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pawanjain (OP)
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August 05, 2024, 05:37:27 PM
 #1

Crashes are inevitable, but witnessing global markets crashing simultaneously is something rare.
The Nikkei Index has been experiencing significant declines and the US stock market is also facing falling down.
Today, the Indian stock market suffered a substantial crash and the cryptocurrency market is plummeting as well.
A sense of fear has gripped investors worldwide. It is crucial to remain resilient and patient.
Market recoveries are cyclical and inevitable and by staying informed and strategically positioned, we can navigate face these tough times effectively and emerge stronger.
It's time to gather our savings and buy the dips in next few weeks.

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August 06, 2024, 01:43:55 AM
 #2

(....)
It's time to gather our savings and buy the dips in next few weeks.
It's still difficult to identify if the dips will be in the next few weeks, what if there will be more, or have the dips already happened?
As a trader, this will challenge your strategy, for example, buying the dips or waiting for confirmation of a pullback before buying.

 
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EL MOHA
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August 06, 2024, 03:50:21 PM
 #3

It's still difficult to identify if the dips will be in the next few weeks, what if there will be more, or have the dips already happened?
As a trader, this will challenge your strategy, for example, buying the dips or waiting for confirmation of a pullback before buying.

As things are at the moment I will say no investor can definitely predict the movement of the market now, there is far too many things which are causing Fear at the moment and this are not just ordinary things but major economical issues, WW3 is looming, recession talks also on going; we could clearly see that the Jap Yen increased interest rate and how it affects the stocks and bitcoin, so this is definitely going to be a few hard times for the market as people will turn to sell off some of their most volatile assets.

Also it can’t be certain how the market will move, so my advice for anyone looking to invest into bitcoin is not to sit and just wait for a certain price to buy bitcoin, DCA from this price, waiting could be a risk of missing the low

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Ndabagi01
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August 06, 2024, 05:56:11 PM
 #4

Market recoveries are cyclical and inevitable and by staying informed and strategically positioned, we can navigate face these tough times effectively and emerge stronger.
It's time to gather our savings and buy the dips in next few weeks.

At this moment, I don’t think anyone can tell how much longer the dip will be, how much further will the market go dipper before recovering. Buying the dip more is not a bad idea but without you making up your mind, you’ll be discouraged to see your savings drowning again after buying the dip and it gets dipper. There are a lot of things to consider before deciding on the next step to take in the market. The market is not showing any sign of recovering now and things might get messier again from this point. If you are not a strong holder or have an high sense of patience and optimism in yourself, don’t enter the market now. It is indeed a good time to buy more and stock more crypto in your wallet, but do it strategically that you won’t feel uncomfortable if things don’t move as planned.

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South Park
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August 06, 2024, 06:41:55 PM
 #5

Crashes are inevitable, but witnessing global markets crashing simultaneously is something rare.
The Nikkei Index has been experiencing significant declines and the US stock market is also facing falling down.
Today, the Indian stock market suffered a substantial crash and the cryptocurrency market is plummeting as well.
A sense of fear has gripped investors worldwide. It is crucial to remain resilient and patient.
Market recoveries are cyclical and inevitable and by staying informed and strategically positioned, we can navigate face these tough times effectively and emerge stronger.
It's time to gather our savings and buy the dips in next few weeks.
Investors hate instability, and right now that is the only thing we have all around the world, there are fears that the conflict on the middle east could escalate and involve more nations, which increase the risk of a world war happening even further, so it is natural that the markets are very unstable at the moment, besides recently some indicators on the US were revealed that seem to suggest we may be headed towards a recession, and it is obvious that all the markets around the world reacted negatively towards that news.
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August 06, 2024, 10:14:33 PM
 #6

(....)
It's time to gather our savings and buy the dips in next few weeks.
It's still difficult to identify if the dips will be in the next few weeks, what if there will be more, or have the dips already happened?
As a trader, this will challenge your strategy, for example, buying the dips or waiting for confirmation of a pullback before buying.
There is an article on bitcoin analysis, this has also been shared on the speculation board. From the article, it mentions the analysis of bitcoin decline will last for the next 2 months:  https://cointelegraph.com/news/bitcoin-price-downside-last-2-months

Never know about the future, it could be that the market will continue to fall in a few months.

What is even more terrifying is that traders go "LONG" but the price falls to $50K it can be chaos for traders, but if they only trade on spot then this is the right time to take from the bottom who knows this is a moment that will not be long so it must be utilized properly.

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August 06, 2024, 10:37:18 PM
 #7

Informed investors will definitely not panic even in times like this when the world market is crashing. One thing believe is that lack of information can cause a lot of things which this crash is one of them a lot of investors as on the fear of missing out (FOMO) which has lead them to sell some who are not real time investors but just mere investors either through family members etc are mostly the people falling victim of selling their assets instead buying the dips.

Fact is we (those who believes in the market) and bitcoins specifically would keep buying even when there is no sign of return or stability which is even rare so let's keep buying and hodl till we reach a new ATH.

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