Bitcoin price drops 18% since June

[btcethexpert]

Just wanted to drop in and chat about the recent rollercoaster ride that Bitcoin price seems to be on. Can you believe it? The price has taken a bit of a nosedive, down 18% since June. 🎢

I mean, we all know that cryptocurrency can be as unpredictable as the weather, but this drop has definitely caught many by surprise. It's like Bitcoin looked at June and said, "Hold my virtual beer" before taking a dip.

So, what's your take on this downward spiral? Are you HODLing on for dear life or considering diving in during this dip? Let's share our thoughts and insights on this wild ride of a market!

[BlackBoss_]

Zoom out the chart, forget about price change in one month or some months, your investment life will become easier and less challenging. Your confidence will be improved by looking at yearly candles chart and Never look back price chart.

In addition, let's see Price drawdown from all time high, it can help you to calm down and less panic in correction months.

https://charts.bitbo.io/yearly-candles/
https://charts.bitbo.io/never-look-back-price/
https://charts.bitbo.io/price-drawdown-from-all-time-high/

[Ambatman]

Just wanted to drop in and chat about the recent rollercoaster ride that Bitcoin price seems to be on. Can you believe it? The price has taken a bit of a nosedive, down 18% since June. 🎢

I mean, we all know that cryptocurrency can be as unpredictable as the weather, but this drop has definitely caught many by surprise. It's like Bitcoin looked at June and said, "Hold my virtual beer" before taking a dip.

So, what's your take on this downward spiral? Are you HODLing on for dear life or considering diving in during this dip? Let's share our thoughts and insights on this wild ride of a market!

Bitcoin falling by 18% is nothing New, and not something that should cause a scare
Cryptocurrency's are quite volatile but it's funny how many overestimate Bitcoin volatility
Compared to S&P data since last year October, Bitcoin is less volatile than 92 S&P stock.
And despite having a high measure of standard deviation, it's returns is biased towards the positives.

I really don't want to use fool but only one would sell at a dip except in cases that warrants emergency need of the fund.
So No ain't selling, already bought some around the 50's and would still continue even if it hits 40's.
History has shown Holdlers always win at the end
Doubt the streak would end now.

[Die_empty]

So, what's your take on this downward spiral? Are you HODLing on for dear life or considering diving in during this dip? Let's share our thoughts and insights on this wild ride of a market!

The is nothing strange about the Bitcoin price drop. Everyone knows that it is volatile, and the price can move in any direction. September is not always a good month for Bitcoin, so don't panic. It is also possible that the price of Bitcoin might recover this month especially if the Feds reduce interest rate. Selling now is not an option because the price might appreciate more at the end of the year or early next year. Don't be frightened by red; it can turn green within a short period.

This thread should be in speculation and not Bitcoin discussions.

[Oshosondy]

I mean, we all know that cryptocurrency can be as unpredictable as the weather, but this drop has definitely caught many by surprise. It's like Bitcoin looked at June and said, "Hold my virtual beer" before taking a dip.

Bitcoin price decrease should not be a surprise to anyone because that is how assets are. Bitcoin is better than those altcoins that have fallen 100% or more. Some altcoins has fallen 500% or more. 18% shows how bitcoin has been a less volatile cryptocurrency

So, what's your take on this downward spiral? Are you HODLing on for dear life or considering diving in during this dip? Let's share our thoughts and insights on this wild ride of a market!

My take is that people should not sell at loss if they bought bitcoin at higher price, the bull run season is not yet over. Anyone that can buy more can do so periodically.

[Oshosondy]

So, what's your take on this downward spiral? Are you HODLing on for dear life or considering diving in during this dip? Let's share our thoughts and insights on this wild ride of a market!

If a country accepts bitcoin as proof of fund, it would be all over the news and social media. Only what I know is used as proof of fund is fiat. Anything that is not fiat but properties can not be used as proof of fund. So this makes me think that even if some countries as very crypto friendly, they may still not accept bitcoin as proof of fund.

[ethereumhunter]

Yes, the price is down but that will not be a problem for me because I use a long term investment so I am not worry with that. I still buy more and more Bitcoin in this time so I have my chance to accumulates more Bitcoin. You don't have to worry with the decrease of Bitcoin price because Bitcoin price will increase in the right time. All you have to do is keep your investment and continue buying Bitcoin so you can prepare to sell at a high price or at new ATH.

I still holding my Bitcoin until now because I am waiting for the next ATH. We already saw Bitcoin price reach more than $70k but that will not be the new ATH because I am sure Bitcoin can reach more than that price. So before the price start increase, we must use our chance to buy Bitcoin using DCA and still waiting for the jump and have patience until that moment comes.

