered by Bitcoin price volatility. The long-term investor might also sometimes get bothered because of the percentage of losses they have already had, but traders get more bothered. If it was when I was day training on the spot trade, I would get scared of losing on the trade, I would get upset, and I would get emotionally depressed for experiencing losses at times, but since I have learned to trade with low leverage on futures, I don't bothered as much as when I was yet new to the game. 

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March 20, 2024, 11:59:09 PM
 #21

For a healthy mental well being,  one need to be less speculative in bitcoin, and should hold only for the long term purposes, in recent time, I have been stressed from the market volities since I keep checking my Portfolio to see how much I have gain or lost in the last few minutes,. This approach got me worked up at each time and I figure out a new way to keep track and be less concerned which is to get weekly checks instead of daily checks

And secondly I stopped expecting too much from the market unlike in the past few weeks when I was overly bullish a d expecting bitcoin to reach 100k or more within the period before bitcoin halving
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March 21, 2024, 02:05:21 AM
 #22

Not really, not anymore at least. I have been here for so long that back in the day I was, like 10 years ago I was very sad when I see a dip, and then maybe about 5 or so years ago when we had that big dip then it made me upset as well. But these days? I think that is a normal part of the market and I do not worry about it, I do not see the purpose of it and I think it's fine.

I think it's not really that crazy and we should be considering that as very normal. I have seen people focus on this part a lot more, and I feel like maybe we should play a bigger role in this then we should. I hope that we can get better and eventually we could be making more money from crypto if we stop worrying about it and just be ready for when it goes back up.

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March 21, 2024, 03:48:46 AM
 #23

We had a huge reversal, I think the daily candle was the largest daily Candle since 2021. It was a quick down move and quick up move. Perhaps it’s the FOMC but we kind of already knew we would get rate cuts later in the year.

Now it’s all about the flows. So far they have been weak today. Large GBTC outflow and very little inflows, unless blackrock is over $300M by itself then we will have another negative flow day.

Most likely it’s profit taking from buying last month or people are just too scared to buy the dip incase it keeps on dropping further.
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March 21, 2024, 04:07:47 AM
 #24

That called volatility and there are a lot of people who have the fear bro so don't judge hahha, there are people who like trading only spot like me and they bothered on every dip because they need those money to cover their daily expenses or something like that.

But there is also use crypto as an investment matter of fact crypto as investment is crazy in my opinion because you can 3 digit apy on a single year

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March 21, 2024, 08:16:30 AM
 #25

If you find yourself being emotional over the dips than that means you own too much BTC and should sell some. 

Think this is the best advice to bring down heart cut, it may not be the best option but the fact you want to free yourself on unforseen circumstances which is affecting you emotionally.
The worst that can happen to any in the crypto world is unstable mind and when emotion has come to play, it always two sided issue it's either it work according to your emotions or against.

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March 21, 2024, 11:00:43 AM
 #26

I wasn't expecting $100k at all, all I was expecting was to see Bitcoin at $80k this month and I'm still positive that there's a chance for Bitcoin to reach $80 or at least $75k in the month of this March. I was expecting it to reach that point sooner but now I believe it will take some time.

The DIP has been beneficial for me as a trader because during the pump's peak I opened some short positions and due to the recent dump I made profits from those positions. So it depends on your mindset that how you see the volatility of the market.

I'm more certain that we woidl be recovering soon enough and this dip is just a normal thing that happend cause of weak hands that sold so soon, the dip is such a good thing for those that knows that it is an opportunity more than something to be worried about, so instead of beign in panic and rush to sell your asset which is most practiced by short term traders it's better to change your perspective to a long term mindset and start seeing every dip as a potential opportunity to add more to your holdings, that's a better way to view bitcoin.

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March 21, 2024, 11:24:04 AM
 #27

I wasn't expecting $100k at all, all I was expecting was to see Bitcoin at $80k this month and I'm still positive that there's a chance for Bitcoin to reach $80 or at least $75k in the month of this March. I was expecting it to reach that point sooner but now I believe it will take some time.

