Blitzboy
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August 07, 2024, 01:42:30 PM |
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Simple enough: Bitcoin always recovers since history repeats itself. Remember when it was $1,000? $10,000? People who questioned are kicking themselves right now.
Bitcoin is a developing factor in the world economy, not only a fad. Indeed, it responds to international events, but thats evidence its a large stage performer. Though it is somewhat unstable at times, considerable promise exists.
Thus, this dip? Its a sales event, not a catastrophe. Those who are smart investors understand this. They are shopping; they are not panicking. Follow the winners if you aim to be one.
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xLays
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August 07, 2024, 02:00:05 PM |
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Great advice, especially since we now know what's happening to bitcoin after you posted this. But you can't blame someone for not holding and selling their Bitcoin. Even me, I regret setting a stop loss at $54K. Look at the price of BTC— it went from $49.8K back to $57K in just two days now. I'm afraid to place an order now because the price of bitcoin is really volatile right now. Feels badman didn't take that moment as opportunity. My mind was telling me to buy some but I doubted it too.
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CryptoHeadlineNews
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August 07, 2024, 03:42:29 PM |
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Great advice, especially since we now know what's happening to bitcoin after you posted this. But you can't blame someone for not holding and selling their Bitcoin. Even me, I regret setting a stop loss at $54K. Look at the price of BTC— it went from $49.8K back to $57K in just two days now. I'm afraid to place an order now because the price of bitcoin is really volatile right now. Feels badman didn't take that moment as opportunity. My mind was telling me to buy some but I doubted it too.
It's very okay to have felt the same way you did my friend, because anybody with huge sum of money in Bitcoin would have taken the same action you did by placing a Stop loss to avoid losing a higher percentage of their funds due to market volatility. Because one thing certain is that if people had known that Bitcoin will immediately bounce back next 24hrs after reaching the $49k benchmark, I'm sure many would have sold properties just to invest in it at $49k to $50k. But the beauty about it was that nobody knew, which is why if you had swapped your BTC to stable coins, now is time to swap back, as nobody knows what the market will look it in next 30days, as I believe Bitcoin could still cross the $60k benchmark again.. Note: Volatility is necessary for Bitcoin's long term continuity
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red4slash
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August 07, 2024, 04:13:04 PM |
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Bitcoin is always unpredictable because of its volatility, so don't be surprised when there are sudden increases and decreases regardless of whether there is favorable or unfavorable news from bitcoin in the end, volatility like this always happens.
We don't need to be pessimistic about the decline that occurred because after all we must realize that in the end something like this will continue to happen at any time as long as bitcoin exists so as the title you wrote in this case we only need to take advantage of what is happening now where when bitcoin decreases then that is a good opportunity to make us benefit from the decline that occurs, namely buying as long as we can afford to buy it.
Because in the end sooner or later it will turn positive for us so don't worry too much about the decline that occurs because after all it is only a temporary decline.
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Silberman
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August 07, 2024, 04:16:03 PM |
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Great advice, especially since we now know what's happening to bitcoin after you posted this. But you can't blame someone for not holding and selling their Bitcoin. Even me, I regret setting a stop loss at $54K. Look at the price of BTC— it went from $49.8K back to $57K in just two days now. I'm afraid to place an order now because the price of bitcoin is really volatile right now. Feels badman didn't take that moment as opportunity. My mind was telling me to buy some but I doubted it too.
At the end each trader needs to take responsibility for the decisions they take, and while I can understand that someone sold under the circumstances we were facing, at the same time anyone that has been on this market long enough knows that bitcoin can move like this from time to time, and when it does that is the perfect moment to take advantage of the dip and buy more of it for a huge discount, as we know that other people are thinking the same and such prices cannot last for long.
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pawanjain
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August 07, 2024, 04:40:20 PM |
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But also it is a negative characteristic because Bitcoin was supposed to be that "safe haven" not something people only buy during peacetime and when everything is fine. It was supposed to be the digital gold and yet gold seems to be more resilient to such negative events.
I had observed the same thing recently. Few days back the Indian stock market crashed because of the global tensions. The same day, there was a blood bath in crypto and bitcoin plummeted to $52k. On the other hand Gold price was increasing steadily which got me into thinking that gold has become more resilient than bitcoin. The same happened during the covid crash but few months later bitcoin recovered very well. I am guessing bitcoin would recover well this time too but the fact is that the global tensions do impact bitcoin for a brief time period.
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Hispo
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August 07, 2024, 04:46:23 PM |
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I have gotten the perceptions actual strong holders do not even look at the price in a daily basis. I consider myself to be a holder, but not as much as other players in this market. I have mostly ignored how the price behaves lately, because I have been too busy to even check the price on the phone, though, the lastest dip (which I almost missed) I took advanced of it, buying in some bucks in Satoshis. Let the hour and minute candle graphs of the traders, if anyone here actually believes in the future of Bitcoin and the law of supply and demand, they won't need to look at the price of Bitcoin everyday, if anything just once a week or once a month. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Though, I wont lie. when I was a newbie I was nervous enough to keep a widget on my phone and computer to keep me up-to-date on the price of BTC, haha.