[Minor Miner]

Just wanted to drop in and chat about the recent rollercoaster ride that Bitcoin price seems to be on. Can you believe it? The price has taken a bit of a nosedive, down 18% since June. 🎢

I mean, we all know that cryptocurrency can be as unpredictable as the weather, but this drop has definitely caught many by surprise. It's like Bitcoin looked at June and said, "Hold my virtual beer" before taking a dip.

So, what's your take on this downward spiral? Are you HODLing on for dear life or considering diving in during this dip? Let's share our thoughts and insights on this wild ride of a market!

Are you a newbie? If you are new to the market and have never experienced a bear market, it is understandable that you are worried or want to know what people think about this correction. But if you are someone who has been in the market for a long time, asking this question may seem quite redundant and unnecessary.

It can be said that if anyone is scared, it is only the newbies who have never experienced bear season or lack knowledge. On the contrary, those who are experienced and have been through 1 or more bearish seasons are taking this opportunity to accumulate more bitcoins. People didn't even panic when bitcoin lost over 70% of its value in the last bear season, so what's there to be scared of when bitcoin drops 18%?

[philipma1957]

Just wanted to drop in and chat about the recent rollercoaster ride that Bitcoin price seems to be on. Can you believe it? The price has taken a bit of a nosedive, down 18% since June. 🎢

I mean, we all know that cryptocurrency can be as unpredictable as the weather, but this drop has definitely caught many by surprise. It's like Bitcoin looked at June and said, "Hold my virtual beer" before taking a dip.

So, what's your take on this downward spiral? Are you HODLing on for dear life or considering diving in during this dip? Let's share our thoughts and insights on this wild ride of a market!

my take is you should not use the words downward spiral 🌀 it is a misuse of the english language.

[Knight Hider]

Now do since January

[OgNasty]

Everyone knew (although many were strangely in denial) that the mtgox coins being distributed was going to be a drag on the price. There was time to get ahead of it and sell if you were a trader and it’s a short term issue if you’re a holder. So really it doesn’t matter much. Those with leverage are hurting, but for everyone else, enjoy the cheap DCA opportunity.

[coolcoinz]

So, what's your take on this downward spiral? Are you HODLing on for dear life or considering diving in during this dip? Let's share our thoughts and insights on this wild ride of a market!

I'd be holding for dear life if I felt like I lost money. Those who bought $70k bitcoin must be pretty nervous right now, but when you bought a $3k bitcoin, you don't care. It doesn't change a thing for me if I'm up 2000% or 1800% so yes, I am holding, but it's a totally effortless activity. I survived a dip below $20k last year and there's not going to be another one.

Those of you who bought sub 20k, you guys made a generational decision. One that you're going to tell your kids about when they start investing and asking where your money came from. That's all that matters.

[EL MOHA]

Just wanted to drop in and chat about the recent rollercoaster ride that Bitcoin price seems to be on. Can you believe it? The price has taken a bit of a nosedive, down 18% since June. 🎢

I mean, we all know that cryptocurrency can be as unpredictable as the weather, but this drop has definitely caught many by surprise. It's like Bitcoin looked at June and said, "Hold my virtual beer" before taking a dip.

I would just say I don’t know why everyone seems surprised,  this isn’t a bitcoin something alone but any kind of investment can come down most especially volatile ones, the bitcoin price had a very huge surge or spike of price from last quarter of 2023 to the first quarter of 2024, during this period bitcoin had to break its all time high to create a new one. This movement was supposed to be a movement after the halving period and he probably during the last quarter of the year but had it early due to the ETF hype. So after that it was logical that bitcoin price was bound to drop or dip as many were already taking profits and that’s why supply was excess and debt. The dip was most at times triggered by the negative news surrounding the price then it was hard, the market after this corrections will definitely start to the more up again this isn’t different from the normal volatile assets

[JeffBrad12]

It's just normal occurrence with the never-ending high volatility of BTC I personally see this as an opportunity, had someone bought the dip when BTC literally reaching ows of $52k and $49k back then they'd have made some fortune so I'm still optimistic.

the key is swing trading for this current bullish cycle, people are so afraid of BTC going down and also don't believe BTC could easily $100k that's why price swinging around $62k nonstop.

but eventually we will break the resistance and eventually going to know what direction BTC going to take. so this 18% drop is really nothing in my book.

[BitcoinBarrel]

Zoom out the chart, forget about price change in one month or some months, your investment life will become easier and less challenging. Your confidence will be improved by looking at yearly candles chart and Never look back price chart.

