Don't Be scared Use this Dip as an opportunity to HODL more.

[SOKO-DEKE]

It'll take an experienced Bitcoin hodler not to panic about this significant dip that we're seeing now. Newbies Will surely panic and who can blame them, it's not easy watching the value of their Bitcoin diminishing in front of them. I agree with anybody that had speculated that we won't see price go this dip, especially as we're expecting bull run season anytime soon. The bright side of this quite unexpected dip, especially as price had pumped to $70 recently, is that it's another opportunity for investors to accumulate more Bitcoin, hodl and wait patiently for bull run. I won't panic about any Bitcoin dip because it's not a shitcoin that will dip and never recover.

Yes, it is not that easy for newbies to see the Bitcoin price dropping without panicking, but the truth is that newbies who invested what they could afford to lose will not be worried much about this dip. Some people who will be in serious worry now and whose minds will never be at rest are those who want to take advantage of Bitcoin to cash out in the short term by investing what they can't afford to lose, thinking that the price may continue going up. As for me, I believe that Bitcoin will recover, and I did not invest more than I could afford to lose.So I am so worried about this market situation. 

[SatoPrincess]

You are right. Not many saw the dip coming. If you take a look at the bitcoin price prediction contests in Games and rounds section of the forum you will find a lot of the prediction were bullish, mine included. This shows that bitcoin investment/trading is really not for the faint of heart. Bitcoiners who have been trading/hodling for years are not new to the volatility of the bitcoin market. Newbies however may find it difficult to hodl their bitcoins in the bear market. With the FUD creeping in the internet and trolls spreading fake news about bitcoin, weak hands will be selling off their coins.

[Sunderland]

You are right. Not many saw the dip coming. If you take a look at the bitcoin price prediction contests in Games and rounds section of the forum you will find a lot of the prediction were bullish, mine included. This shows that bitcoin investment/trading is really not for the faint of heart. Bitcoiners who have been trading/hodling for years are not new to the volatility of the bitcoin market. Newbies however may find it difficult to hodl their bitcoins in the bear market. With the FUD creeping in the internet and trolls spreading fake news about bitcoin, weak hands will be selling off their coins.

Actually, many people have predicted this bear run, but no one knows when it will happen.
BTC prices cannot always continue to rise due to many factors including the current world economic and political situation, and don't forget that after the halving BTC price always going down and reach new ATH a few months after that.

Some holders especially bitcoin newcomers must be panicked because of this crash, but in the next few months/years there will be many people who regret why they didn't buy cheap bitcoins in August 2024.
So I agree with the subject in this thread, no need to be scared because BTC new ATH will definitely happen again.

[Lanatsa]

Many persons here never believed that bitcoin would ever go back to $50k however to everyone's suprise it didn't turn out that way (like $52k damn ) everyone seemed to have been thinking bitcoin was already past the $60k mark unfortunately it hasn't I was able  to confirm this from a couple of users including  The Sceptical Chymist (lol)

Well jeez, how long have you been watching the bitcoin market?  I never thought BTC would ever hit $1k, $10k, or even $50k in my lifetime, but that was way back when I was green and didn't realize how strong its user base was

For persons who trade many would check out on charts and be of the opinion that the market is dipping to likely mitigate some fair value gaps and Order blocks left behind from the most recent bull runs.
For alot of persons, including those who are new to bitcoin, panicking is inevitable and if you really want to HODL I think it won't be necessary.  Don't let FOMO put you in a position to panick and sell off your coins instead take this dip as an opportunity to HODL more coins by buying from scared HODLERS (be a smart trader lol I mean be a SMART HODLER ) .
 I Suggest you sit back and watch the dip fade off.


DON'T FORGET TO KEEP YOUR KEYS SAFE  

Thats what always been saying that you shouldnt really be that confident on how this market behaves or works. We might be seeing that it is really just that near but actually it is really just that too far.
Market conditions could really be just only having that two possible situations on which you are really that dealing up with a random dumps and crash or on the time that it would really be making up some mooshorts. When the market do really make out those movements then you wont really be finding yourself that be impulsive because you had already anticipate for this thing to happen.
For those who are really that their first time then its important that we would really be having that kind of adjustment because once you do miss it then it would be hard to understand.

