Bothered about every DIP? It's just a mental check.

[Wiwo]

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

[1714888332]

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[1714888332]

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[el kaka22]

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.

[adaseb]

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.

[dansus021]

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

[Uhwuchukwu53]

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.

[teamsherry]

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.

[milewilda]

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.

[Nrcewker]

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.

[fuguebtc]

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.

[2Pizza410000BTC]

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.

[The Sceptical Chymist]

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.

[SamReomo]

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.

[kawetsriyanto]

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. 

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.

[Captain Corporate]

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.

[Wexnident]

~

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.

[adaseb]

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.

[kotajikikox]

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.

[Silberman]

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.

[Ndabagi01]

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.

[ScamViruS]

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.