The DIP has been beneficial for me as a trader because during the pump's peak I opened some short positions and due to the recent dump I made profits from those positions. So it depends on your mindset that how you see the volatility of the market.

I'm more certain that we woidl be recovering soon enough and this dip is just a normal thing that happend cause of weak hands that sold so soon, the dip is such a good thing for those that knows that it is an opportunity more than something to be worried about, so instead of beign in panic and rush to sell your asset which is most practiced by short term traders it's better to change your perspective to a long term mindset and start seeing every dip as a potential opportunity to add more to your holdings, that's a better way to view bitcoin.
In a legit market then what goes down do comes up, and what goes up must come down and this is the basic principle on how a market works. The only main question on here is on when it would happen? There would
really be no one would be able to know on when it would exactly happens and this is why tons of speculations would really be generated and something that we would really be able to formulate. We do have that common different approach when it comes to things like speculating on when market would be starting to move. Decisions will really be might altered basing up with those common factors and since not all people would really be that well experienced or well aware on things then they would really be having that high chance or tendency that they will freaking out once the market would be making out some correction.

Once you do gain up that sufficient experience then you wont really be freaking out with these conditions but rather you would really be wary about on the actions that you
would really be tending to do or just as planned.

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March 21, 2024, 11:46:12 AM
 #28

I would say this is just a correction in the price. Don’t think much about the price I would say. If you trust in Bitcoins then definitely it will give you good returns. Just don’t become impatient I would say. Rather treat this dip as an opportunity to buy the coins for cheap. Buy now and hold till Bitcoins reaches 100k usd. You will definitely see tons of profits in your wallet.

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March 21, 2024, 01:25:23 PM
 #29

If you find yourself being emotional over the dips than that means you own too much BTC and should sell some.  Sure, that's not the smart move and it lets your emotions get the best of you costing you future profits, but it will give you a peace of mind.  If Bitcoin dips and you don't care, congratulations, you own a healthy amount of Bitcoin for your risk tolerance.  Nobody should be risking a heart attack over every dip betting with their life savings.  Just stack sats and chill.  Don't get caught up in betting the farm on every move.  Eventually that won't work out for you.

In addition to investing our life savings in bitcoin, investing large amounts of money in bitcoin will also make us feel insecure every time bitcoin corrects sharply even if we are ready to lose that money. It is indeed a very unpleasant feeling even though we know that bitcoin will soon recover and increase in price further in the future .

I am investing a large amount of money in bitcoin and it is not my savings and I also have a backup plan if this money is lost. But honestly , I can't help but feel worried and impatient as I see my profits gradually disappear every time bitcoin corrects. Indeed, long-term holding is not easy and not everyone can do it.

People are very good at advising others every time bitcoin corrects, but when someone invests a large amount of money up to hundreds of thousands of dollars, they will know how uncomfortable it feels every time bitcoin corrects.

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March 21, 2024, 01:28:58 PM
 #30

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.

This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.

Don't loose sight, keep stacking.
Actually I invest for long term I don't invest for short term. I don't expect the bitcoin market to touch $100k this season though hopefully if it goes down to $6000 from there I won't be upset because I'm not holding bitcoin for the short term I'm holding bitcoin for the long term. I'm still investing in Bitcoin but I'm investing using the DCA method. Every person should hold Bitcoin for long term because holding Bitcoin for long term will surely lead to success. Also always try to buy from dips to invest. Buying from deep will definitely give you more success. Those who invested between $15,000 to $17,000 have seen their investment grow several times today. So invest from deep market to hold for long term.

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March 21, 2024, 02:42:49 PM
Merited by SamReomo (1)
 #31

I wasn't expecting $100k at all
Ditto, and that's one of the reasons why OP's question is a bit hard to answer.  Another reason is that I've been around long enough to know that dips like the one that just happened are healthy.  I must've said it a dozen times--it's not a good thing when bitcoin rises too high, too fast and I wasn't hoping it would have reached $100k this month or even next month.

For everyone who got spooked....just stick around and hold it if you've got it.  Dips shake out the weak traders, and depending on what price you bought in at you'd be buying high and selling low, i.e., the exact opposite of what you're supposed to do.