When market make out some dips then it would really be that recommended that you should really be taking up some considerations on buying back or simply making some entries.
Be greedy when other people are in fear or something in doubt on which these are the primary key points on which you could really be that make use of on the time that you would really be able to encounter
is on how you would really be controlling your emotions and would really be sticking into your plan and targets.

[mayax]

The smart people makes money by buying and selling, the sheep " HODL" 

[Questat]

People who get scared seeing btc price in dips are only newbies. Those who have been here for long have get used to it probably and instead of seeing fears, this makes them more motivated to accumulate more bitcoin while there is a good opportunity to buy. However, newbies may normally feel panicking during this period but we all know they’ll get used to it in the long run if they chose to hold. It just a matter of time to learn the market and patience to overcome the situation.

[Churchillvv]

The market drastically moved from a minor to a serious situation where most users especially people with low level of patience to begin panicking, holders are not excluded in this as some people who claims to be holders are giving up some of their holding to FOMO. I'm not surprised with what's happening in bitcoin although I never expected it but with the orientation I have gotten from this forum I have the confidence of buying more instead of overthinking what will happen after now whether the market will get back or not. if anyone has been focus and has learned pr follow patterns from this community I believe we will all be considering it and opportunity instead of a problem.

Well OP,  we are on the same phase maximising the dips is the goal this time although panicking is inevitable.

[kawetsriyanto]

Many persons here never believed that bitcoin would ever go back to $50k however to everyone's suprise it didn't turn out that way (like $52k damn ) everyone seemed to have been thinking bitcoin was already past the $60k mark unfortunately it hasn't I was able  to confirm this from a couple of users including  The Sceptical Chymist (lol)

Is it necessary to mention "The Sceptical Chymist"? Is this a way to appreciate him or what?  

I think it is normal if most people don't believe Bitcoin to drop again below $50k when it already crossed $70k and even hits $73,750 as a new ATH. Even we have some corrections after Bitcoin hits a new ATH, it never drop below $55k. As far as I know, the lowest price was $56k only. Bitcoin also always could recover and the price crossed again $70k after few corrections. In this condition, I think I can understand if many people believe we are safe to see Bitcoin price above $60k. However, we know Bitcoin price is always unpredictable, even the price can change suddenly because of 1 issue/news. Since it already tries to retest a new ATH and failed, and there are also many FUDs around us, it is actually not so surprised if we have big dump now. Well, I think we may experience 2 months of red market (August-September). In this period of time, I think we may see lower price but I am still confident it should be still above $40k.


Keep patience, guys! This is not the end of Bitcoin.
We are likely to have good news in November-December. Check again "Bitcoin monthly return".  

[SatoPrincess]

I don’t understand why there is so much panic every time bitcoin price goes down and it seems that newbies are not learning anything from it. Do not SELL. Study bitcoin price history, the market will surely retrace itself back again. Instead of complaining about the dip, see it as an opportunity to make money. Buying bitcoin at a low (bottom) and selling the high (top) is the easiest way to profit from bitcoin investment. It is a pity that so many newbies ignore all of these advice and sell their coins at a low because of fear.

[ekissane]

Is this the first $10k daily candle (not in the direction we were all expecting though)?

[avp2306]

I don’t understand why there is so much panic every time bitcoin price goes down and it seems that newbies are not learning anything from it. Do not SELL. Study bitcoin price history, the market will surely retrace itself back again. Instead of complaining about the dip, see it as an opportunity to make money. Buying bitcoin at a low (bottom) and selling the high (top) is the easiest way to profit from bitcoin investment. It is a pity that so many newbies ignore all of these advice and sell their coins at a low because of fear.

I see it normal especially for those people who only join on hype. Usually they are fearful people towards seeing those dumps and they can't help their selves to realize that everything is normal since what came out in their mind first is their money slowly melting due to bearish situation currently happening. But if they could able realize that dumps in bitcoin is temporary these people could just let those things happen without touching there holdings but instead they would look at this situation as good opportunity to accumulate. But we can't control people's mind that's why fear is spreading nowadays.

I'm not selling mine and continue to accumulate then HODL.

