Why Bitcoiners should stay positive despite the current dip

[shield132]

The recent dip in the price of Bitcoin have left so many investors feeling tensed and worried but there are still strong reasons to stay positive about it's future and below are my few concluded reasons

Market Cycles Are Normal
As always, Bitcoin have moved in cycles, with unusual corrections followed by radical and significant rallies. Major dips usually sets the stage for bull run and the current dip I think should be considered as one of those moments.

Growing Governmental and Institutional interests
Recently, we've experienced huge investments into the Bitcoin market from two powerful governments of the world namely USA and Brazil. If the government of the USA which controls the largest economy of the world can buy reserves, it'll definitely attract other top national governments to also do same so it's expected that in the nearest future, the influence that comes with the presence of these governments will cause a high surge in the prize of Bitcoin which will likely to see it reach a new ATH. Again, regardless of the short-term volatility, institutional investments have been on the rise. Renowned companies and firms are adopting Bitcoin, resulting to long-term stability and credibility to the mother coin.

Bitcoin Scarcity Remains Timeless
Bitcoin founder and creator Satoshi Nakamoto introduced 21 million units of bitcoin to the Bitcoin network to ensure it's scarcity so as demands grows over time, this fixed supply continues to remain a significant driver of value.

Regulatory Transparency Is Improving
The regulatory structures around the crypto space are gradually becoming clearer by the day. While regulations seem be discouraging to some people, they generally enabling environment for wider adoption and investor protection in Bitcoin and cryptocurrency in general.

Summarily, while the current dip can be challenging for existing investors and discouraging for intending investors, Bitcoiners have many exciting reasons to remain positive and confident in the asset's long-term potentials.

I wouldn't call this a dip because Bitcoin's price has been going up steadily without dumps. To be fair, I'm shocked that Bitcoin's price is 84K and not lower because the price started increasing from 24K and reached 109K.
We have lots of reasons to believe that Bitcoin's price will significantly grow. Besides the reasons mentioned in this thread, there is a high chance that Amazon and eBay will accept Bitcoin payments in the near future. There is also a chance that many companies will follow MicroStrategy's plan and heavily start investing in Bitcoin. Bitcoin will become a reserve currency for countries and the richest companies, so the current dip is nothing to worry about. There will come a time when 1 Bitcoin will be worth 1 million dollars.

[arabspaceship123]

I don't advise ppl when they should buy & sell or when to hold crypto because I'm not a financial expert. I've tried to understand your post but I'm lost because I can't understand why'd you write it so what's to gain if you haven't asked questions or seek for advice ?

Summarily, while the current dip can be challenging for existing investors and discouraging for intending investors, Bitcoiners have many exciting reasons to remain positive and confident in the asset's long-term potentials.

[Donneski]

I don't advise ppl when they should buy & sell or when to hold crypto because I'm not a financial expert. I've tried to understand your post but I'm lost because I can't understand why'd you write it so what's to gain if you haven't asked questions or seek for advice ?

Summarily, while the current dip can be challenging for existing investors and discouraging for intending investors, Bitcoiners have many exciting reasons to remain positive and confident in the asset's long-term potentials.

It's very obvious you misunderstood the topic of this thread but you should've tried to understand before criticizing. Nobody is asking you to offer any financial advise to anyone rather, this thread was created to encourage Bitcoiners who are already considering selling of their assets as a result of the recent dip as well as intending investors who might be discouraged with the current bearish run. Now, that I've explained it better, I hope you understand the reason behind the thread as well as read the posts under it with open mind so you can learn few things from it at the end.

[arabspaceship123]

I didn't learn anything from this topic. I've kept an open mind it's why I didn't post immediately. If ppl want to buy & sell or hold they won't be inspired by your topic. Bitcoiners don't need encouragement & investors don't need to be discouraged by things they've read in this topic. If you believe you've influenced bitcoiners you're mistaken.

It's very obvious you misunderstood the topic of this thread but you should've tried to understand before criticizing. Nobody is asking you to offer any financial advise to anyone rather, this thread was created to encourage Bitcoiners who are already considering selling of their assets as a result of the recent dip as well as intending investors who might be discouraged with the current bearish run. Now, that I've explained it better, I hope you understand the reason behind the thread as well as read the posts under it with open mind so you can learn few things from it at the end.

[DaNNy001]

The recent dip in the price of Bitcoin have left so many investors feeling tensed and worried...

Except noob investors who just jumped in without doing any research into this industry, I don't think anyone who has stayed long enough to witness two Bitcoin cycles should be worried about the current market situation. For me, I see whatever that's happening now as a correction just to shake up things and redistribute wealth by causing paper hands to hastily see off in fear. Until Bitcoin does around X3 of its previous circle's ATH, I won't be bothered with whatever dip that happens. I will continue to see it as a correction.