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March 21, 2024, 06:33:06 PM
 #32

Dips shake out the weak traders, and depending on what price you bought in at you'd be buying high and selling low, i.e., the exact opposite of what you're supposed to do.
That's the worst mistake most traders make and that's the main reason behind their losses. Dips are opportunities for the strong traders while weak traders get scared because of the dips. Most of the weak traders buy Bitcoin when it's pumping and has reached some good peaks and when it drops because of price correction those weak hands start selling it to avoid losses. But, instead of avoiding losses they're taking losses with their trades.

If someone buys Bitcoin when its price is high and sells it when its price is low then such trader is in great loss. The ones with strong hands also buy Bitcoin at high values sometimes but they know the power of holding and averaging, and even if they bought it at high price, they'll hold it for sometime without fear and do averaging, and when they see green PNL then they start selling with profits. Those weak hands can be saved from huge losses by holding their positions.

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March 21, 2024, 08:03:47 PM
 #33

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.
I've predicted there will be a big crash when the price of Bitcoin reached $73,750. It is because we already hits a new ATH 2 times before Bitcoin halving happens. I think it is too early although it is not a bad thing. I predicted Bitcoin will drop to $65k but it dropped lower ($61k). However, it doesn't bother me at all. I even feel happy because I have the chance to buy more coins.  Grin

This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.
Sure, it may only affect to the beginners or new investors.
For old investors, they already experienced the same situation many times. So, it is not a very surprising anymore. Even, it is the chance to collect more coins, it is the time to get coins with good discounts.


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March 21, 2024, 08:19:15 PM
 #34

Being bothered is not an issue, its how you react to it that matters the most. A lot of people react to it badly and that's why they end up not being that great, because if you react badly then there isn't really anything you can profit from, its not about crypto. If you were invested in stocks or gold or anything else and market moved a little and you reacted badly, you would be a bad investor there too. I do agree that its even more at bitcoin because its less popular, and new compared to those, and its also legally just barely regulated and many other reasons including high volatility, but at the end of the day if you react bad then you react bad to anything. Just be calm, be bothered but ignore it.

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March 21, 2024, 09:38:15 PM
 #35

~
It was just any other day in the crypto market really lol. I guess a lot more people were simply impacted because of, well, the market going past ATH. If you've been in the market for the past decade heck, even the past couple of years you'd know this is something of the usual.

Well, wouldn't also blame late investors. It is kind of scary to see what you just bought at the peak dropdown after a couple of days but yea, rather than losing it permanently just wait a bit and see what happens. You're already at a loss anyway, might as well go all the way.

R


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March 22, 2024, 04:14:50 AM
 #36

Lately it seems like the flows are starting to reverse, for the last 3 days and most likely for today, we got negative flows. Basically GBTC has massive selling everyday while Fidelity and Blackrock are barely making a dent in the positive flows.

If this continues then we might get a sharper correction and maybe $74K was the top this cycle. The market seems to be losing steam and it might start correcting even more.

I hope I am wrong but we got a bad weekly close last Sunday.
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March 22, 2024, 06:01:26 AM
 #37

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.

This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.

Don't loose sight, keep stacking.
Stacking is what most of us are doing when the price starts dumping but now that it recovers back to 67k then I am already in profit.
and asking about my reaction? lol I am super happy because with that I can purchase and indeed , I do purchase and now waiting for a 80k price to decide what to do again.

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March 22, 2024, 07:47:59 AM
 #38

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.

This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.

Don't loose sight, keep stacking.
I have been part of this market for long enough to not get bothered by corrections anymore, years ago when I was new to this market the corrections did scare me, as even if I had seen how other markets moved, this was the first time I was part of one and the movements were way more prominent in those days, but as I gained more experience and confidence in bitcoin and the ecosystem those feelings have faded away, which is great as I would not like to experiment those feelings again.
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March 22, 2024, 05:45:08 PM
 #39

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.

This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.

Don't loose sight, keep stacking.