[Rockstarguy]

Bitcoin holding is not for the weak minded and now that price I'd going down by the second will want to make people panic to the point that they forget this is a normal occurrence for Bitcoin.
You know, this is one of the reasons I don't press my neighbors to look to adding Bitcoin in their investment portfolio because they may not be willing to ride the storm of volatility till it dies.
 You are right, this is the best time to purchase more Bitcoin as much as you can afford because like others I feel it's going to be quite temporary before we see a jump again.
Bitcoin price hovering at $52k occured some two-three weeks back but we saw how it rose sharply and I guess it's the same thing that will repeat.

Yes you are correct bitcoin is not for the weak and to succeed in bitcoin investment one needs to have the mindset  and understanding of that of a bitcoin maximalist. We have two types of bitcoin investors, the kind of investors who thinks the nature of the market is just the way of his/her thinking and we have the other investors who are ready to hodl bitcoin whether the market falls or not. Those who succeed in bitcoin investment are not panicked when the price of bitcoin falls, the fall of Bitcoin is an opportunity for them to buy more bitcoin,  and with this mindset as a bitcoin maximalist an investor will surely succeed in making good profit investing bitcoin. To succeed in investing bitcoin one needs to consider hodling as the goal, not even the price of bitcoin should make one to panic to sell out.

[Smack That Ace]

I don’t understand why there is so much panic every time bitcoin price goes down and it seems that newbies are not learning anything from it. Do not SELL. Study bitcoin price history, the market will surely retrace itself back again. Instead of complaining about the dip, see it as an opportunity to make money. Buying bitcoin at a low (bottom) and selling the high (top) is the easiest way to profit from bitcoin investment. It is a pity that so many newbies ignore all of these advice and sell their coins at a low because of fear.

This is the financial market and its fierceness is no different from a battlefield, you cannot expect that everyone is good and everyone can make a profit. If that happens, if no one is selling and there are no transactions in the market, the market will collapse. Not to mention, market makers, whales...they will find ways to force people to sell low and buy high and that's how they make a profit. Especially for newbies, they do not have much knowledge and have never experienced strong market fluctuations.

Everything has its price and to have the calm and patience we have today, we all had to pay a very high price in the past. Newbies need the same thing to grow, I don't expect newbies to make money easily because that's not fair to predecessors like us.

I wonder, if there is no panic, no dumping from others, how can you buy bitcoin at a high discount? 

[davis196]

Back in August 2023, the Bitcoin price was below 30K and everyone was happy(because the price increased a lot, in comparison to October 2022, when it was 17K).
Now, the Bitcoin price is in the 50K-57K range(it went down to 50K, but it went back up to 57K) and most people are whining and bitching about it. The US stock markets are down(due to bad data about US employment rates). The situation in the middle east is a problem(Iran threatens to attack Israel). One guy said that the financial markets are like toddlers. They kick and scream and panic, but eventually they calm down. Soon the US Federal Reserve will start lowering the interest rates and the markets will go up. The situation in the Middle East will calm down as well(probably next year). There's nothing to worry about.

[NotATether]

Back in August 2023, the Bitcoin price was below 30K and everyone was happy(because the price increased a lot, in comparison to October 2022, when it was 17K).
Now, the Bitcoin price is in the 50K-57K range(it went down to 50K, but it went back up to 57K) and most people are whining and bitching about it. The US stock markets are down(due to bad data about US employment rates). The situation in the middle east is a problem(Iran threatens to attack Israel). One guy said that the financial markets are like toddlers. They kick and scream and panic, but eventually they calm down. Soon the US Federal Reserve will start lowering the interest rates and the markets will go up. The situation in the Middle East will calm down as well(probably next year). There's nothing to worry about.

First of all, Iran has already launched like ten thousand missiles at Israel, and they shot down most of them, only a few missiles landed inside Israel a few months ago.

Then Israel destroyed Iran's air defense system with one strike in retaliation a few days later.

Iran does not have the means to attack Israel clearly, so why should any financial market care?

Second, Japan just hiked interest rates and for some reason this is affecting markets all over the world, which makes no sense. Why everything is going down at the same time is a mystery.

Third, people were happy that the price was at this range a year ago.

It looks like we are already recovering from this stuff judging by the price today.

[Solokan]

It's very surprising, friend, if I'm not mistaken, the price of BTC fell by 15% and of course people who are not mentally strong will join the fomo, who of course sell their BTC, even though they suffered losses from buying BTC. at a high price, but people who buy BTC in the range of $30k and below certainly won't panic too much when they see the bloody candlestick movement.