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Lida93
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August 07, 2024, 07:11:13 PM |
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Great advice, especially since we now know what's happening to bitcoin after you posted this. But you can't blame someone for not holding and selling their Bitcoin. Even me, I regret setting a stop loss at $54K. Look at the price of BTC— it went from $49.8K back to $57K in just two days now.
A stop loss for a holder! You sound confusing as someone who's sitting on the fence about his portfolio, neither a holder nor trader. How long have you been around with bitcoin because you don't seem to be new with the mainstream. Of course you are not. If you have been following bitcoin bullrun history you would be aware that even after halving we still get to grapple with a few moments of dip's. It's no rollercoaster bro. I'm afraid to place an order now because the price of bitcoin is really volatile right now. Feels badman didn't take that moment as opportunity. My mind was telling me to buy some but I doubted it too.
The opportunity is still there to buy again take it now or miss it. The bears/dips are but a momentarily shadows don't let it cast it's FUD's on you, but rather cast your mind to the future where lies the bull by maintaining your hodling mate.
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SatoPrincess
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August 07, 2024, 10:59:38 PM |
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It's important to have some money in fiat money on stand by so you can buy the dip when the prices fall down.
This is why I always encourage investors not to quit their job because they made a little money from bitcoin trading/investment. You need the income for times like this when the market is in a bearish state so you can afford to buy at good positions. And still be able to take care of your bills without having to sell your bitcoins at a loss.
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Wakate
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August 08, 2024, 08:33:33 PM |
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Great advice, especially since we now know what's happening to bitcoin after you posted this. But you can't blame someone for not holding and selling their Bitcoin. Even me, I regret setting a stop loss at $54K. Look at the price of BTC— it went from $49.8K back to $57K in just two days now. I'm afraid to place an order now because the price of bitcoin is really volatile right now. Feels badman didn't take that moment as opportunity. My mind was telling me to buy some but I doubted it too.
Buying the dip is one of the best way to make money from the crypto market without much stress. Just imagine buying Bitcoin at the price of $50k and keeping it for the price to grow and reach $65k or $70k before selling part of the holding. It is a sharp way to make money from the crypto market without doing something illegal. Although it is people that have enough funds with them that can always follow this pattern to make money from the market without any problem. The price of Bitcoin has been fluctuating for long now and it would be impressive if we can always take the advantage to make money from this ranging market before the price would continue the bull run.
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GiftedMAN
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August 08, 2024, 08:48:40 PM |
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It's important to have some money in fiat money on stand by so you can buy the dip when the prices fall down.
This is why I always encourage investors not to quit their job because they made a little money from bitcoin trading/investment. You need the income for times like this when the market is in a bearish state so you can afford to buy at good positions. And still be able to take care of your bills without having to sell your bitcoins at a loss. A good bitcoin investor will always consider a plan B during the course of investment no matter the amount on has gained from bitcoin investment, having a job that brings in a steady supply of income to add to the Bitcoin investment helps the investor to always stay ready when there is a good opportunity to acquire more Bitcoin during the bearish season just like what we have now and having your money saved in Bitcoin and a job that gives you money in Fiat can easily help to make Bitcoin purchase faster because you don't sell to rebuy when the bitcoin price is low.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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Furious 7
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August 08, 2024, 09:56:25 PM |
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Thus, this dip? Its a sales event, not a catastrophe. Those who are smart investors understand this. They are shopping; they are not panicking. Follow the winners if you aim to be one.
We are in a condition where mental warfare, especially for beginners who have just set foot in bitcoin, becomes more panic because of the decline but for those who already understand the conditions and workings of bitcoin and of course great confidence in bitcoin this is always used as an opportunity to get better results in the future. Although it cannot be denied that sometimes using panic in situations like this is a wrong thing but it is difficult for beginners to control because after all, in addition to the lack of experience in bitcoin they are also still quite panicked by what is happening. I quite understand their feelings because it is certain that their mentality and thinking are a little shaken when the price does not match what is expected. It's just that it also cannot be used as an excuse for them to forget important things, namely the long term in order to make them realize that even though the increase and decrease occur it is only temporary and our place is not here to stop.
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Agbe
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August 08, 2024, 10:10:03 PM |
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As for me before the next Halving, bitcoin can reduce to $20k or $30k before it will rise again to the next ATH. And before then, the price will reach $70k again so as you said, this one of the good opportunity to accumulate more to the wallets. But as the world economy is vet bad and mostly.innthe third world countries, the citizens are struggling to survive so to invest in bitcoin might not be possible for many of them. But if they are working it is good for them to invest in the DCA method. And because of the economic hardships in Africa, protest and military coup d'etat is the latest news in the continent. Therefore survival of the fittest has been in the African soil. So to invest is hard.
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nelson4lov
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August 08, 2024, 10:20:26 PM |
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Congratulations to everyone that used the opportunity that the Japanese carry trade sell-offs offered. I was caught withy pants down and had to reduce risks because I was already in it before market went downhill. Anybody who bought more or went long between $48K bottom to the early $50K should be in good profits now because Bitcoin just reclaimed $60K price level. This, along with the fact that there's still an expected feds rate cut in September and the possible US Bitcoin strategy reserve (if successful, then we might be in UPONLY season.