As you mentioned, this is a sentiment shared by traders. No investor who has been stacking bitcoin using any method, particularly those who use the DCA strategy, will be disappointed by the market decline. They always hope for a dip in order to balance their portfolio and accumulate more bitcoin at a lower price. This will hurt traders because some dips always take them out of the market while trading, and some pumps do the same for traders who are selling and shorting the market. Every bitcoin action elicits a response, either to the benefit or disadvantage of those involved. Bitcoin traders experience the two more, while investors are primarily on the advantageous side.

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March 22, 2024, 06:27:03 PM
 #40

Traders always think about both scenarios, when there was speculation that bitcoin would go to 100k among maximum crypto investors I thought a correction in bitcoin price would happen soon. Because when maximum people are on one side, the market reacts in the opposite direction. Bitcoin went to new ATH without any correction from 50k, so a correction was expected here. So when the market is now correcting here I am not surprised because I was prepared for it.

I have written many times that Bitcoin will go to 100k but it needs time for the market to make a healthy correction and regain momentum to move to new ATH and even go to 100k.

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March 22, 2024, 06:38:24 PM
 #41

I used to get extremely frustrated in the past, but I'm now used to it and understand that it's all part of the game. We can't expect the price to keep rising forever; eventually, it'll crash. It's inevitable. I used to get quite stressed and keep checking the price several times per day, but now I've got over it and I'm not bothered at all. On the contrary, I see the crash as an opportunity to acquire discounted Bitcoin. I wasn't even bothered when Bitcoin had fallen to $17.000; I'm not going to let a small dip ruin it now that we've reached a new ATH. On top of that, I wasn't expecting $100,000 anytime soon, so I won't be disappointed if we don't reach that in the near future.

R


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March 22, 2024, 06:41:38 PM
Merited by stomachgrowls (1)
 #42

Traders always think about both scenarios, when there was speculation that bitcoin would go to 100k among maximum crypto investors I thought a correction in bitcoin price would happen soon. Because when maximum people are on one side, the market reacts in the opposite direction. Bitcoin went to new ATH without any correction from 50k, so a correction was expected here. So when the market is now correcting here I am not surprised because I was prepared for it.

I have written many times that Bitcoin will go to 100k but it needs time for the market to make a healthy correction and regain momentum to move to new ATH and even go to 100k.
What we called a market is something that its price would be going up and down and its composed of buyers and sellers and the market sentiments that plays around isnt something that could be know but we could always make out those assumptions on how it would really be moving basing up on the history and past events that we had been able to experience. This is why if you are someone who had been here on this market
for a while now then you would really be expecting those price movements and possible dips or corrections on which we know that this is something that very normal for a market to have.

If you are still that being too impulsive or really that been bothered with dips in price or corrections then better make yourself get used to it because this is something that
you will be able to encounter into this market. If you dont like on this way then this market isnt for you and you could always opt out to turn back yourself away from it
but if you are someone who do accepts out with this probabilities then its would really be just fine and not an issue for you.

R


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March 22, 2024, 07:06:34 PM
 #43

Price repeats, what we have to do really is avoid being spun around till dizzy from tracking a price thats going in circles.   Watch for price action to do something different then you have a reason to act and expect a difference but BTC does its sideways dance quite often moving like a crab is its specialty to throw people off.



Most of March is just the same pricing within a range, slightly negative but not so much you can be too confident we wont attempt upwards once again.   I do think BTC stays within some ranges, once we act different is when I hope to look harder and see new action and movement up or down with a price not yet seen in March.

Weekly average blue above us, Monthly average below and some possibility of these old support lines on the border also.  Mostly we can conclude BTC price action is constricting over time.  So its the lines of a Python if you like Tongue

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March 22, 2024, 07:09:43 PM
Merited by tottong (1)
 #44

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.

This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.

Don't loose sight, keep stacking.

Volatility is normal in the crypto market, so feel free to take advantage of it. You are free to sell your bitcoins whenever you want (especially when the price is favorable), but if you have a strong interest in holding them for the long term then you should accumulate dips. Holding for the long term is much more profitable than taking advantage of short-term volatility. Not only about returns, but your psychology will also be better by ignoring a lot of volatility.