Well experience they say is the best teacher and I believe you have learnt and witness that's why you are confident even when the price is Dipping and same would go for the ones that are actually scared now seeing that the price is Dipping, also they too will learn but the thing is that it's better not to learn the hard way though like the way I did when I first got into the space. But now I see every dip not just as correction but also an opportunity to even buy more and boost your portfolio.

[Ever-young]

A person will keep saving and buying all the time as long as they have money to buy bitcoin before reaching their target. No matter how much the price is now and he continues to believe that in the future bitcoin will be the most valuable crypto asset. A bitcoiners knows how the bitcoin price has traveled in more than a decade and that is why everyone who invests in bitcoin still believes and thinks positively when the price starts to fall.

You are very correct those who understand how Bitcoin have performed over the years will understand that price falling is normal and will not panic over it instead they will believe on the market and buy more if it’s financial possible for them because they know with time the price will also experience an increase and profit will be realized from the market which is the reward for patience.

[Mrbluntzy]

Anyone that panicks because of price dip must have invested just for the purpose of short term profit and only expected that might should run straight to their profit zone so that they can sell to get the ROI but for investors that has long term vision for holding their coins, they will never panic rather preferred to use the dip as advantage for themselves. For a fact, people who panic over price dip or surge are mostly the traders or short term investors because they know that when price dip, it can mean that their losses is counting because they must have predicted that price was going to go bullish but it did not.

[Gaza13]

First and foremost, there’s no other choice since you aim investing for a long term goal, hence you have to stay positive. Second, dips shouldn’t be feared of, but it should be a welcoming opportunity for all of us, particularly those who want to enter the market.

And lastly, if you turn emotional and leave your investment, you will be at loss, so it’s better to just ignore if there are dips happening and act like there’s nothing to be fear of. This is the main reason why we should not invest more than we can afford to lose.

I think all of us Bitcoiners have various experiences or sufficient knowledge about this investment, of course they know exactly where their investment plan is headed. It is true what you said, the long term is the main priority for all of us in its storage, yes, this emotional and panic will bring destruction or loss to our investment. Experiences like this are what make us more mature, whether if a decline occurs, how do we respond to it, or in making decisions in choosing the storage period.

[TheUltraElite]

For those who are starting out their journeys in bitcoin and crypto in general market dips are common and the cycle of bull-bear never ends. Because a lot of things happening in the world all having influence in bitcoin we see movements that we cannot justify, but that should not denature your trust in bitcoin.

Justify this from old charts of bitcoin, back when I joined in 2015-16 the price was ~700$/BTC and look at where bitcoin has rose today.

Hence it is tough to be negative about bitcoin.

But on a serious note, have a stable income source, own traditional assets as well, these will be your cushion during bitcoin bad days.

[WeedGoW]

If you notice the current Bitcoin situation a little, you will see the price of bitcoin is down but nobody from Bitcoin has lost and will not lose. Although the current price fall of bitcoin is a concern for some investor, there is enough reason to have a perspective on the possibility of having a good chance for the future. Bitcoin prices sometimes fall into large types of losses or downward which grows strongly again. Before that, significant major has been seen after such abnormal amendments in the bitcoin market, it is likely a new part that may bring the growth of bitcoin prices in the future. So think negative thoughts without thinking about such a minor fall of bitcoin, you’ll see that your investment has succeeded.

[traderethereum]

By staying positive despite the current dip, they can hold their heart from panic and still be sure that the price will increase soon. They do not worry with the price that seem going down because that is just temporary which will back normal and hit the high price.

They can wait for the price to increase while they invest more in this dip because that is the good time for them to accumulate more Bitcoin. They know that the dip can end anytime so they must use that moment to their benefit. They will buy Bitcoin at a low price, hold it, and sell it when the price hit the new ATH.

The dip give them the advantage to buy at a low price. They may not see the low price now in the future so it is better they use the moment for themselves and accumulate more Bitcoin.

[TravelMug]

I have been in the market since early 2017 and obviously, I and others too, have seen a lot of ups and down in the market. And throughout my journey, bear and bull run cycle come and go and yet many of us are still here.

So in the current dip, or the lowest low of $79k, there's nothing to be afraid of, this is just another test for us. On how resilient we are as far as Bitcoin market. Specially if we learn from that past that it's better to hold for long term and treat does dips as a opportunity to buy and accumulate more.

[SilverCryptoBullet]

I have been in the market since early 2017 and obviously, I and others too, have seen a lot of ups and down in the market. And throughout my journey, bear and bull run cycle come and go and yet many of us are still here.

So in the current dip, or the lowest low of $79k, there's nothing to be afraid of, this is just another test for us. On how resilient we are as far as Bitcoin market. Specially if we learn from that past that it's better to hold for long term and treat does dips as a opportunity to buy and accumulate more.