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tread93
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August 09, 2024, 09:55:13 PM |
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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 ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) ) 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) ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) 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 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ) . I Suggest you sit back and watch the dip fade off. DON'T FORGET TO KEEP YOUR KEYS SAFE ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) We’re already back up to 60k ! Still a nice little discount if you can stack more chips but if you’re paying attention none of the big financial firms have sold any of their holdings which is indeed very telling about how they currently feel about BTC even though major price fluctuations
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Nwada001
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August 09, 2024, 10:52:56 PM |
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This is why I always encourage investors not to quit their job because they made a little money from bitcoin trading/investment. You need the income for times like this when the market is in a bearish state so you can afford to buy at good positions. And still be able to take care of your bills without having to sell your bitcoins at a loss.
+1 And if the person feels like they can no longer work under anyone because they have made a large amount of money as a profit from bitcoin, so they don't need anyone to boss them around, it's better they start up something that can generate income for them as they still participate in their Bitcoin holding, and if they are trading, they should also focus on the trading. With a frequent flow of cash, they won't be affected by any unfavourable market situation.
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Dr.Osh
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August 10, 2024, 02:55:23 AM |
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well, if i had a lot of money right now, and a lot of luck to make more money, then i would invest in bitcoin or some popular altcoin. Until now, I still believe that the effects of the halving have not fully occurred, and will probably occur next year. So, I also feel that now is an opportunity to collect as many assets as possible, especially when the price of bitcoin is still tending to decline.
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Webetcoins
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August 10, 2024, 05:15:02 AM |
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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. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) That is exactly why everyone who is a veteran kept telling people to just buy and buy. If you bought yesterday, you already made more than 10% return, and that's why these falls are always great. I understand that when you are holding a lot and it crashes, it is not a good feeling and the last thing you want to hear that its a good thing that it fell, you want to hear that it sucks and its such a tragedy. But, what good does that do? I mean keep whining and complaining and then in return you get nothing. Instead, its smarter to just realize you are going to end up making so much more money if you just buy at that level as much as you can. Even at 55k, while it is a recovered price, it is still not fully recovered and we are going to see above 60k for sure, which means that while many people missed a 10% chance, I am sure that there is yet another 10% and then some left to make, maybe as high as 20% but that's about it. If you want to feel sorry for the drop and nothing else then do that but that is not the right way to go, the smart money is on buying as much as you can buy right now, the results will be staggering and price will skyrocket. That is the way how market works, every down is followed by an up.
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Ultegra134
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August 10, 2024, 05:44:33 AM |
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I have gotten the perceptions actual strong holders do not even look at the price in a daily basis. I consider myself to be a holder, but not as much as other players in this market. I have mostly ignored how the price behaves lately, because I have been too busy to even check the price on the phone, though, the lastest dip (which I almost missed) I took advanced of it, buying in some bucks in Satoshis. Let the hour and minute candle graphs of the traders, if anyone here actually believes in the future of Bitcoin and the law of supply and demand, they won't need to look at the price of Bitcoin everyday, if anything just once a week or once a month. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Though, I wont lie. when I was a newbie I was nervous enough to keep a widget on my phone and computer to keep me up-to-date on the price of BTC, haha. Speaking for myself, that's true. I almost never bother looking at the price anymore. I completely ignore what's going on in the market, and I'm not bothered by it at all. On the contrary, I'm quite positive when I notice a crash and am disheartened during the bull market, as I can accumulate more Bitcoin during the bear market, taking advantage of the lower prices. I only become aware of a crash when panicked users start posting threads about it, in an attempt to analyze what's happening and why the crash occurred.
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Cryptmuster
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August 10, 2024, 08:46:17 AM |
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Bitcoin is always unpredictable because of its volatility, so don't be surprised when there are sudden increases and decreases regardless of whether there is favorable or unfavorable news from bitcoin in the end, volatility like this always happens.
We don't need to be pessimistic about the decline that occurred because after all we must realize that in the end something like this will continue to happen at any time as long as bitcoin exists so as the title you wrote in this case we only need to take advantage of what is happening now where when bitcoin decreases then that is a good opportunity to make us benefit from the decline that occurs, namely buying as long as we can afford to buy it.
Because in the end sooner or later it will turn positive for us so don't worry too much about the decline that occurs because after all it is only a temporary decline.
Look how quickly Bitcoin managed to recover from this correction, a few days ago the price was 49k, but just as quickly as it fell, it was able to rise to 62k. High volatility is normal for Bitcoin, we have always seen it and I think that you do not need to worry too much about it, instead you need to have some stablecoins to take advantage of this and benefit from such high volatility. You should not worry either because there has been no bull run yet, the most interesting things are ahead of us, I expect that growth will begin in the fall, and may reach 2025, then you will need to think about selling (of course, unless you are a long-term investor who is not going to sell Bitcoin in the coming years).
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