However, what you say is true, of course with the decline in BTC prices this is a golden opportunity for those who have idle money to buy. but of course today I see that the price of BTC has improved and of course those who buy BTC make a profit because the price of BTC has risen again and is improving. Yes, of course in the world of BTC and Crypto, it is not uncommon for surprising price declines to occur because that is the cycle and of course our strategy and intelligence are tested and the ones who win are of course those who have a good strategy and good knowledge.

yesterday the price of btc fell to $49,542.83 and now the price of btc rose to $55,624 and this is really amazing. I congratulate those who bought btc for $49,542 because they must be smiling now seeing their money increasing. 

[Pmalek]

Whoever was around during the previous bull runs won't be surprised by what has been happening the last couple of days. Dips of 30% or more isn't news when it comes to bitcoin. It happens year after year. While you are panicking and looking to sell asap, ETFs are buying, whales are buying, and strong hands are adding new BTC to their bags. The bigger worry for me is having bitcoin centralized in the hands of wealthy investors and investment firms than expected dips here and there.

[SatoPrincess]

Back in August 2023, the Bitcoin price was below 30K and everyone was happy(because the price increased a lot, in comparison to October 2022, when it was 17K).
Now, the Bitcoin price is in the 50K-57K range(it went down to 50K, but it went back up to 57K) and most people are whining and bitching about it. The US stock markets are down(due to bad data about US employment rates). The situation in the middle east is a problem(Iran threatens to attack Israel). One guy said that the financial markets are like toddlers. They kick and scream and panic, but eventually they calm down. Soon the US Federal Reserve will start lowering the interest rates and the markets will go up. The situation in the Middle East will calm down as well(probably next year). There's nothing to worry about.

First of all, Iran has already launched like ten thousand missiles at Israel, and they shot down most of them, only a few missiles landed inside Israel a few months ago.

Then Israel destroyed Iran's air defense system with one strike in retaliation a few days later.

Iran does not have the means to attack Israel clearly, so why should any financial market care?

Second, Japan just hiked interest rates and for some reason this is affecting markets all over the world, which makes no sense. Why everything is going down at the same time is a mystery.

Third, people were happy that the price was at this range a year ago.

It looks like we are already recovering from this stuff judging by the price today.

I watched a video of Trump with Adin Ross yesterday where he (Trump) said he heard from reliable sources that Iran was going to attack Israel last night. I don’t know the motive of revealing such sensitive information, I know that even though it is unverified it is still going to cause more panic in the market. People are unsure of what is going on right now and how the market is going to respond. The least any politician can do is to not add more FUD.

[BALIK]

Back in August 2023, the Bitcoin price was below 30K and everyone was happy(because the price increased a lot, in comparison to October 2022, when it was 17K).
Now, the Bitcoin price is in the 50K-57K range(it went down to 50K, but it went back up to 57K) and most people are whining and bitching about it.

That is understandable because people may have bought bitcoin at a higher price than the current price, for example many people bought bitcoin at a price above 60k, 70k$. Not everyone has the opportunity to buy bitcoin for less than $30k and be able to hold it now.

The US stock markets are down(due to bad data about US employment rates). The situation in the middle east is a problem(Iran threatens to attack Israel). One guy said that the financial markets are like toddlers. They kick and scream and panic, but eventually they calm down. Soon the US Federal Reserve will start lowering the interest rates and the markets will go up. The situation in the Middle East will calm down as well(probably next year). There's nothing to worry about.

As far as I know, the stock market, and cryptocurrency...are falling because experts are making predictions and they are worried about a global economic recession.
The Fed's interest rate cut is a good sign but could also signal the beginning of an economic recession. In the past, every time the Fed lowered interest rates, the world economy entered a recession and did not move in a positive direction as we thought.
The Fed keeping interest rates at high levels for a long time is no different from a double-edged sword, it may reduce inflation but will also push the economy into recession.

[348Judah]

Making an investment now is an opportunity only for those who realized it, the market went as low as $48,000 yesterday and hold, its now over $55,000 which i  know some would have been smiling already over their investment made on bitcoin immediately they realized the dip market and take advantage for an investment, same also we are expecting more of this coming to the extent of achieving a new all time high which will be far above the previous one anytime from now till the end of the year.