In addition, let's see Price drawdown from all time high, it can help you to calm down and less panic in correction months.

https://charts.bitbo.io/yearly-candles/
https://charts.bitbo.io/never-look-back-price/
https://charts.bitbo.io/price-drawdown-from-all-time-high/

If you look at the drawdown chart, looks like we're headed to a potentially 75% drop from ATH...

But that could also mean a new All-time high is right around the corner.

I don't look at charts much, personally, but it is interesting data.

[Don Pedro Dinero]

To be honest, it is rather paradoxical that such a statement is made by someone who has chosen the nickname ‘btcethexpert’, as it seems more like the concern of someone who has little experience in the cryptocurrency markets.

Zoom out the chart, forget about price change in one month or some months, your investment life will become easier and less challenging. Your confidence will be improved by looking at yearly candles chart and Never look back price chart.

In addition, let's see Price drawdown from all time high, it can help you to calm down and less panic in correction months.

https://charts.bitbo.io/yearly-candles/
https://charts.bitbo.io/never-look-back-price/
https://charts.bitbo.io/price-drawdown-from-all-time-high/

In the end, what happens with these things is that people like the OP get desperate and sell shortly before the big green candle that drives the price into the stratosphere. With a bit of zooming out, as you say, experience and patience these things don't happen.

[bitgolden]

I'd be holding for dear life if I felt like I lost money. Those who bought $70k bitcoin must be pretty nervous right now, but when you bought a $3k bitcoin, you don't care. It doesn't change a thing for me if I'm up 2000% or 1800% so yes, I am holding, but it's a totally effortless activity. I survived a dip below $20k last year and there's not going to be another one.

Effortless activity is the key point here, we are talking about something that is quite easy to handle, because we are not really interested in doing anything. I always say, the easiest thing in the world is holding because you technically do nothing at all, you are literally just doing nothing.

This is why I am a long term holder, and while it is true that I bought a bit when it was over 60k, I also had some around 30k as well, meaning that I am in profit already, and I do not worry about it. That is what people who bought for high price should do, buy when it's lower so they can lower their entry price. This way they can get in profit quicker, that's what I did, took me a while, but in the end I made some profit.

Those of you who bought sub 20k, you guys made a generational decision. One that you're going to tell your kids about when they start investing and asking where your money came from. That's all that matters.

I feel like, even at current price or at current ATH, you still have chances to make "generational decisions" by considering the unfold potential of bitcoin. I am speculating about $100k by end of this year and $1M by end of next year. $20k first appeared on 2017 and then on 2020 but that price looks like a better price; it means current price also will look like a better price 2024 onward, I am very much confident.

[SamReomo]

So, what's your take on this downward spiral? Are you HODLing on for dear life or considering diving in during this dip?

I'm hodling, dip buying, and selling those of the dip buys when price moves up so I can accumulate more of it when such dips take place. I guess all those downwards movements are allowing me to increase my portfolio overtime and I find nothing wrong in it as far as someone understands the nature of crypto market. A simple advice for you and others, "Never sell your Bitcoins when market is dumped," and instead of selling accumulate some coins in dump or dip and sell it when the price moves up. It surely will move upward after the dips.

[Dave1]

So, what's your take on this downward spiral? Are you HODLing on for dear life or considering diving in during this dip?

I'm hodling, dip buying, and selling those of the dip buys when price moves up so I can accumulate more of it when such dips take place. I guess all those downwards movements are allowing me to increase my portfolio overtime and I find nothing wrong in it as far as someone understands the nature of crypto market. A simple advice for you and others, "Never sell your Bitcoins when market is dumped," and instead of selling accumulate some coins in dump or dip and sell it when the price moves up. It surely will move upward after the dips.

Yeah, depends on our strategy on this volatile market, for sure we have seen a lot of ups and downs, in January-February alone, we have a big uptick in price and we go to a new all time high, prior to the halving.

June, August, September, and this is what the OP has pointed out, although in July we have a 2% increased. So still good though, we still have a lot of months before the end of the year and personally, I'm not worried, and who knows, maybe the last quarter would be the parabolic rise that we are waiting for. So just continue what we do best, accumulate, hold and we will all be good this year.

[STT]

Trend will continue downwards for now I think on the basis we have failed in our attempts to breakout upwards.   A failed breakout will inversely lead us downwards and the oppisite is also true but right now we had a week above moved above the weekly average but failed and fell back below.

Just this week we broke above the 2 day average and rising from support seemed possibly able to trend upwards.  This has now failed and we are below a few measures leading me to conclude our momentum is downwards till we can hit support and establish a stable price able with balance between sellers and buyers.