Corrections during a bull market, and corrections from ATHs to bottoms are recorded by the market very well. You can check historical corrections and have more evidence for your thinking and perhaps belief as well.

Bitcoini historical corrections from all time highs.
Bitcoin bull market correction drawdowns.

[GbitG]

Simple is that anyone who is at a level where they can reflect on the market deeply, they will remain positive during the Dip. Like real investment, means is that whatever happens, you should focus on your goal aim. Because we all know that Bitcoin follows a long term supreme bullish. So it is better to master the real concept of Bitcoin so that we can understand that Bitcoin is ongoing on a good track in the long term. Bitcoin can cause you loss in the short term due to its volatility, but in the long term it gives you a sustained margin of yield with low risk.

So it means to say that only long-term investors are worthy of being called real Bitcoiners. Only those people who truly know remain positive in Dip who are known what Bitcoin is….

[LDL]

Those who primarily invest in Bitcoin and hold it will remain steadfast no matter how many dips the market experiences. In this case, their mentality will not change. The mindset of those who invest is set in this way: no matter how bad the situation gets, there will be a market correction someday. Moreover, large institutions, big entrepreneurs, high-profile celebrities, and even famous people like the president are constantly expressing interest in Bitcoin.

However, since the supply of Bitcoin is limited and there is no system to increase the supply, even if its popularity increases over time, there will be no inflation in the market due to the limited supply. As a result, even if the price suddenly drops, there is a 100% chance of a market correction. Because Bitcoin has hundreds of positive indices, investors who have invested from the beginning will not be upset if the price of Bitcoin increases further, and they will not be upset if it decreases.

[kotajikikox]

Anyone that panicks because of price dip must have invested just for the purpose of short term profit and only expected that might should run straight to their profit zone so that they can sell to get the ROI but for investors that has long term vision for holding their coins, they will never panic rather preferred to use the dip as advantage for themselves.

Even if you panic, you should not still make rash decisions. The problem is for some short term investors, they do not put into consideration these risks and when they are faced with the problem they just panic and do whatever. They immediately sell because they are scared it will crash immediately but now they just have lost. They could have analyzed the market more and found a better place to exit the market if they really wanted to get out or maybe not take all of out just in case the market goes up again.

[KiaKia]

Now is the time to consider taking profits. I expect many people have already sold some of their holdings between $100,000 and $108,000. If you are still holding, I have one question: why? It’s possible that Bitcoin has already reached its peak, so don’t be surprised if we start to see a decline from here.

While the possibility of reaching $154,000 still exists, it’s not guaranteed. A rise from $17,000 to $108,000 has already generated significant profits. However, I'm just sharing my perspective—greed often influences decision-making.

Be cautious moving forward. Dollar-cost averaging works best when prices drop.

[gunhell16]

Maybe it's better and better to just stay a positive person than to be a negative type of individual because it will have a better result on our character as a bitcoiners in this field of the Bitcoin industry. When the market is not good, your mind still remains calm or peaceful.

Instead of worrying like others who feel panicking, you will think more that there are good chances to buy for the future when the price rises,
it has still provided a good profit on the investment capital you made during its crashed time in terms of bitcoin's price.

[Pablo-wood]

Maybe it's better and better to just stay a positive person than to be a negative type of individual because it will have a better result on our character as a bitcoiners in this field of the Bitcoin industry. When the market is not good, your mind still remains calm or peaceful.

Instead of worrying like others who feel panicking, you will think more that there are good chances to buy for the future when the price rises,
it has still provided a good profit on the investment capital you made during its crashed time in terms of bitcoin's price.

The question is do we have a choice other than staying positive. The more negative we react towards bitcoin price the more we energetically spread FUD. And the more FUD we spread unconsciously the more indecisive we become. The more indecisive we get the more confused we get as per the next thing to expect from the market and this can trigger selling at a loss.

As rightly said instead of getting so carried away by the market situation and start panicking, it's best to get something else that could distract us so we don't focus more on the current price but rather on our long term targets.

[Mpamaegbu]

~

...also they too will learn but the thing is that it's better not to learn the hard way though like the way I did when I first got into the space.

It's the baptism everyone stepping into this industry is confronted with. I guess that's even what makes experience the best teacher because just saying it without newbies experiencing it firsthand would look like mere storytelling to them. Preach that from now till next week, there are people who won't listen to you that they shouldn't panic. It happened to us all. I can recall when high ranked accounts would try to discourage us back then not to sell in panic and to wait for price to come up again. Did I (we) listen? Of course, not. From experience of my past encounters in the market, I now know what and how to speculate in this industry. To the best of my perspicacity, I believe Bitcoin is yet to attain its new ATH for the circle. Since this hasn't happened, I believe there's no cause for alarm.