If you have a good budget every month to invest, then I think you need to accumulate every existing dip. Price corrections are an opportunity to buy a lot and build a portfolio, that is the advice I hear most often from experienced investors.

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March 22, 2024, 07:11:13 PM
 #45

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
If you're too bothered about this, then you're probably a trader and haven't been long in the system.

This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.

Don't loose sight, keep stacking.
As you mentioned, this is a sentiment shared by traders. No investor who has been stacking bitcoin using any method, particularly those who use the DCA strategy, will be disappointed by the market decline. They always hope for a dip in order to balance their portfolio and accumulate more bitcoin at a lower price. This will hurt traders because some dips always take them out of the market while trading, and some pumps do the same for traders who are selling and shorting the market. Every bitcoin action elicits a response, either to the benefit or disadvantage of those involved. Bitcoin traders experience the two more, while investors are primarily on the advantageous side.
Yes, of course those who trade will feel disappointed when they see a situation like this and for some investors of course they will see the current situation as an opportunity to collect as much as they can to make a profit when prices increase again later, but if they are a traders who choose to turn into investors will of course hold back their assets to be able to profit from holding some of their Bitcoins.

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March 22, 2024, 07:14:19 PM
 #46

This is to be expected before halving because ETFs made us enter the bull phase much faster and now people are confused.
Every previous bull run was the same - you had a slow uptrend towards the halving, then a correction right before or right after, followed by a large impulse candle that goes to the old ATH, then a correction and final big push to a new ATH.
This time we had all of this happen before the halving and to me this is very bullish since this means that we had a small bull run and will get another bigger one after the halving. The cycle is not yet complete.

I don't care if it dips a bit, I've been buying in the last bear run sub 20k and I know we're not going back there. 30k or 80k, who cares if you're in profit?

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March 22, 2024, 08:34:46 PM
 #47

Traders always think about both scenarios, when there was speculation that bitcoin would go to 100k among maximum crypto investors I thought a correction in bitcoin price would happen soon. Because when maximum people are on one side, the market reacts in the opposite direction. Bitcoin went to new ATH without any correction from 50k, so a correction was expected here. So when the market is now correcting here I am not surprised because I was prepared for it.

I have written many times that Bitcoin will go to 100k but it needs time for the market to make a healthy correction and regain momentum to move to new ATH and even go to 100k.
What we called a market is something that its price would be going up and down and its composed of buyers and sellers and the market sentiments that plays around isnt something that could be know but we could always make out those assumptions on how it would really be moving basing up on the history and past events that we had been able to experience. This is why if you are someone who had been here on this market
for a while now then you would really be expecting those price movements and possible dips or corrections on which we know that this is something that very normal for a market to have.
It is difficult to predict which direction the market will go, we can only guess how the market will react in the future. Those who trade for a short period of time analyze the market movements and try to come to a conclusion. Market price moves depending on buyers and sellers, and after going to ATH, there were many sellers which made the market not stable in that price range. There is much more discussion when the market goes into a correction than when the market goes into an uptrend. We're talking about market prices because we're here, and I never panic about short-term bitcoin price corrections because for me it's the long-term price that matters.

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serjent05
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March 22, 2024, 10:38:06 PM
 #48

What's been your reaction when you're expecting an upward trend up to $100k and boom, it dips back to $61k?
I feel that this kind of Bitcoin market price fluctuation is normal.  Bitcoin is tagged as highly volatile so this kind of price movement is not a news or surprising.

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If you're too bothered about this, then you're probably a trader and haven't been long in the system.

Everyone that put money on Bitcoin and sells it according to their target price is a trader.  When you do buy and sell no matter what the gap between these two action, you do trade and when you do trade, and anyone who do trade are called trader.  Even long time trader are bothered by the market movement especially when their target price is almost reached and then the market goes southward.  The only distinction is that long time trader knows what to do about their emotion.

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This is a mentality checker for those coming into the circle for the first time but for those that have been around for a while, every DIP or bull is to your advantage.

True that, it is also a test of one's patience.  Those who have knowledge of the price fluctuation and price cycle of Bitcoin and have patience will always have the advantage whatever the price trend of Bitcoin is.
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