Chill time

[osasshem]

Here we go again, another drop after touching what we thought was a breakout point. But honestly, this isn’t new. Bitcoin has always behaved like this, sudden dumps after ATHs, then slow recoveries that catch everyone off guard.

Because of the thought of seeing a new breakout point is the major reason for liquidating large trading accounts across different trading platforms, which has lead to numerous devastating situations to crypto traders, forgetting how to manage trading risks and losses, creating a vulnerable trading environment because of large profit expectation due to large leverage.

This sudden dump was a very quick and sharp one, which is not how we do see its correction methods before and it really took everyone and mostly traders off guard.

So this isn’t a time to panic. It’s a time to stay calm, observe, and prepare for the next opportunity. If history keeps repeating, the best move right now might be simple, wait and buy the dip.

It is hard not to panic; but don't out of emotions make a wrong choice in decision making at this time. Instead of panic selling, keep holding or panic buy at a down time market like this, as every possible deep is a good opportunity to buy more.

[Yaunfitda]

When bitcoin reacts the way it has done, we are overreacting to it and make it worse. The best thing to do during this time would be making sure that we are handling it well enough that we wouldn't mind ups and downs. Long term investment gives you what you wish and that should be the way to move forward as well. I understand it is not that easy to handle this right away, but we can make this work one way or another so we should be careful about it.

I think that is normal reaction of the market. Understand that there are a lot of investors and traders around the world. So everyone is very different in terms of their strategies. Others might sell, not to panic but to stop the bleeding and then re-invest again when everything settles down.

I see that many people sold in panic when the price went down, and now that it is recovering they are regretting it. It has always been the same, when it goes down people are overreacting to it and that causes a lot of trouble. We should be careful and not see it as a big trouble. I get that it may not be easy to handle, but that's the way we make money.

It's going to be a very expensive lessons for those who sold in panic mode. And hopefully not by regretting, but learning from it. But then there will be new set of investors. Newbies that will repeat this same mistakes but this is why the market is thriving. Right now, we have a good bounce already to $111k and it could go to maybe $113k before this month ends.

[Republikcoin.com]

~~~

Yes, in the world of investment, sharp fluctuations and declines are a normal or common occurrence. If we have been involved in the market, of course we will not be surprised or panic when we see quite significant changes. Experience in the market does build mental resilience investors who are accustomed to volatility tend to see sharp declines as opportunities, not threats. Yes, of course, with such a decline, all investors will definitely take advantage of the discount moment and get the cheapest price.

This is quite possible for current investors, or for investors who still like to buy Bitcoin at any price, especially at the current discount. So today, we've all seen the Bitcoin price re-pass the $110,000 mark in the market. And I hope this price rebound isn't just a short-lived event, so that in the next month everyone can see Bitcoin prices near their all-time highs. Because the current price is clearly not that far from the highest price ever reached by Bitcoin.

[buwaytress]

You know this is nothing compared to what we have seen in the past. You know there is no need to panic.

But you posting about it like it's newsworthy is rather what makes people nervous and jittery, and what makes people think the dip is more than it is. So maybe... go back to sleep? You'll need the energy for when there is something more meaningful coming haha.

[YOSHIE]

So this isn’t a time to panic. It’s a time to stay calm, observe, and prepare for the next opportunity. If history keeps repeating, the best move right now might be simple, wait and buy the dip.

In the crypto world, we are always tied to various things that are related to speculation, Of course, in the crypto market, we are not always in a tense situation where we have to think at all times about the volume of our investment assets, where there is still time to relax.

Currently the market situation is unstable, I mean the direction of the market play, will it continue to fall deeper or is this the lowest point? Well, for me, this is the time to relax but don't forget to monitor market movements on a scale. The point is that we don't want to lose the moments that will make us regret it in the next four years.

[Grace333]

So this isn’t a time to panic. It’s a time to stay calm, observe, and prepare for the next opportunity. If history keeps repeating, the best move right now might be simple, wait and buy the dip.

The current decline in Bitcoin is basically a buying opportunity for investors. Because the best opportunity is being created for those who buy dips, and for those who are buying Bitcoin regularly according to the DCA method, there is always an opportunity to buy dips. However, it is never reasonable to panic at this time, only panicked people are the most in fool's paradise.
Bitcoin investors who are never afraid of seeing Bitcoin dumping, but they save money to buy regularly (take the opportunity to buy Bitcoin). So it is best to focus on buying Bitcoin dips without panicking.

Bitcoin going down is not a new thing , it’s just how the market works. For long term investors, they don’t panic for this dip. If you are using DCA and buying regularly, Then the dip is simply another opportunity to improve your Bitcoin.

That panicking comes from people that invested with emotions or used money they should not even have been used in the first place. When you really understand Bitcoin and have a long term plan, short term dumps will not scare you.

[Popkon6]

You should not wait to buy Bitcoin dip, but rather buy Bitcoin with courage at the present time. If I think, then following the DCA method is the most appropriate, because through the DCA method, Bitcoin can take advantage of all levels of dip market opportunities. So this Bitcoin purchase decision must be made in the DCA method, where each person can take the opportunity to buy Bitcoin from the market at any time based on his right opinion and courage.
Those who wait for the dip purchase are basically in a dilemma, if the dip is formed in the market at the present time, they will expect the price of Bitcoin to fall even more. And will wait for the next dumping opportunity, so buying Bitcoin by following the DCA method indicates a positive direction from all aspects.

[STT]

Chill time is over imo,  this price action is more like an archer with bow drawn.  We are not chill but debating how much energy is in the drawn string and possibility of the released arrow but it is not chill, nobody would argue that just because the weaponry is not yet launched.
  Theres a clear curve and recovery in the price, theres a build in the  price.  Im not arguing success is certain and it has to go up but a price poised in any way is not described by chill so I dont see BTC as any longer going sideways or drifting.   I dont see a clear path upwards but Im looking at an accumulation in volume to make higher prices eventually possible, maybe after chinese new year who knows.

[whiteblue]

Chill time is over imo,  this price action is more like an archer with bow drawn.  We are not chill but debating how much energy is in the drawn string and possibility of the released arrow but it is not chill, nobody would argue that just because the weaponry is not yet launched.
  Theres a clear curve and recovery in the price, theres a build in the  price.  Im not arguing success is certain and it has to go up but a price poised in any way is not described by chill so I dont see BTC as any longer going sideways or drifting.   I dont see a clear path upwards but Im looking at an accumulation in volume to make higher prices eventually possible, maybe after chinese new year who knows.

This is not a calm period, it is like the beginning of 2022 where the market is looking for opportunities to increase demand but something happens that causes us to correct, the parable is very cool I like it and explains us in a confusing situation where when talking about a decline we will see that the bitcoin cycle has ended in addition to that the price is starting to recover by breaking $96k yesterday whether it will continue to rise or not for now, people say yes and people say this is a bull trap, what is clear is that this is not a relaxing period, it is a period of confusion to see the potential for the future.